3430 Elm Avenue Long Beach, CA $ 7,440,000
3430 Elm Avenue
$ 7,440,000
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3430 Elm Avenue

Long Beach, CA, 90807
$ 7,440,000
Baths0.0 Sq 56,690

Monthly Estimate*

$ 46,416

Listed by Realty One Group West
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Studio

Multi-Family Home for sale in Long Beach, CA

for $7,440,000. This 56,690 square foot home was built in 1964 on a lot size of 0.6454.

Back on the Market: This is a great opportunity for a buyer who can perform! There is only UPSIDE HERE! New Electrical on both buildings! Completed balcony inspections, upgrades throughout the large all 2 bed units! Do your own diligence! Under new management and priced to sell! Maintenance includes roof repairs 3430 and any necessary repairs to 3440. Discover an exceptional investment opportunity in Bixby with this well-maintained multi-family residential income portfolio. This portfolio presents an attractive opportunity consisting of 28 2-bedroom units, each offering 1.5 or 1.75 baths. Building 1: 3430 ELM AVENUE 12 units 2 bedrooms and 1.5 bath- Unit 5 and 12 are 2 bedrooms, 1 bath. Building 2: 3440 ELM AVENUE: 14 units all 2 bedrooms and 1.75 bath **Key Features:** - **Location:** Conveniently situated close to freeways and downtown Bixby, providing easy access to amenities and commuter routes. Atlantic and Wardlow, 405 Highway, Metrolink, and public transportation are available. They are close to hospitals, retail shopping centers, and parks. - **Unit Configuration:** All units are spacious 2-bedroom layouts, designed to appeal to a wide range of tenants seeking comfort and convenience. Units can be renovated to generate higher market rent. - **Maintenance:** Well-maintained buildings with recent updates. New Boiler in 3430, Resident Manager on-site. Newly updated units. - **Community Amenities:** Nearby parks, shopping, dining, and entertainment options enhance tenant satisfaction and attract potential renters. - **Parcel Details:** Comprising two separate parcels sold as one portfolio, providing flexibility and potential for future development or management strategies.

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Multi-Family Pending

Price

$ 7,440,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 22,992

Style

Lot Size

0.6454

Year Built

1964

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

OC25219794

Days on Market

96

Features
General
Sewer Public Sewer
Heating Wall Furnace
Cooling None
Utilities Electricity Connected Natural Gas Connected Phone Available Sewer Connected Water Connected
Roof Composition
Appliances Electric Range Gas Range
Zoning LB4RN
Garage Spaces 7
Architectural Style Mid-Century Modern
Pool Features Community
Security Features Gated Community Resident Manager Smoke Detector(s)
Construction Materials Drywall Concrete Stucco
Year Built 1964
Electric Standard
Tenant Pays Cable TV Electricity Gas Parking Fee Telephone
View None
Stories Count 2
Levels Two
Property Subtype Mixed Use
Tax Year 2023
Gross Income 6300
Community Features Street Lights Sidewalks Gated Pool
Additional Parcels Description 7145011013
County Los Angeles
Net Operating Income 289416
Operating Expense 285000
Insurance Expense 20800
New Construction false
Property Type Residential Income
MaintenanceExpense 2500
Subdivision Name Bixby Knolls (BK)
Garage Y/N true
Special Listing Conditions Trust
Status Pending
Directions 405 Exit Atlantic or Wardlow Blvd.
City Long Beach
Entry Location 1
Senior Community Y/N false
Open Parking Spaces 6
Number Of Units Total 27
MLS Area 6 - Bixby Bixby Knolls Los Cerritos
Lot Size Units Square Feet
Lot Size Square Feet 28114
Carport Spaces 12
Carport Y/N true
Number of Units Leased 21
Listing Terms Cash Conventional Submit
Spa Features None
Property Attached Y/N true
Land Lease Y/N false
Tax Annual Amount 22992
Electric Expense 5709
Current Financing None
Fuel Expense 0
Trash Expense 18443
Water Sewer Expense 17117
Additional Parcels Y/N false
Rent Control Y/N true
Building Area Units Square Feet
Standard Status Pending
Year Built Source Public Records
Tax Lot 13
Total Actual Rent 47867
Property Sub Type Additional Mixed Use
Taxes 69520
Cap Rate 3.65
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Interior
Flooring Carpet Laminate Tile Vinyl
Total Stories 2
Common Walls 2+ Common Walls
Air Conditioning Y/N false
Heating Y/N true
Laundry Features Common Area Laundry Room
Entry Level 1
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Exterior
Fencing Block Fair Condition Security
Parking Features Attached Carport Assigned Garage
Lot Features 2-5 Units/Acre Near Public Transit
Water Source Public
Total Parking 25
Lot Size Area 28114
Foundation Details Raised Slab
Number of Buildings 2
Spa false
Building Area Total 56690
Lot Size Acres 0.6454
Private Pool false
Lot Size Source Public Records
Pool Charge 7868
Number of Separate Water Meters 1
Number of Separate Gas Meters 14
Number of Separate Electric Meters 28
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* Excluded Features
List By
Realty One Group West

Broker

matyguizarealestate@gmail.com

Email

Affordability Calculator

$48,332
Per Month
96%
4%
0%
Monthly Principal & Interest
$46,416
Monthly Property Taxes
$1,916
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/20/2025$7,440,000 Listed Price

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3430 Elm Avenue, Long Beach, CA, 90807 is a Multi-Family Home for sale at $7,440,000 with 56,690 sqft and a lot size of 0.6454. 3430 Elm Avenue is a studio with 0.0 baths and was built in 1964. The property's zip code is 90807 which is in Long Beach, CA