$1,070,000
SOLD APR 15, 2013

1470 Elm Ave Long Beach, CA 90813

Central Neighborhood
4 Beds
2 Baths
6,072 Sq Ft
7,594 Sq Ft Lot

Recently Sold

$176 Per Sq Ft

14% Below List Price

99 Days on Market

Highlights

  • Carpet
  • Heating System Uses Natural Gas
  • 4-minute walk to Peace Park
  • Long Beach Polytechnic High School Rated A

About This Home

As of April 2025

10 units all Two bedrooms. Building has been painted,several units now have new kitchen counters and sinks, new carpet and paint. all units have tilte floors in kitchen and living room. Some new windows installed. All separarley metered for Gas and electric. Brand new water heater for building. Leased Laundry on site bringing in extra income. Gated parking 8 in back 2 in front with garage. Great area close to Blue line, shopping, and poly high. Owners will look at all offers. This property is back on market pending the cancellation of current escrow. Drive by only please

Last Agent to Sell the Property

Salvatore Miano

Coldwell Banker Coastal Alliance License #01427894 Listed on: 10/21/2012

Last Buyer's Agent

Timothy Lewis

Elliot Lewis, Broker License #01877026

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 7,594 Sq Ft Lot
  • Lot Dimensions are 40x190

Parking

  • 10 Parking Spaces

Home Design

  • Flat Tile Roof
  • Stucco

Interior Spaces

  • 6,072 Sq Ft Home
  • Carpet
  • Leased Washer and Dryer

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace

Listing and Financial Details

  • Legal Lot and Block 2 / 2
  • Assessor Parcel Number 7269025009

Community Details

Overview

  • 10 Units

Building Details

  • 10 Separate Electric Meters
  • 10 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $500
  • Pest Control $900
  • Professional Management Expense $6,960
  • Trash Expense $460
  • Water Sewer Expense $4,225
  • Gross Income $9,750
  • Net Operating Income $94,350

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 8.20
  • Professional Management Expense: 6960.00
  • View: No
  • Water Sewer Expenses: 4225.00
  • Property Type: Residential Income
  • Parcel Number: 7269025009
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Flooring: Carpet
  • Appliances: No
  • Levels: Two
  • Price Per Square Foot: 176.22

Exterior Features

  • Pool Private: No
  • Roof: Flat Tile
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 10.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Natural Gas, Wall Furnace
  • Pest Control Expense: 900.00
  • Trash Expense: 460.00

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size: 40x190
  • Lot Size Sq Ft: 7594.00
  • Lot Size Acres: 0.1740

Multi Family

  • Electric Expense: 500.00
  • Gross Income: 9750.00
  • Gross Multiplier: 9.83
  • Gross Scheduled Income: 117000.00
  • Laundry Equipment Own Lease: Lease
  • Net Operating Income: 94350.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 10
  • Number With Carpet: 10
  • Number With Disposal: 10
  • Operating Expense: 19140.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Area: 11933
  • Tax Block: 2
  • Tax Lot: 2

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: California Regional Multiple Listing Service (CRMLS)

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: California Regional Multiple Listing Service (CRMLS)

MLS Number: P838787

California Regional Multiple Listing Service (CRMLS)

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 $1,070,000, approximately $176 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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