Long Beach, CA 90813 1470 Elm Avenue
$2,549,000
8 more
Presented By: Jonathan Swire with The Agency;
Beds • 19
Baths • 10
SQFT • 6,678
Year Built • 1959
Home Details
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.
Presented By: Jonathan Swire with The Agency;
Interior Features for 1470 Elm Avenue
Bedrooms
Total Bedrooms19
Bathrooms
Half Baths0
Total Baths10
1/4 Baths
3/4 Baths
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NYes
LivingAreaSourceAssessor
Total Stories2
General for 1470 Elm Avenue
Additional Parcels Y/NNo
Attached Garage No
Cap Rate6.3
Carport Y/NNo
CityLong Beach
CoolingNone
CountyLos Angeles
Directions10 units in Long Beach.
Electric On Property Y/NNo
Full Baths
Garage Y/NNo
Gross Income250000.0
HOANo
HeatingWallFurnace
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet7596.0
Lot Size UnitsSquareFeet
MLS Area9 - Poly High
MobileHomeRemainsYNNo
Net Operating Income160000.0
New ConstructionNo
Number Of Units Total8
Open Parking Spaces8.0
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Waterfront Y/NNo
Year Built1959
ZoningLBR3S
Exterior for 1470 Elm Avenue
Building Area Total6678.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions40x190
Lot Size Acres0.1744
Lot Size Area7596.0
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesAssigned
Private PoolNo
SpaNo
Total Parking8.0
Additional Details
Price History
Keegan Cin
Team Lead
