$1,849,000
$51K PRICE DROP

Estimated payment $11,972/month

Total Views 2,246
6 Beds
7 Baths
4,680 Sq Ft
$395 Price per Sq Ft

Highlights

  • Ceiling Fan
  • Long Beach Polytechnic High School Rated A
  • 4-minute walk to Peace Park

About This Home

1445 Elm is a seven-unit investment opportunity located in Long Beach, California. The property consists of four separate structures on a 7,476 square foot lot. Built in 1905, it includes (2) studios, (1) two-bedroom one-bath unit, and (4) one-bedroom one-bath units. The asset is well-managed, with most units at or near market rent. New ownership has the opportunity to capture remaining loss to lease and benefit from a stable, cash-flowing investment. 1445 Elm is conveniently located just a 5-minute walk from the Metro A Line Anaheim Street station and a short drive to the East Village Arts District and the Pacific shoreline. Within a one-mile radius are two of Long Beach's largest employers St. Mary Medical Center and Long Beach City College. Long Beach continues to be a high-growth residential area, with approximately 1,100 units currently in the construction pipeline, representing a 1.8%increase in total housing inventory upon completion. In the past 12 months, the submarket has seen the delivery of approximately 280 net new units.

Listing Agent

Douglas Steinriede

Dover Management Corp. License #00284936 Listed on: 06/23/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1905

Lot Details

  • 7,476 Sq Ft Lot
  • Lot Dimensions are 50x150

Parking

  • 2 Parking Spaces

Interior Spaces

  • 4,680 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 7 Bathrooms

Utilities

  • Heating System Mounted To A Wall or Window

Community Details

  • 4 Buildings
  • 7 Units

Listing and Financial Details

  • Assessor Parcel Number 7269-026-021

Property Details

Home Type

Multi-Family

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 4680
  • Lot Acreage: 0.1716
  • Lot Dimensions: 50x150
  • Stories: 2
  • Year Built: 1905
  • Number Of Photos: 10
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 6
  • Total Bathrooms: 7.00
  • Price Per S Q F T: 395.09

Exterior Features

  • Other Structures: None

Garage/Parking

  • Total Parking: 2

Utilities

  • Cooling: Ceiling Fan
  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 48.88
  • Assessed Improvement Value: 795906
  • Assessed Land Percent: 51.12
  • Assessed Land Value: 832320
  • Total Assessed Value: 1628226
  • Assessor Parcel Number: 7269-026-021
  • Lot Size Area: 7476

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 14.34
  • Number Of Units: 7
  • Total Annual Expense: 39641
  • Type Of Units: Multifamily
  • Vacancy Rate: 0

Map

Range of Values:

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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 Change Sq Ft Price
07/07/2025 07/07/25 Price Changed $1,849,000 -2.7% $395 / Sq Ft
06/23/2025 06/23/25 For Sale $1,900,000 +21.4% $406 / Sq Ft
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
12/08/2015 12/08/15 Pending -- -- --
11/24/2015 11/24/15 For Sale $1,149,000 -- $246 / Sq Ft
Source: The MLS

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Source: The MLS

MLS Number: 25556147

The MLS