3430 Elm Avenue, Long Beach, CA 90807

  • $8,750,000
  • $154
3430 Elm Avenue, Long Beach, CA 90807
For Sale
3430 Elm Avenue, Long Beach, CA 90807
  • $8,750,000
  • $154

Overview

Property ID: SGR-33262350
  • Commercial Sale
  • Property Type
  • 1964
  • Year Built

Description

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.

  • Address 3430 Elm Avenue
  • City Long Beach
  • State/county CA
  • Zip/Postal Code 90807
  • Area 6 - Bixby, Bixby Knolls, Los Cerritos
  • Country United States

Details

Updated on July 14, 2024 at 7:36 am
  • Property ID: SGR-33262350
  • Price: $8,750,000
  • Land Area: 28114.00 m²
  • Year Built: 1964
  • Property Type: Commercial Sale
  • Property Status: For Sale
  • Living Area: 56690.00
  • MLS#: OC24133197
  • Office Name: REALTY ONE GROUP WEST
  • Agent Name: Maty Guiza
  • MLS Status: Active
  • Living Area Prefix: Sqft
  • Agent State License: 01936056
  • IDX Contact Info: 949-302-6990

Additional details

  • Roof: Composition
  • Cooling: Wall/Window Unit(s)
  • Heating: Wall Furnace
  • Tax Annual: 22992.00
  • Tax Year: 2023
  • County: Los Angeles
  • Property SubType: Multi Family
  • Parking: 24.00
  • Water Source: Public

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