635 Elm Ave 12, Long Beach, CA 90802

Property Description

Here is an opportunity to own a beautifully renovated turnkey one-bedroom own-your-own unit in the thriving downtown area of Long Beach at a great price. This unit is walk-able to restaurants, shopping, nightlife, and is only 1-block from the Blue Line Metro. Current rents are approx $1,250/mo or more, making this unit perfect for an owner occupant or for a first time or seasoned investor looking for a good return. The unit has been freshly painted and the original hardwood floors have been restored to a gleaming perfection. The kitchen has new cabinets, sink, faucet and counter-top. The bathroom has a newly re-glazed original claw-foot tub and new tile flooring. There is plenty of storage including a large hallway closet with built-in dresser, a linen cabinet and a big closet in the bedroom. The original charm of this 1924 building has been enhanced last year with new tile floor in the entry, new mailboxes, new carpet throughout the hallways, new unit number plaques, new entry doors, etc. The building also has upgraded electrical and gas. Current HOA dues are $295.60/mo and cover property taxes, hot water, trash, sewer, maintenance. This tax year, units will pay their own taxes with new APNs and dues will be adjusted down at that time. This is an own-your-own unit (predecessor to condo) and will require a cash offer as conventional financing is not available. Own Your Own financing may be available for owner occupant with 25% down through a local lender.