3430 Elm Avenue, Long Beach, CA 90807
- $6,925,000
- Sold Price
- $6,925,000
- List Price
- $7,440,000
- Closing Date
- Feb 04, 2026
- Status
- CLOSED
- MLS#
- OC25219794
- Year Built
- 1964
- Lot Size
- 28,114
- Acres
- 0.65
- Lot Location
- 2-5 Units/Acre, Near Public Transit
- Days on Market
- 76
- Property Type
- Multifamily
- Style
- Mid-Century Modern
- Property Sub Type
- Mixed Use
- Stories
- Two Levels
- Neighborhood
- Bixby Knolls (Bk)
Property Description
Back on the Market: This is a great opportunity for a buyer who can perform! There is only UPSIDE HERE! New Electrical on both buildings! Completed balcony inspections, upgrades throughout the large all 2 bed units! Do your own diligence! Under new management and priced to sell! Maintenance includes roof repairs 3430 and any necessary repairs to 3440. Discover an exceptional investment opportunity in Bixby with this well-maintained multi-family residential income portfolio. This portfolio presents an attractive opportunity consisting of 28 2-bedroom units, each offering 1.5 or 1.75 baths. Building 1: 3430 ELM AVENUE 12 units 2 bedrooms and 1.5 bath- Unit 5 and 12 are 2 bedrooms, 1 bath. Building 2: 3440 ELM AVENUE: 14 units all 2 bedrooms and 1.75 bath **Key Features:** - **Location:** Conveniently situated close to freeways and downtown Bixby, providing easy access to amenities and commuter routes. Atlantic and Wardlow, 405 Highway, Metrolink, and public transportation are available. They are close to hospitals, retail shopping centers, and parks. - **Unit Configuration:** All units are spacious 2-bedroom layouts, designed to appeal to a wide range of tenants seeking comfort and convenience. Units can be renovated to generate higher market rent. - **Maintenance:** Well-maintained buildings with recent updates. New Boiler in 3430, Resident Manager on-site. Newly updated units. - **Community Amenities:** Nearby parks, shopping, dining, and entertainment options enhance tenant satisfaction and attract potential renters. - **Parcel Details:** Comprising two separate parcels sold as one portfolio, providing flexibility and potential for future development or management strategies.
Additional Information
- Taxes
- $22,992
- Appliances
- Electric Range, Gas Range
- Pool Description
- Community
- Heat
- Wall Furnace
- Cooling Description
- None
- View
- None
- Exterior Construction
- Drywall, Concrete, Stucco
- Roof
- Composition
- Garage Spaces Total
- 7
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 27
- Gross Scheduled Income
- $574,416
- Operating Expense
- 285000
Listing courtesy of Listing Agent: Maty Guiza (matyguizarealestate@gmail.com) from Listing Office: Realty One Group West.
Listing sold by Bret Lewis from Bret Lewis, Broker
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . 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.