Long Beach, CA 90802 625 Elm Avenue
$3,200,000
Pending
21 more
Presented By: Kristie Pabst with Pabst, Kinney & Associates; 562-547-2668
Beds • 1
Baths • 12
SQFT • 8,710
Garage • 2
Year Built • 1948
Home Details
Substantial Reduction in Price--625 Elm Avenue is a 21-unit multifamily investment opportunity located in Long Beach, CA. The property offers 20 studios, and 1 one-bedroom unit, with amenities including gates access, security doors, and one double car garage. This investment property is situated in the fantastic Downtown Long Beach location, surrounded by an abundance of retail, dining, and entertainment options, as well as many employers in the high-rise office buildings. Additionally, the property's close proximity to Interstate 710 provides convenient access to the Port of Long Beach and the Port of Los Angeles, two of the busiest ports in the world and a major employment hub for the region. Furthermore, 625 Elm Avenue is within close proximity of all three levels of education.
Presented By: Kristie Pabst with Pabst, Kinney & Associates; 562-547-2668
Interior Features for 625 Elm Avenue
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringCarpet, Vinyl
Heating Y/NYes
Laundry FeaturesCommonArea
Total Stories2
Other Rooms
Entry Level1
General for 625 Elm Avenue
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityLong Beach
Community FeaturesStreetLights, Sidewalks, Urban
Construction MaterialsStucco
ContingencyNone
CoolingNone
CountyLos Angeles
Current FinancingNone
DirectionsProceed west on 3rd Street to Elm Avenue then turn right on Elm Avenue to subject property
ElectricElectricityOnProperty
Electric Expense0.0
Electric On Property Y/NNo
Entry Location1
Fuel Expense0.0
Garage Spaces2.0
Garage Y/NYes
Gross Income25575.0
HOANo
HOA Fee$0.0
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense0.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashToNewLoan
Lot Size Square Feet7503.0
Lot Size UnitsSquareFeet
MLS Area4 - Downtown Area, Alamitos Beach
MaintenanceExpense0.0
MobileHomeRemainsYNNo
Net Operating Income178644.0
New ConstructionNo
Number Of Units Total21
Operating Expense119049.0
Pool FeaturesNone
PossessionCloseOfEscrow
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Security FeaturesCarbonMonoxideDetectors, SmokeDetectors
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusPending
StatusPending
Stories2
Subdivision NameDowntown (DT)
Tax Lot15
Taxes$0
Tenant PaysCableTv, Electricity, Gas
Trash Expense0.0
UtilitiesElectricityConnected, NaturalGasConnected, SewerConnected
Water Sewer Expense0.0
Waterfront Y/NNo
Year Built1948
Year Built SourceAssessor
ZoningLBPD30
Exterior for 625 Elm Avenue
Building Area Total8710.0
Crops Included Y/NNo
FencingAverageCondition
Foundation DetailsSeeRemarks
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesNearPublicTransit
Lot Size Acres0.1722
Lot Size Area7503.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters22
Number of Separate Gas Meters22
Number of Separate Water Meters1
Open Parking Y/NNo
Pool Charge0.0
Private PoolNo
SpaNo
Total Parking2.0
Water SourcePublic
Additional Details
Price History
