3430 Elm AVE new Save Request In-Person Tour Request Virtual Tour
Long Beach,CA 90807
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Bixby Knolls (Bk)
MLS Listing ID OC25219794
HOA Y/N No
Year Built 1964
Annual Tax Amount $22,992
Tax Year 2023
Lot Size 0.645 Acres
Lot Dimensions Assessor
Property Sub-Type Mixed Use
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.
Location
State CA
County Los Angeles
Area 6 - Bixby, Bixby Knolls, Los Cerritos
Zoning LB4RN
Interior
Heating Wall Furnace
Cooling None
Flooring Carpet,Laminate,Tile,Vinyl
Fireplace No
Appliance Electric Range,Gas Range
Laundry Common Area,Laundry Room
Exterior
Parking Features Attached Carport,Assigned,Garage
Garage Spaces 7.0
Carport Spaces 12
Garage Description 7.0
Fence Block,Fair Condition,Security
Pool Community
Community Features Street Lights,Sidewalks,Gated,Pool
Utilities Available Electricity Connected,Natural Gas Connected,Phone Available,Sewer Connected,Water Connected
View Y/N No
View None
Roof Type Composition
Total Parking Spaces 25
Private Pool No
Building
Lot Description 2-5 Units/Acre,Near Public Transit
Story 2
Entry Level Two
Foundation Raised,Slab
Sewer Public Sewer
Water Public
Architectural Style Mid-Century Modern
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7145011012
Security Features Gated Community,Resident Manager,Smoke Detector(s)
Acceptable Financing Cash,Conventional,Submit
Listing Terms Cash,Conventional,Submit
Special Listing Condition Trust