3430 Elm Avenue, Long Beach, CA 90807
- $8,750,000
- $154
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
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Address: 3430 Elm Avenue
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City: Long Beach
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State/county: CA
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Zip/Postal Code: 90807
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Area: 6 - Bixby, Bixby Knolls, Los Cerritos
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Country: United States
Details
Updated on July 14, 2024 at 7:36 am-
Property ID SGR-33262350
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Price $8,750,000
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Land Area 28114.00 m²
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Year Built 1964
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Property Type Commercial Sale
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Property Status For Sale
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Living Area 56690.00
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MLS# OC24133197
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Office Name REALTY ONE GROUP WEST
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Agent Name Maty Guiza
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MLS Status Active
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Living Area Prefix Sqft
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Agent State License 01936056
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IDX Contact Info 949-302-6990
Additional details
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Roof Composition
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Cooling Wall/Window Unit(s)
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Heating Wall Furnace
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Tax Annual 22992.00
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Tax Year 2023
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County Los Angeles
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Property SubType Multi Family
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Parking 24.00
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Water Source Public
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