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$7,440,000

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0.65 Acres Lot

Active

3430 Elm AVE Long Beach, CA 90807

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Chris Mardelli

chris@therealupside.com +1(310) 571-5761

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Subdivision Bixby Knolls (Bk)

MLS Listing ID OC25219794

HOA Y/N No

Year Built 1964

Annual Tax Amount $22,992

Tax Year 2023

Lot Size 0.645 Acres

Lot Dimensions Assessor

Property Sub-Type Mixed Use

Property Description

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.

Location

State CA

County Los Angeles

Area 6 - Bixby, Bixby Knolls, Los Cerritos

Zoning LB4RN

Interior

Heating Wall Furnace

Cooling None

Flooring Carpet, Laminate, Tile, Vinyl

Fireplace No

Appliance Electric Range, Gas Range

Laundry Common Area, Laundry Room

Exterior

Parking Features Attached Carport, Assigned, Garage

Garage Spaces 7.0

Carport Spaces 12

Garage Description 7.0

Fence Block, Fair Condition, Security

Pool Community

Community Features Street Lights, Sidewalks, Gated, Pool

Utilities Available Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected

View Y/N No

View None

Roof Type Composition

Total Parking Spaces 25

Private Pool No

Building

Lot Description 2-5 Units/Acre, Near Public Transit

Story 2

Entry Level Two

Foundation Raised, Slab

Sewer Public Sewer

Water Public

Architectural Style Mid-Century Modern

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7145011012

Security Features Gated Community,Resident Manager,Smoke Detector(s)

Acceptable Financing Cash, Conventional, Submit

Listing Terms Cash, Conventional, Submit

Special Listing Condition Trust

Listed by Maty Guiza Realty One Group West 949-302-6990

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