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Sold on 06/24/2025
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625 Elm Ave, Long Beach, CA 90802

$3,050,000

Last sold 06/24/2025 after 164 Days

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    bed

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    bath

Multi-family not for sale
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About 625 Elm Ave

Property type Multi-family
Neighborhood
Year built 1948
HOA fee $0/month
Lot size 7,503 Sqft
Parking 2 garage spaces
Rental estimate
Property description
Substantial Reduction in Price--625 Elm Avenue is a 21-unit multifamily investment opportunity located in Long Beach, CA. The property offers 20 studios, and 1 one-bedroom unit, with amenities including gates access, security doors, and one double car garage. This investment property is situated in the fantastic Downtown Long Beach location, surrounded by an abundance of retail, dining, and entertainment options, as well as many employers in the high-rise office buildings. Additionally, the property's close proximity to Interstate 710 provides convenient access to the Port of Long Beach and the Port of Los Angeles, two of the busiest ports in the world and a major employment hub for the region. Furthermore, 625 Elm Avenue is within close proximity of all three levels of education.
Listed by
Listing Agent - Kristie Pabst
Listing Agent Contact: 562-547-2668
Listing Office - Pabst, Kinney & Associates
Source: CRMLS mls logo
MLS#PW25006856 • last updated 1 year ago
Movoto checked CRMLS for data 3 minutes ago
Overview
Levels/Style Two
Type Residential Income
SubType Apartment
Status Pending
Lot Size (Acres) 0.1722
Lot Size (SqFt) 7503
Year Built 1948
Interior
Laundry Common Area
Exterior
Foundation See Remarks
Construction Stucco
Building Area Square Feet, 8710
# Parking Spaces 2
# Garage Spaces 2
Lot Description Near Public Transit
Amenities / Utilities
Fireplaces None
Sewer/ Septic Public Sewer
Water Source Public
Electric Electricity - On Property
Spa None
Pool None
Location
County Los Angeles
Community Features Sidewalks, Street Lights, Urban
Subdivision Downtown (DT), Downtown (DT)
Zoning LBPD30
Directions Proceed West On 3rd Street To Elm Avenue Then Turn Right On Elm Avenue To Subject Property
APN 7273027012
Multifamily Details
Vacancy Allowance Rate 3
Vacancy Allowance 9207
Laundry Income 75
Operating Expense 119049
Gross Income 25575
Gross Operating Income 297693
Gross Scheduled Income 306900
Rental est.: $1,230/month
Gross rent multiplier: 206.6
  • Jun 2025
    mls logo MLS # PW25006856
  • Jun 24, 2025 Sold
    $3,050,000
  • Apr 4, 2025 Pending
    —
  • Mar 20, 2025 Price Change
    $3,200,000 (-5.9%)
  • Feb 4, 2025 Price Change
    $3,400,000 (-9.3%)
  • Jan 11, 2025 Listed
    $3,750,000
  • Jun 2025
    Public Records
  • Jun 24, 2025 Sold
    $3,050,000 (-4.7%)
  • Year Property taxes Tax assessment
  • 2024
    $14,281 +2.1%
    $879,186
  • 2023
    $13,990 +6.1%
    $879,186 +1.99%
  • 2022
    $13,191 +2.8%
    $862,013 +4.02%
  • 2021
    $12,832 +0.3%
    $828,670
  • 2020
    $12,799
    $828,670
  • 625 Elm Ave
    $3.05M
  • Downtown Long Beach
    $399K -17% y/y
  • 90802
    $459K -8% y/y
  • Long Beach
    $699K 0% y/y
No chart available
Statistics calculated by Movoto

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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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CRMLS Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
Based on information from California Regional Multiple Listing Service, Inc. as of 10/22/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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