1470 Elm Ave Long Beach, CA 90813
Central Neighborhood
2
Beds
1
Bath
6,678
Sq Ft
7,594
Sq Ft Lot
Highlights
- Laundry Room
- 1 Car Garage
- 4-minute walk to Peace Park
- Long Beach Polytechnic High School Rated A
About This Home
As of April 20251470 Elm Avenue is a 10-unit investment asset with all two-bedroom units, located in a rapidly up-and- coming neighorhood near exciting new developments. The building's roof and windows were replaced in the past five years and nine of the ten units have been upgraded with vinyl plank flooring, paint and counter tops. The property also offers parking and controlled access. Offered at a 4.94% cap rate on actual rents, 1470 Elm Avenue provides an attractive opportunity for an investor to own an asset with 12%+/- rent upside potential in a quiet downtown Long Beach-adjacent neighborhood. This area is beginning to benefit from the large amount of capital flooding into Long Beach. As renters move inland from Downtown Long Beach and beach areas, renter demographics are changing in the surrounding areas. Exciting new developments are taking place within just a few blocks from the property.
Last Agent to Sell the Property
Keller Williams Realty Downey License #01456379 Listed on: 08/29/2019
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1959
Lot Details
- 7,594 Sq Ft Lot
- Two or More Common Walls
- Density is 6-10 Units/Acre
Parking
- 1 Car Garage
- Parking Available
- Driveway
Home Design
- Apartment
Interior Spaces
- 6,678 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Bathroom
Additional Features
- Exterior Lighting
- Urban Location
Listing and Financial Details
- Legal Lot and Block 2 / 2
- Tax Tract Number 5753
- 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 $2,017
- Fuel Expense $2,017
- Gardener Expense $2,400
- Insurance Expense $2,671
- Maintenance Expense $3,750
- Other Expense $1,750
- Pest Control $615
- Professional Management Expense $9,057
- Trash Expense $2,017
- Water Sewer Expense $2,017
- New Taxes Expense $31,094
- Operating Expense $60,123
- Gross Income $181,133
- Net Operating Income $121,010
Similar Homes in Long Beach, CA
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Home Values in the Area
Average Home Value in this Area
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
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
-
Robert Stepp
Seller's Agent in 2020
Robert Stepp
Keller Williams Realty Downey
(310) 463-2916
2 in this area
71 Total Sales
-
Daniel Casado
D
Seller's Agent in 2018
Daniel Casado
Casado Real Estate Inc.
(562) 316-0077
15 Total Sales
-
B
Seller's Agent in 2018
Beatty Spurr
Spurr & Associates Inc
-
S
Seller's Agent in 2013
Salvatore Miano
Coldwell Banker Coastal Alliance
-
Timothy Lewis
T
Buyer's Agent in 2013
Timothy Lewis
Elliot Lewis, Broker
(562) 221-9392
2 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW19205915
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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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