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… Read More 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. Read Less
Property listed by Pabst, Kinney & Associates, Kristie Pabst 562-547-2668
Listing Snapshot
Days Online
23
Last Updated
Property Type
Apartment
Lot Size
0.17 Acres
Year Built
1948
MLS Number
PW25006856
Additional Details
Building
Built in 1948, Building area total: 8,710, Levels: Two, 2 stories, 1 building, Architectural style: , Attached, Common walls: TwoCommonWallsOrMore, Construction materials: Stucco
Community
StreetLights, Sidewalks, Urban
Cooling
None
Expenses
Operating expense: $119,049
Fence
AverageCondition
Fireplaces
None
Floors
Carpet, Vinyl
Garage
2 spaces
Heating
WallFurnace
Income
Gross income: $25,575, Net operating income: $178,644
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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