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$ 1,849,000
Est. payment | /mo
4,680 SqFt
$ 1,849,000
Est. payment | /mo
4,680 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 4,680 sqft
Price per Sqft $395
MLS Listing ID CL25556147
HOA Y/N No
Year Built 1905
Lot Size 7,476 Sqft
Acres 0.17
Property Sub-Type Other
Property Description
1445 Elm is a seven-unit investment opportunity located in Long Beach, California. The property consists of four separate structures on a 7,476 square foot lot. Built in 1905, it includes (2) studios, (1) two-bedroom one-bath unit, and (4) one-bedroom one-bath units. The asset is well-managed, with most units at or near market rent. New ownership has the opportunity to capture remaining loss to lease and benefit from a stable, cash-flowing investment. 1445 Elm is conveniently located just a 5-minute walk from the Metro A Line Anaheim Street station and a short drive to the East Village Arts District and the Pacific shoreline. Within a one-mile radius are two of Long Beach's largest employers St. Mary Medical Center and Long Beach City College. Long Beach continues to be a high-growth residential area, with approximately 1,100 units currently in the construction pipeline, representing a 1.8%increase in total housing inventory upon completion. In the past 12 months, the submarket has seen the delivery of approximately 280 net new units.
Location
State CA
County Los Angeles
Zoning LBPB
Interior
Heating Wall Furnace
Fireplace No
Building
New Construction No
Others
Tax ID 7269026021
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Douglas Steinriede • Dover Management Corp.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "