1470 Elm Avenue

Long Beach, CA 90813

$2,549,000

List Price

19

bed Beds

10

shower Baths

6,678 sqft

straighten / sqft

1959

calendar_month Built

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.

Listing Information

List Price $2,549,000
Status Active
MLS 25484395
Type Residential Income
Year Built 1959
Lot Size 7,596
Structure Size 6,678
Courtesy Of The Agency
Listing Agent Jonathan Swire DRE#01336277

Interior Features

Total Bedroom
Bedrooms 19
Total Bathroom
Bathrooms 10
Cooling Type
Cooling Type None

Exterior Information

Maps

Listing information courtesy of: Jonathan Swire, The Agency 310-948-2631. *Based on information from the Association of REALTORS/Multiple Listing as of Jan 16th, 2025 at 11:52 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.