$2,549,000
SOLD APR 25, 2025

1470 Elm Ave Long Beach, CA 90813

Central Neighborhood
19 Beds
10 Baths
6,678 Sq Ft
7,596 Sq Ft Lot

Recently Sold

$382 Per Sq Ft

55 Days on Market

About This Home

As of April 2025

PRICED TO SELL - 10.2 GRM AND 6.3% CAP AGAINST IN-PLACE RENTS. 10 units in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI. All 2+1's, 9 of 10 units heavily remodeled with new kitchens, baths and flooring. Over $250K spent on CAP EX since 2020. The property is professionally managed and well-maintained. There is parking in the rear for 8 cars and an onsite laundry room. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND SETUP.

Last Agent to Sell the Property

Jon Swire

The Agency License #01336277 Listed on: 01/16/2025

The Agency

Last Buyer's Agent

Jon Swire

The Agency License #01336277 Listed on: 01/16/2025

The Agency

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 7,596 Sq Ft Lot
  • Lot Dimensions are 40x190

Interior Spaces

  • 6,678 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 19 Bedrooms
  • 10 Bathrooms

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Assigned Parking

Utilities

  • Heating System Mounted To A Wall or Window

Community Details

  • 8 Units

Listing and Financial Details

  • Assessor Parcel Number 7269-025-009

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 6678
  • Lot Acreage: 0.1744
  • Lot Dimensions: 40x190
  • Stories: 2
  • Year Built: 1959
  • Number Of Photos: 13
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 19
  • Total Bathrooms: 10.00
  • Price Per S Q F T: 381.70

Exterior Features

  • Other Structures: None

Garage/Parking

  • Other Spaces: 8
  • Parking Garage: Assigned
  • Total Parking: 8

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 74.74
  • Assessed Improvement Value: 1903157
  • Assessed Land Percent: 25.26
  • Assessed Land Value: 643320
  • Total Assessed Value: 2546477
  • Assessor Parcel Number: 7269-025-009
  • Lot Size Area: 7596

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 10.20
  • Number Of Units: 8
  • Total Annual Expense: 830000
  • Type Of Units: Income
  • Vacancy Rate: 0%

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Range of Values:

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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
04/25/2025 04/25/25 Sold $2,549,000 0.0% $382 / Sq Ft
01/16/2025 01/16/25 For Sale $2,549,000 +7.3% $382 / Sq Ft
01/14/2020 01/14/20 Sold $2,375,000 -3.1% $356 / Sq Ft
11/11/2019 11/11/19 Pending -- -- --
08/29/2019 08/29/19 For Sale $2,450,000 0.0% $367 / Sq Ft
04/20/2018 04/20/18 Rented $1,495 0.0% --
04/17/2018 04/17/18 For Rent $1,495 +3.5% --
02/26/2018 02/26/18 Rented $1,445 0.0% --
02/06/2018 02/06/18 For Rent $1,445 0.0% --
04/15/2013 04/15/13 Sold $1,070,000 -14.4% $176 / Sq Ft
01/28/2013 01/28/13 Pending -- -- --
10/21/2012 10/21/12 For Sale $1,250,000 -- $206 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jon Swire

    Seller's Agent in 2025

    Jon Swire

    The Agency

    (310) 948-2631

    1 in this area

    31 Total Sales

    Jon Swire
    Section Image
  • Robert Stepp

    Seller's Agent in 2020

    Robert Stepp

    Keller Williams Realty Downey

    (310) 463-2916

    2 in this area

    71 Total Sales

    Robert Stepp
    Section Image

  • D

    Seller's Agent in 2018

    Daniel Casado

    Casado Real Estate Inc.

    (562) 316-0077

    15 Total Sales

    Daniel Casado
    Section Image

  • B

    Seller's Agent in 2018

    Beatty Spurr

    Spurr & Associates Inc

    Section Image

  • S

    Seller's Agent in 2013

    Salvatore Miano

    Coldwell Banker Coastal Alliance

  • T

    Buyer's Agent in 2013

    Timothy Lewis

    Elliot Lewis, Broker

    (562) 221-9392

    2 Total Sales

    Timothy Lewis
    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 25-484395

The MLS

California Los Angeles County Long Beach 90813 Central

1470 Elm Ave, Long Beach, CA

This home is located at 1470 Elm Ave, Long Beach, CA 90813 and is currently priced at $2,549,000, approximately $381 per square foot. This property was built in 1959. 1470 Elm Ave is a home located in Los Angeles County with nearby schools including Roosevelt Elementary School, Washington Middle School, and Long Beach Polytechnic High School.

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