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For Sale

$749,000

3,912 sqft$191/sqft163 days on market

1403 Elm AVE

Long Beach, CA 90813

· 8% down, 7% APR, 30yr fixed

—

Beds

—

Baths

3,912

Square feet

1911

Built

Listing narrative

Description

1403 and 1405 Elm Avenue offer an occupied duplex with a combined total of 5 bedrooms and 3 bathrooms, providing immediate income potential in an established Long Beach neighborhood. The property is available for purchase on its own, but what makes this offering particularly interesting is the opportunity to acquire additional properties from the same owner just down the street. 1425 and 1429 Elm Avenue are also for sale and are being offered together as a separate transaction. Those properties are currently leased and occupied by the Long Beach Unified School District. Buyers may purchase 1403/1405 independently or acquire all three offerings, creating a larger assemblage with more than 27,000 square feet of combined lot area—well over half an acre in Long Beach. Putting together multiple properties in the same location can take years, making the availability of these properties at the same time a unique opportunity. Whether purchased as an income-producing duplex or combined with 1425/1429 Elm Avenue for a larger future development plan, 1403/1405 offers flexibility for both investors and developers. Buyer to verify zoning, development possibilities, parcel configurations, square footage, lease information, and all intended uses with the City of Long Beach. See private remarks for additional information regarding the other properties available for purchase.

Listing agent (MLS): Amy Brick · Listing brokerage (MLS): Brick & Co Real Estate

Property Details

Key facts from the live listing feed are grouped here for quick review. Only fields confirmed by the active source are shown.

Price

$749,000

Beds

Beds n/a

Type

Multi-Family

Home Size

3,912 sqft

Baths

Baths n/a

Lot Size

3,912 sqft

Year

1911

Neighborhood

Poly High

Status

For Sale

Days on Market

163

$ / Sqft

$191

· 8% down, 7% APR, 30yr fixed
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Courtesy of Brick & Co Real Estate