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1430 Elm Ave, Long Beach, CA 90813

  • $3,175,000

    •

  • 14

    bed

  • 14

    bath

  • 9,690

    Sqft ($328/Sqft)

Multi-family for sale 29 days
Movoto is helping 68 homebuyers near you

About 1430 Elm Ave

Property type Multi-family
Neighborhood
Year built 1930
HOA fee $0/month
Lot size 0.3 Acre
Movoto estimate
Property description
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.
Listed by
Listing Agent - Steffan Braunlich
Listing Office - Berkadia
Source: The MLS mls logo
MLS#26864283 • last updated 4 weeks ago
Movoto checked The MLS for data 5 minutes ago
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Overview
Levels/Style Two
MLS # 26864283
Type Residential Income
Status Active
SqFt 9690
Lot Size (SqFt) 13285
Lot Size (Acres) 0.305
Year Built 1930
Interior
Total # of Baths 14
Total # of Bedrooms 14
Exterior
Parking Desc Subterranean
Add'l Structures None
Amenities / Utilities
Equipment None
Location
County Los Angeles
Zoning LBR3S
APN 7269-025-037
Multifamily Details
Unit 1: Furnished No
Unit 1: Projected Rent 26600
Unit 1: # Beds 1
Unit 1: Rent 1752
Unit 1: # Baths 1
Unit Type 2106
Unit 1: Actual Rent 24523
Total # Of Buildings 1
Net Operating Income 198135
Cap Rate 6.24
Vacancy Rate 7%
Gross Income 294279
Gross Operating Income 297037
Gross Rent Multiplier 11.12
Total Annual Expenses 98901
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6/10
Roosevelt Elementary School
public Grades K-5
Long Beach Unified School District
4/10
Washington Middle School
public Grades 6-8
Long Beach Unified School District
6/10
Polytechnic High School
public Grades 9-12
Long Beach Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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  • Real Estate
  • CA
  • Los Angeles County
  • Long Beach
  • 90813
  • Central Long Beach
  • 1430 Elm Ave

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