13
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$799,000
Est. payment /mo
3,911 Sqft Lot
Price Dropped by $50K
1403 Elm Long Beach, CA 90813
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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision Poly High (Ph)
MLS Listing ID DW26117307
HOA Y/N No
Year Built 1911
Lot Size 3,911 Sqft
Property Sub-Type Duplex
Property Description
1403 and 1405 Elm Avenue offer an occupied duplex with a combined total of 5 bedrooms and 3 bathrooms, providing immediate income potential in an established Long Beach neighborhood. The property is available for purchase on its own, but what makes this offering particularly interesting is the opportunity to acquire additional properties from the same owner just down the street.
1425 and 1429 Elm Avenue are also for sale and are being offered together as a separate transaction. Those properties are currently leased and occupied by the Long Beach Unified School District. Buyers may purchase 1403/1405 independently or acquire all three offerings, creating a larger assemblage with more than 27,000 square feet of combined lot area—well over half an acre in Long Beach.
Putting together multiple properties in the same location can take years, making the availability of these properties at the same time a unique opportunity. Whether purchased as an income-producing duplex or combined with 1425/1429 Elm Avenue for a larger future development plan, 1403/1405 offers flexibility for both investors and developers.
Buyer to verify zoning, development possibilities, parcel configurations, square footage, lease information, and all intended uses with the City of Long Beach. See private remarks for additional information regarding the other properties available for purchase.
1425 and 1429 Elm Avenue are also for sale and are being offered together as a separate transaction. Those properties are currently leased and occupied by the Long Beach Unified School District. Buyers may purchase 1403/1405 independently or acquire all three offerings, creating a larger assemblage with more than 27,000 square feet of combined lot area—well over half an acre in Long Beach.
Putting together multiple properties in the same location can take years, making the availability of these properties at the same time a unique opportunity. Whether purchased as an income-producing duplex or combined with 1425/1429 Elm Avenue for a larger future development plan, 1403/1405 offers flexibility for both investors and developers.
Buyer to verify zoning, development possibilities, parcel configurations, square footage, lease information, and all intended uses with the City of Long Beach. See private remarks for additional information regarding the other properties available for purchase.
Location
State CA
County Los Angeles
Area 9 - Poly High
Interior
Heating Floor Furnace
Cooling None
Fireplaces Type Living Room
Fireplace Yes
Laundry None
Exterior
Pool None
Community Features Urban
Private Pool No
Building
Lot Description Back Yard
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7269026035
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Special Listing Condition Standard
Listed by Amy Brick Brick & Co Real Estate 562-335-5269, DRE #01358129
NEARBY SCHOOL & BUSINESS
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