3430 Elm AVE Active Save Request In-Person Tour Request Virtual Tour
Long Beach,CA 90807
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 56,690 sqft
Price per Sqft $154
MLS Listing ID OC24133197
HOA Y/N No
Year Built 1964
Annual Tax Amount $22,992
Tax Year 2023
Lot Size 0.645 Acres
Acres 0.6454
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 Unit(s)
Laundry Common Area
Exterior
Fence Security
Utilities Available Electricity Connected,Natural Gas Connected,Phone Available,Sewer Connected,Water Connected
Roof Type Composition
Building
Lot Description 2-5 Units/Acre,Near Public Transit
Story 2
Water Public
Others
Security Features Gated Community,Resident Manager,Smoke Detector(s)
Acceptable Financing None
Listing Terms None
Financing None
Special Listing Condition Trust
Lease Land No
Confidential INFO
TERMS Cash,Conventional,Submit
LIST AGRMT Exclusive Right To Sell
LIST SERVICE Full Service
SHOW CONTACT TYPE Agent
SHOW INSTRUCTIONS Please contact: Maty Guiza, listing agent, for all showings. Prior to showing provide Confidentiality Agreement NDA and Proof of Funds, Approval Letter. Buyer to verify all.