$3,295,000 - 4186 Elm Avenue, Long Beach

  • 0Beds
  • Baths
  • 0SQ. Feet
  • 0Acres

4186 Elm Avenue, a unique opportunity for a purchaser to own an uncommon asset located in the Bixby Knolls neighborhood of Long Beach.As upgrades have resulted in a large increase in income, a new investor can follow this strategy to continue adding value, raise revenue and improve operating efficiency.Property Description: 14 Units Built-in 1929 Thirteen Studio Units, One 2 Bedroom + 2 Bathroom Unit 5,041 Gross Square Feet 5.64% Current Cap Rate, 12.84 Current GRM 10,623 Square Foot Lot 6 Garages Mastered Metered for Electricity & Gas Every Unit Fully Renovated On-site Laundry

Sales Agent

Sam SmithBeach Cities Real EstatePhone: 562-355-8228 Cell: 562-355-8228 Contact Agent Now

Essential Information

  • MLS® #:20548030
  • Price:$3,295,000
  • Bathrooms:0.00
  • Acres:0.00
  • Year Built:1929
  • Type:Residential Income
  • Status:Active

Community Information

  • Address:4186 Elm Avenue
  • Area:Bixby, Bixby Knolls, Los Cerritos (6)
  • City:Long Beach
  • County:Los Angeles
  • State:CA
  • Zip Code:90807

Interior

  • # of Stories:2

Additional Information

  • Date Listed:January 17th, 2020
  • Days on Market:71
  • Zoning:LBCNR

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Provided By: David Harrington(01320460), Matthews Real Estate Investment Services.

Based on information from California Regional Multiple Listing Service, Inc. as of March 30th, 2020 at 8:58am CDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.