1430 Elm Avenue, Long Beach, CA 90813

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Propiedad de renta Activa

1430 Elm Avenue

$3,075,000

Descripción general

ID de la propiedad: HZ26864283

14
Habitaciones

14
Baños

9690
Sq Ft

1930
Año de construcción

Descripción

$100,000 Price Reduction | Actual 6.48% Cap Rate | This 14-unit apartment building is located in an established residential neighborhood in Long Beach. Built in 1930, the property showcases classic Spanish style architecture, with a consistent unit mix of 14 one-bedroom, one-bathroom apartments averaging 692 square feet each. The property features a sun deck, patio areas and anapproximate 3,500 square feet landscaped backyard with artificial turf and mature trees. This space offers excellent development optionality, allowing buyers to streamline expansion via Long Beach’s Pre Approved ADU Plans Program (AB 1332) or leverage recent state legislation (SB 1211) for additional density upside, subject to city approval. Combined with gated semi-subterranean parking and recent infrastructure updates including new windows and updated water heaters the property delivers stable in-place performance alongside a clear pathway to future value-add development.