4126 Elm Ave, Long Beach, CA 90807
4126 Elm Ave, Long Beach, CA 90807
4126 Elm Ave, Long Beach, CA 90807
18
See all 18 photos
$3,100,000
Est. payment /mo
Save
6 Beds
6 Baths
10,757 Sqft Lot
Active

4126 Elm Ave Long Beach, CA 90807

Save
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Jesse Ibanez

Jesse Ibanez

+1(858) 337-2796

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

Subdivision Bixby Knolls (Bk)

MLS Listing ID PW26208894

Bedrooms 6

Lot Size 10,757 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

We are pleased to present 4126 Elm Ave, an 8 unit condo-quality trophy investment opportunity in Long Beach's Bixby Knolls. Built in 1977, the two-story building sits just two blocks off of the Atlantic Avenue corridor and just a few miles from the ocean and Downtown Long Beach. The 9,761 SF building sits on a 10,755 SF lot with an unusually large unit mix: three 1+1 units, four 2+2 units and one 3+2.5 owners unit, with the average SF of each unit being roughly 1,220 SF. Each unit has its own fireplace, heating and air conditioning, patio or balcony and garage parking, which is currently provided at no charge, providing immediate additional upside for a new buyer. Current rents average $2,256 against market rents of $3,008 about 33% of upside taking the property from a 4.23% cap rate to 6.91% pro forma. Bixby Knolls is a Walk Score 84 neighborhood anchored by the Atlantic Avenue corridor, SteelCraft Long Beach and the Expo Arts Center, with the 405 a mile south and Long Beach Airport under four miles away.

Location

State CA

County Los Angeles

Zoning Public Rec

Direction North of Carson Between Atlantic Ave & Long Beach Blvd

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 7139007005

Acceptable Financing Cash

Listing Terms Cash

MLS Router / San Diego MLS
Listed by Ryan Gonzalez, DRE#01874815 Lyon Stahl Investment Real Est 

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

Jesse Ibanez

Jesse Ibanez

Agent License ID: 01405643

+1(858) 337-2796

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from The GreenHouse Group, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

4126 Elm Ave

QUICK SEARCH
There are 22 quick searches