$2,549,000
$2,549,000
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1470 Elm Ave Long Beach, CA 90813
19 Beds
10 Baths
6,678 SqFt
Key Details
Sold Price $2,549,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,678 sqft
Price per Sqft $381
MLS Listing ID 25-484395
Sold Date 04/25/25
Bedrooms 19
Year Built 1959
Lot Size 7,596 Sqft
Acres 0.1744
Property Sub-Type Multi-Family
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 Poly High
Zoning LBR3S
Rooms
Other Rooms None
Interior
Heating Wall
Cooling None
Equipment None
Exterior
Parking Features Assigned
Garage Spaces 8.0
Building
Story 2
Level or Stories Two
Others
Special Listing Condition Standard
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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Bought with The Agency