643 Elm Ave Long Beach, CA 90802
East Village NeighborhoodEstimated payment $5,191/month
Highlights
- 0.05 Acre Lot
- Neighborhood Views
- Tile Flooring
- No HOA
- Living Room
- Ceiling Fan
About This Home
A rare chance to own an exceptionally spacious duplex in one of Southern California's most dynamic and evolving markets. This large property features eight total bedrooms and four bathrooms across two expansive units, each offering four bedrooms and two bathrooms, a layout rarely seen in multifamily properties.
Both units showcase updated interiors with newer laminate flooring, tile kitchens, and remodeled bathrooms, blending modern comfort with low-maintenance living.
At $799,000, this duplex is currently producing a 7.45% cap rate on actual rent roll and operating expenses. With an 8.7% rent increase effective December 2026, the cap rate rises to 8.17%, well above the 5% to 6% range typical for small multifamily properties in the 90802 area. Add over $24,800 in completed capital improvements, including full bathroom and kitchen tile remodels, new flooring throughout, updated electrical and lighting, and fresh paint in both units, and this is a property offering both immediate cash flow and built-in upside.
The property also includes a detached garage and a long driveway that provides abundant off-street parking. Gas and electric are separately metered for efficiency, and both units are tenant-occupied on month-to-month terms, giving maximum flexibility moving forward. Ideally located near dining, shopping, the beach, and freeway access, this property combines a prime Long Beach location with unmatched scale.
Whether you are looking to expand your portfolio or take advantage of value-add opportunities, this duplex checks all the boxes.
Listing Agent
Keller Williams Pacific Estate Brokerage Phone: 562-972-4336 License #01355505 Listed on: 08/17/2026
Property Details
Home Type
- Multi-Family
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
- Entry on the 1st floor
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
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 $480
- Maintenance Expense $600
- Professional Management Expense $3,600
- Trash Expense $720
- Water Sewer Expense $720
- Operating Expense $6,120
- Net Operating Income $59,556
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 08/17/2026 08/17/26 | For Sale | $799,000 | -- | $347 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW26180275
APN: 7273-027-010
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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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