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3430 Elm Avenue, Long Beach, CA 90807
Priced at Only: $8,750,000
For more Information Call Mobile: 714.478.6676
Address: 3430 Elm Avenue, Long Beach, CA 90807
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  • MLS#: OC24133197 ( Multi Family )
  • Street Address: 3430 Elm Avenue
  • Viewed: 11
  • Price: $8,750,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1964
  • Bldg sqft: 0
  • Days On Market: 180
  • Additional Information
  • County: LOS ANGELES
  • City: Long Beach
  • Zipcode: 90807
  • Provided by: Realty One Group West
  • Contact: Maty Maty
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Back on the Market: This is a great opportunity for a buyer who can perform! There is only UPSIDE HERE! 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, and public transportation are available. They are 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. Newly updated units. **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.
Features
Accountingtype
  1. Actual
Additional Parcels Description
  1. 7145011013
Assetclass
  1. Multi-Family
Building Area Total
  1. 56690.00
Commoninterest
  1. None
Construction Materials
  1. Concrete
  2. Drywall Walls
  3. Stucco
Cooling
  1. Wall/Window Unit(s)
Country
  1. US
Current Financing
  1. None
Current Use
  1. Residential
Current Use Comments
  1. Rental
Electric
  1. Standard
Electric Expense
  1. 6758.00
Expense Year
  1. 2023
Fencing
  1. Security
Heating
  1. Wall Furnace
Insurance Expense
  1. 20800.00
Land Use
  1. Multi-Family
Laundry Equipment Own Lease
  1. Lease
Laundry Features
  1. Common Area
Laundry Income
  1. 4841.00
Netoperatingincome
  1. 319325.00
Parcel Number
  1. 7145011012
Parking Ratio
  1. 0.90
Postalcodeplus4
  1. 4446
Professionalmanagementexpense
  1. 29416.00
Property Type
  1. Multi Family
Residentmanagerexpense
  1. 20340.00
Roof
  1. Composition
Security Features
  1. Gated Community
  2. Resident Manager
  3. Smoke Detector(s)
Suppliesexpense
  1. 1662.00
Totalexpenses
  1. 248074.00
Trash Expense
  1. 18443.00
Utilities
  1. Electricity Connected
  2. Natural Gas Connected
  3. Phone Available
  4. Sewer Connected
  5. Water Connected
Views
  1. 11
Water Sewer Expense
  1. 17117.00
Water Source
  1. Public
Year Built
  1. 1964
Zoning
  1. LB4RN
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Mobile: 714.478.6676
  5. Fax: 714.975.9953
  6. salesbyxavier@gmail.com
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