1430 Elm Avenue, Long Beach, CA 90813
- $3,175,000
- 14
- BD
- 14
- BA
- 9,690
- SqFt
- List Price
- $3,175,000
- Status
- ACTIVE
- MLS#
- 26864283
- Year Built
- 1930
- Bedrooms
- 14
- Bathrooms
- 14
- Living Sq. Ft
- 9,690
- Lot Size
- 13,285
- Acres
- 0.31
- Days on Market
- 6
- Property Type
- Multifamily
- Stories
- Two Levels
Property Description
This 14-unit apartment building is located in an established residential neighborhood in Long Beach. Built in 1930, the property showcases classic Spanish style architecture, with a consistent unit mix of 14 one-bedroom, one-bathroom apartments averaging 692 square feet each. The property features a sun deck, patio areas and anapproximate 3,500 square feet landscaped backyard with artificial turf and mature trees. This space offers excellent development optionality, allowing buyers to streamline expansion via Long Beach's Pre Approved ADU Plans Program (AB 1332) or leverage recent state legislation (SB 1211) for additional density upside, subject to city approval. Combined with gated semi-subterranean parking and recent infrastructure updates including new windows and updated water heaters the property delivers stable in-place performance alongside a clear pathway to future value-add development.
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Additional Information
- Heat
- Wall Furnace
- Attached Structure
- Detached
- Number Of Units Total
- 14
Listing courtesy of Listing Agent: Steffan Braunlich (steffan.braunlich@berkadia.com) from Listing Office: Berkadia.
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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.