319 Elm Ave Long Beach, CA 90802
East Village NeighborhoodEstimated payment $33,082/month
About This Home
319 Elm Street is a 24-unit multifamily asset located in Long Beach’s East Village Arts District, a dense and walkable Downtown submarket known for its consistent renter demand and proximity to employment, transit, and lifestyle amenities. The property is comprised of eighteen (18) studio units and six (6) one-bedroom/one-bath units, offering an efficient small-unit mix aligned with the area’s tenant profile. Furthermore, ten (10) on-site parking spaces represent a rare, meaningful amenity in a submarket where parking remains constrained. The seller has invested over $900,000 in capital improvements, including comprehensive electrical upgrades throughout the building, unit renovations, keyless entry on all units, common area enhancements, and exterior improvements. The completion of these upgrades, combined with separately metered utilities, supports a more efficient and predictable operating profile with limited near-term capital requirements. 319 Elm Avenue is priced at a 6.42% cap rate and 10.06 GRM in place, with a clear runway to grow. As rents move to market and RUBS is implemented, the property stabilizes at a 7.28% cap rate and 9.20 GRM—an 86-basis-point expansion in yield and a full point of GRM compression. That translates to $44,075 of additional annual NOI, a 14% increase in cash flow at no change in basis.
Listing Agent
Keller Williams Realty Downey Brokerage Phone: 310-463-2916 License #01456379 Listed on: 08/06/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1912
Lot Details
- 7,531 Sq Ft Lot
- Two or More Common Walls
- Density is 21-25 Units/Acre
Home Design
- Property Attached
- Entry on the 1st floor
Interior Spaces
- 11,838 Sq Ft Home
- 3-Story Property
Bedrooms and Bathrooms
- 1 Bedroom
- 2 Bathrooms
Parking
- 10 Open Parking Spaces
- 10 Parking Spaces
Listing and Financial Details
- Legal Lot and Block 19 / 78
- Tax Tract Number 5762
- Assessor Parcel Number 7281009008
- $5,641 per year additional tax assessments
Community Details
Building Details
- Rent Control
- 24 Separate Electric Meters
- 24 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $5,025
- Fuel Expense $5,025
- Insurance Expense $20,760
- Maintenance Expense $14,400
- Other Expense $6,000
- Pest Control $1,000
- Professional Management Expense $27,898
- Trash Expense $5,025
- Water Sewer Expense $5,025
- New Taxes Expense $63,417
- Operating Expense $154,775
- Gross Income $459,959
- Net Operating Income $305,185
Additional Features
- 24 Units
- Laundry Facilities
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $80,699 | $5,912,246 | $3,837,384 | $2,074,862 |
| 2024 | $77,192 | $5,796,321 | $3,762,142 | $2,034,179 |
| 2023 | $75,827 | $5,682,669 | $3,688,375 | $1,994,294 |
| 2022 | $71,171 | $5,571,245 | $3,616,054 | $1,955,191 |
| 2021 | $69,517 | $5,462,005 | $3,545,151 | $1,916,854 |
| 2019 | $48,456 | $3,647,289 | $2,546,899 | $1,100,390 |
| 2018 | $47,318 | $3,575,814 | $2,496,960 | $1,078,854 |
| 2016 | $43,571 | $3,435,000 | $2,400,000 | $1,035,000 |
| 2015 | $30,860 | $2,406,600 | $2,058,661 | $347,939 |
| 2014 | -- | $2,359,459 | $2,018,335 | $341,124 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/06/2026 08/06/26 | For Sale | $4,800,000 | -9.4% | $405 / Sq Ft | |
| 03/27/2019 03/27/19 | Sold | $5,300,000 | -7.0% | $448 / Sq Ft | View Prior Sale |
| 03/25/2019 03/25/19 | Pending | -- | -- | -- | |
| 01/08/2019 01/08/19 | For Sale | $5,700,000 | -- | $482 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $5,300,000 | Fidelity National Title Co | |
| Grant Deed | $3,435,000 | Fidelity Sherman Oaks | |
| Grant Deed | $2,075,000 | Natc | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | North American Title Co | |
| Grant Deed | -- | Commonwealth Title |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $4,525,000 | Construction | |
| Closed | $4,130,000 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $3,710,000 | Commercial | |
| Previous Owner | $2,165,000 | Commercial | |
| Previous Owner | $1,750,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $1,715,000 | Negative Amortization | |
| Previous Owner | $1,350,000 | Commercial | |
| Previous Owner | $570,000 | Commercial | |
| Previous Owner | $353,500 | Commercial |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW26169956
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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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