$8,750,000
Active Under Contract
48 Days Online
0 Beds0 Baths56,690 SQFT
Active Under Contract

3430 Elm Avenue Long Beach, CA 90807

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Discover an exceptional investment opportunity in Bixby with this well-maintained multi-family residential income portfolio. This portfolio presents an attractive opportunity consisting of 28 2-bedroom units, each offering 1.5 or 1.75 baths. Building 1: 3430 ELM AVENUE 14 units all 2 bedrooms and 1.5 bath Building 2: 3440 ELM AVENUE: 14 units all 2 bedrooms and 1.75 bath **Key Features:** - **Location:** Conveniently situated close to freeways and downtown Bixby, providing easy access to amenities and commuter routes. Atlantic and Wardlow, 405 Highway, Metrolink, Public Transportation available. Close to hospitals, retail shopping centers, and parks. - **Unit Configuration:** All units are spacious 2-bedroom layouts, designed to appeal to a wide range of tenants seeking comfort and convenience. Units can be renovated to generate higher market rent. - **Maintenance:** Well-maintained buildings with recent updates. New Boiler in 3430, Resident Manager on-site. - **Community Amenities:** Nearby parks, shopping, dining, and entertainment options enhance tenant satisfaction and attract potential renters. - **Parcel Details:** Comprising two separate parcels sold as one portfolio, providing flexibility and potential for future development or management strategies.

  • Property TypeMulti-Family
  • NeighborhoodN/A
  • CountyLos Angeles
  • Taxes$22,992
  • HOA/Condo/Coop Fees$0
  • Days on Site47 Days
  • MLS StatusActive Under Contract
  • MLS ID NumberOC24133197
  • Home Size Source See Remarks
  • Year Built1964
  • Lot Size0.6454 Acres
  • Full BathsN/A
  • Partial BathsN/A

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General Features

  • Construction ConcreteStucco
  • Parking Spaces 24
  • Number of Stories 2
  • Acreage 0.6454
  • Water Public
  • Security Gated CommunityResident ManagerSmoke Detector(s)
  • Property Sub Type Multi Family
  • Utilities Electricity ConnectedNatural Gas ConnectedPhone AvailableSewer ConnectedWater Connected
  • Zoning LB4RN

Interior Features

  • Cooling Wall/ Window Unit(s)
  • Heating Wall Furnace
  • Laundry Features Common Area

Exterior Features

  • Roof Composition
  • Fencing Security
  • Lot 2-5 Units/ AcreNear Public Transit

Community Features

  • MLS Area 6 - Bixby, Bixby Knolls, Los Cerritos
  • Security Features Gated CommunityResident ManagerSmoke Detector(s)

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Monthly Payment (Est.)

$42,510
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