Seller represented by:
Eileen Rivera with Ge Dean And Associates

Buyer represented by:
Realty ONE Group United

751 Elm Ave Long Beach, CA 90813
  • Sold
  • Multi Family · 4 Units

751 Elm Ave Long Beach, CA 90813 Get directions

$906,000 $264/Sq. ft.
3,434 Sq. ft. 3,495 Sq. ft. Lot
  • Stylecraftsman_bungalow
  • Age 103 Years
  • MLS# RS18196190
  • Listed 2 Years 1 Month 14 Days Ago

Overview

Classic early 20th century Craftsman 4-plex in up & coming area of North DTLB. Great upside appreciation potential and room for rents to grow! Gross cap rate based on pro forma rents is 8.6%. Total 9 bedrooms & 4 bathrooms, each unit equipped with its own laundry facilities. Fully rented with solid tenants and great ROI. Upgraded plumbing & heating. Separate meters for electric and gas. Close to downtown and freeway access.

  • Seller represented by:
  • REALTOR ® Eileen Rivera with Ge Dean And Associates
  • Buyer represented by:
  • Realty ONE Group United

Features

Interior Features

  • Ceiling Fan(s)
  • Copper Plumbing Partial
  • Formica Counters
  • Tile Counters
  • Flooring: Carpet, Laminate, Tile, Vinyl
  • Window Features: Casement Windows

Appliances

  • Appliances: Gas Range, Range Hood
  • Appliances YN: Y
  • Laundry Features: Laundry Features: Individual Room, Inside, Laundry YN: Y

Other Rooms

  • Living Room

Heating and Cooling

  • Heating Features: Wall Furnace
  • Heating: Yes

Exterior and Lot Features

  • Fencing: Fence YN: Y, Fencing: Wood
  • Road Frontage Type: City Street
  • Road Surface Type: Paved

Land Info

  • Lot Description: Rectangular Lot
  • Lot Size Acres: 0.0802342
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 3495

Multi-Unit Info

  • Number of Units: 4

Homeowners Association

  • Maintenance Expense: 2160.00

Rental Info

  • Tenant Pays: Electricity, Gas, Telephone

Amenities and Community Features

  • Community Features: Curbs, Street Lights, Urban

Other Property Info

  • Source Listing Status: Closed
  • County: Los Angeles
  • Cap Rate: 7.00
  • Directions: From 405 FWY, S. on LB Blvd, LT on 8th ST, SW corner of 8th & Elm AV
  • Source Property Type: Multi-Family
  • Insurance Expense: 876.00
  • Area: 4 - Downtown Area, Alamitos Beach
  • Source Neighborhood: Willmore District (WM)
  • Parcel Number: 7273020011
  • Postal Code Plus 4: 4412
  • Subdivision: Willmore District (WM)
  • Zoning: LBPD29
  • Source System Name: C2C

Commercial Info

  • Net Operating Income: 48029.00

Building and Construction

  • Total Square Feet Living: 3434.00
  • Year Built: 1917
  • Building Features: 1
  • Common Walls: No Common Walls
  • Construction Materials: Wood Siding
  • Direction Faces: East
  • Entry Level: 1
  • Entry Location: Front
  • Foundation Details: Raised
  • New Construction: N
  • Property Age: 102
  • Property Condition: Repairs Cosmetic
  • Roof: Asphalt
  • Levels or Stories: Two
  • Building Total Stories: 2
  • House Style: Craftsman

Utilities

  • Sewer: Sewer: Public Sewer, Water Sewer Expense: 2352.00
  • Water Source: Public

Nearby Schools

Rating School Grades Distance
7 International Elementary School K-5 0.2 mi
5 Franklin Classical Middle School 6-8 0.6 mi
7 Polytechnic High School 9-12 0.7 mi
NA Montessori On Elm Private School PK-4 0.2 mi

School data provided by National Center for Education Statistics, Maponics, and GreatSchools. Intended for reference only. GreatSchools Ratings compare a school’s test performance to statewide results. To verify enrollment eligibility, contact the school or district directly.

Neighborhood

Property History for 751 Elm Ave

Property Tax

Property Price

Date Event Price Price / Sq ft Source
2018-10-10 Sold - - CRMLS
2018-08-02 Listed $962,500 $280 CRMLS
2002-06-03 Sold - - Public Record
2001-04-25 Listing removed $299,000 $87 ITECH
2000-08-08 Sold - - Public Record
2000-04-24 Listed $299,000 $87 ITECH
1998-11-16 Sold - - Public Record
1986-06-13 Sold - - Public Record

The price and tax history data is obtained from public records and/or MLS feeds from local jurisdiction. Contact your REALTOR® directly in order to obtain the most up-to-date information available.