1430 Elm Avenue, Long Beach, CA 90813
List Price: $3.17M
Listing Status: Active
0Days on Market: 3
14 Bedrooms · 14 Bathrooms · 9,690 sq ft
Property Type: ResidentialIncome
Year Built: 1930
Lot Size: 13,285 sq ft
MLS Number: 26864283
About This Property
This 14-unit apartment building is located in an established residential neighborhood in Long Beach. Built in 1930, the property showcases classic Spanish style architecture, with a consistent unit mix of 14 one-bedroom, one-bathroom apartments averaging 692 square feet each. The property features a sun deck, patio areas and anapproximate 3,500 square feet landscaped backyard with artificial turf and mature trees. This space offers excellent development optionality, allowing buyers to streamline expansion via Long Beach's Pre Approved ADU Plans Program (AB 1332) or leverage recent state legislation (SB 1211) for additional density upside, subject to city approval. Combined with gated semi-subterranean parking and recent infrastructure updates including new windows and updated water heaters the property delivers stable in-place performance alongside a clear pathway to future value-add development.
Listing provided by: Steffan Braunlich DRE #01859098 310-209-3200 steffan.braunlich@berkadia.com, Berkadia
Source: CRMLS, MLS #: 26864283
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.