643 Elm Ave Long Beach, CA 90802
East Village NeighborhoodEstimated payment $6,242/month
Total Views
8,594
8
Beds
4
Baths
2,304
Sq Ft
$432
Price per Sq Ft
Highlights
- 0.05 Acre Lot
- 3-minute walk to 5Th Street Station
- Neighborhood Views
- Long Beach Polytechnic High School Rated A
- No HOA
- Living Room
About This Home
Incredible opportunity to invest in one of Southern California’s most dynamic and evolving markets. This well-maintained duplex offers two spacious units, each featuring 4 bedrooms and 2 bathrooms, providing strong income potential with room for upside. Both units include updated interiors with newer laminate flooring, tile flooring in the kitchens, remodeled bathrooms, and the convenience of close proximity to dining, shopping the beach and freeway access.
The property includes a detached garage and a long driveway, offering ample off-street parking. Gas and electric are separately metered, and both units are currently occupied with tenants on month-to-month terms, allowing for flexibility moving forward. Whether you're looking to add to your portfolio or explore future value-add options, this property checks all the boxes.
Listing Agent
Keller Williams Pacific Estate Brokerage Phone: 562-972-4336 License #01355505 Listed on: 04/18/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,962
Year Built
- Built in 1917
Lot Details
- 2,351 Sq Ft Lot
- Two or More Common Walls
- Density is 2-5 Units/Acre
Parking
- 1 Car Garage
Home Design
- Duplex
Interior Spaces
- 2,304 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Living Room
- Neighborhood Views
Kitchen
- Gas Oven
- Gas Range
Flooring
- Laminate
- Tile
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Utilities
- Wall Furnace
- Natural Gas Connected
- Cable TV Available
Listing and Financial Details
- Legal Lot and Block 7 / 43
- Tax Tract Number 1
- Assessor Parcel Number 7273027010
- $232 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 2 Units
Building Details
- 2 Leased Units
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $600
- Insurance Expense $1,056
- Professional Management Expense $3,360
- Trash Expense $1,200
- Water Sewer Expense $1,200
- Operating Expense $7,416
- Net Operating Income $53,412
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| 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 | $8,962 | $717,986 | $358,281 | $359,705 |
| 2024 | $8,962 | $703,908 | $351,256 | $352,652 |
| 2023 | $8,819 | $690,107 | $344,369 | $345,738 |
| 2022 | $8,275 | $676,576 | $337,617 | $338,959 |
| 2021 | $8,113 | $663,311 | $330,998 | $332,313 |
| 2020 | $8,091 | $656,511 | $327,605 | $328,906 |
| 2019 | $7,997 | $643,639 | $321,182 | $322,457 |
| 2018 | $7,587 | $615,000 | $306,900 | $308,100 |
| 2016 | $6,372 | $540,000 | $269,400 | $270,600 |
| 2015 | $6,203 | $540,000 | $269,400 | $270,600 |
| 2014 | $5,522 | $480,000 | $239,500 | $240,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/18/2025 04/18/25 | For Sale | $995,000 | -- | $432 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $155,000 | None Listed On Document | |
| Interfamily Deed Transfer | -- | Accommodation | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $505,000 | Southland Title | |
| Interfamily Deed Transfer | -- | Southland Title Corporation | |
| Trustee Deed | $284,000 | -- | |
| Grant Deed | $220,000 | Benefit Land Title Company | |
| Grant Deed | $120,000 | South Coast Title Company | |
| Interfamily Deed Transfer | -- | South Coast Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $390,000 | New Conventional | |
| Previous Owner | $103,730 | Credit Line Revolving | |
| Previous Owner | $519,000 | Unknown | |
| Previous Owner | $404,000 | Purchase Money Mortgage | |
| Previous Owner | $120,000 | Unknown | |
| Previous Owner | $274,100 | Purchase Money Mortgage | |
| Previous Owner | $217,470 | No Value Available | |
| Previous Owner | $120,000 | No Value Available | |
| Closed | $50,000 | No Value Available |
Source: Public Records
Similar Homes in Long Beach, CA
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW25075928
APN: 7273-027-010
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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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