1470 Elm Avenue
Long Beach, CA, 90813
$2,549,000
Beds
0 Baths
SqFt
0.17 Acres
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PRICED TO SELL – 10.2 GRM AND 6.3% CAP AGAINST IN-PLACE RENTS. 10 units in Long Beach subject to AB 1482 rent control – maximum annual increase of 5% + CPI. All 2+1’s, 9 of 10 units heavily remodeled with new kitchens, baths and flooring. Over $250K spent on CAP EX since 2020. The property is professionally managed and well-maintained. There is parking in the rear for 8 cars and an onsite laundry room. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND SETUP.

Property Details

Price:
$2,549,000
MLS #:
25484395
Status:
Active
Baths:
0
Address:
1470 Elm Avenue
Type:
Residential Income
Neighborhood:
9polyhigh
City:
Long Beach
Listed Date:
Jan 16, 2025
State:
CA
ZIP:
90813
Lot Size:
7,596 sqft / 0.17 acres (approx)
Year Built:
1959
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Parking Features
Assigned
Parking Spots
8.00
Stories Total
2

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1470 Elm Avenue
Long Beach, CA