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.
Sold for $2,549,000 on 04/25/25
$2,549,000
1470 Elm Ave, Long Beach, CA 90813
19beds
10baths
6,678sqft
Multi Family
Built in 1959
-- sqft lot
$2,499,900 Zestimate®
$382/sqft
$2,215 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: April 27, 2025 at 02:31am
Listed by:
Jonathan Swire DRE # 01336277 310-948-2631,
The Agency 424-230-3700
Bought with:
Jonathan Swire, DRE # 01336277
The Agency
Source: CLAW,MLS#: 25-484395
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 19
- Bathrooms: 10
Heating
- Wall
Cooling
- None
Interior area
- Total structure area: 6,678
- Total interior livable area: 6,678 sqft
Property
Parking
- Total spaces: 8
- Parking features: Assigned
- Uncovered spaces: 8
Features
- Levels: Two
- Stories: 2
Lot
- Size: 7,596 sqft
- Dimensions: 40 x 190
Details
- Additional structures: None
- Zoning: LBR3S
- Special conditions: Standard
- Other equipment: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1959
Community & neighborhood
Location
- Region: Long Beach
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Estimated market value
$2,499,900