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1470 Elm AVE Long Beach, CA 90813
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Key Details
Sold Price $2,549,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,678 sqft
Price per Sqft $381
MLS Listing ID 25484395
Sold Date 04/25/25
Bedrooms 19
HOA Y/N No
Year Built 1959
Lot Size 7,596 Sqft
Property Description
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.
Location
State CA
County Los Angeles
Area 9 - Poly High
Zoning LBR3S
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Parking Features Assigned
Total Parking Spaces 8
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7269025009
Special Listing Condition Standard
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Bought with Jonathan Swire • The Agency