$5,700,000 - 319 Elm Avenue, Long Beach

  • 0Beds
  • Baths
  • 11,838SQ. Feet
  • 0.17Acres

We are pleased to present a 24-unit multifamily community located in the thriving East Village area of Downtown. Built in 1912, the property has approximately 11,838 rentable square feet and a lot size of 7,531 square feet. Downtown Long Beach is experiencing significant redevelopment and the subject property is situated at the center of the revitalization. The Area is considered the epicenter of the local arts and cultural scene in the city. This area is the hub of tourism, business and transit that is Downtown Long Beach. Long Beach continues to progress and currently there is $2.2 billion of new construction underway. An example of this large scale redevelopment is the Long Beach Civic Center, which is estimated to be completed early 2019. The Civic Center will include a new city hall and the Port of Long Beach headquarters, as well as multifamily residential units. Long Beach sustains its ability to attract renters due to its strong economy and high quality of life. This is a rare opportunity to acquire a quality, pride-of ownership asset in this outstanding rental market and would make a great addition to any investors portfolio.

Sales Agent

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

Essential Information

  • MLS® #:PW19005891
  • Price:$5,700,000
  • Bathrooms:0.00
  • Square Footage:11,838
  • Acres:0.17
  • Year Built:1912
  • Type:Residential Income
  • Status:Closed

Community Information

  • Address:319 Elm Avenue
  • Area:Wrigley Area (5)
  • City:Long Beach
  • County:Los Angeles
  • State:CA
  • Zip Code:90802

Interior

  • # of Stories:3
  • Stories:Three Or More Levels

Exterior

  • Lot Description:21-25 Units/Acre

Additional Information

  • Date Listed:January 8th, 2019
  • Days on Market:76
  • Zoning:LBPD30

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Provided By: Kevin King(01158184), Marcus & Millichap.

Based on information from California Regional Multiple Listing Service, Inc. as of May 19th, 2019 at 6:17pm 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.