CA > Long Beach
Long Beach, CA 90807,3430 Elm Avenue
Long Beach, CA 90807,3430 Elm Avenue
Long Beach, CA 90807,3430 Elm Avenue
Additional details
Paul Ward

Paul Ward

+1(805) 479-5004
Listed by Maty Guiza • Realty One Group West
$8,750,000
Est. payment /mo
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UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC-24133197

Year Built 1964

Annual Tax Amount $22,992

Tax Year 2023

Property Sub-Type Multi Family

Property 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.

Location

State CA

County Los Angeles

Area 6 - Bixby, Bixby Knolls, Los Cerritos

Zoning LB4RN

Interior

Heating Wall Furnace

Cooling Wall/Window Units

Laundry Laundry Equipment Own Lease, Common Area

Exterior

Utilities Available Sewer Connected, Electricity Connected, Natural Gas Connected, Phone Available

Building

Lot Description Near Public Transit, 2-5 Units/Acre

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agent

Paul Ward

+1(805) 479-5004

Broker Associate | License ID: 01354001

Broker Associate License ID: 01354001

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