NOT LISTED FOR SALE

1445 Elm Ave Long Beach, CA 90813

Central Neighborhood
6 Beds
7 Baths
4,680 Sq Ft
7,476 Sq Ft Lot

Last Sold September 29, 2021

Last sale price $1,565,000 $334 Per Sq Ft

1 Day on Market

Highlights

  • Level Lot
  • Long Beach Polytechnic High School Rated A
  • 4-minute walk to Peace Park

About This Home

As of September 2021

Great investment opportunity to own a seven unit apartment community in a strong Long Beach rental market. There is lots of potential in future rent increases. Bring your tool box and creativity to do some TLC!!! A good candidate for the California ADU additions subject to the current California ADU Laws!!!

Last Agent to Sell the Property

Ahmad Bdeiwi

Matteh Realty Group Inc License #01760479 Listed on: 08/06/2021

Co-Listed By

Robert Stepp

Keller Williams Realty Downey License #01456379

Last Buyer's Agent

John Alden

Alden Pacific Investments, Inc. License #02114291

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1905

Lot Details

  • 7,476 Sq Ft Lot
  • No Common Walls
  • Level Lot

Home Design

  • 4,680 Sq Ft Home

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 7 Bathrooms

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 9
  • Tax Tract Number 5753
  • Assessor Parcel Number 7269026021

Community Details

Overview

  • 4 Buildings
  • 7 Units

Building Details

  • Rent Control
  • 8 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $3,763
  • Professional Management Expense $3,114
  • Operating Expense $28,972
  • Gross Income $103,800
  • Net Operating Income $74,828

Property Details

Home Type

Apartment

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Professional Management Expense: 3114.00
  • Property Attached: No
  • Subdivision Name Other: ENO & VARNEY
  • Property Type: Residential Income
  • Parcel Number: 7269026021
  • Year Built: 1905
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 334.40

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 7476.00
  • Lot Size Acres: 0.1716

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 103800.00
  • Gross Scheduled Income: 103800.00
  • Insurance Expense: 3763.00
  • Lot Size Area: 7476.0000 Square Feet
  • Net Operating Income: 74828.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 7
  • Operating Expense: 28972.00
  • Rent Control: Yes
  • Total Expenses: 28972.00

Tax Info

  • Tax Lot: 9
  • Tax Tract Number: 5753.0

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/29/2021 09/29/21 Sold $1,565,000 -3.7% $334 / Sq Ft
08/07/2021 08/07/21 Pending -- -- --
08/06/2021 08/06/21 For Sale $1,625,000 +47.7% $347 / Sq Ft
03/16/2016 03/16/16 Sold $1,100,000 -4.3% $235 / Sq Ft View Prior Sale
12/08/2015 12/08/15 Pending -- -- --
11/24/2015 11/24/15 For Sale $1,149,000 -- $246 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Ahmad Bdeiwi

    Seller's Agent in 2021

    Ahmad Bdeiwi

    Matteh Realty Group Inc

    (714) 684-6218

    2 in this area

    8 Total Sales

    Ahmad Bdeiwi
    Section Image
  • Robert Stepp

    Seller Co-Listing Agent in 2021

    Robert Stepp

    Keller Williams Realty Downey

    (310) 463-2916

    2 in this area

    76 Total Sales

    Robert Stepp
    Section Image

  • J

    Buyer's Agent in 2021

    John Alden

    Alden Pacific Investments, Inc.

    Section Image
  • Spencer Pabst

    Seller's Agent in 2016

    Spencer Pabst

    Pabst, Kinney & Associates

    (562) 884-6875

    52 Total Sales

    Spencer Pabst
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21174055

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90813 Central

1445 Elm Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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