Long Beach, CA 90802,619 Elm AVE
$1,425,000
$1,450,000
1.7%
Est.Price: ?

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7,492 Sqft Lot

619 Elm AVE Long Beach, CA 90802

Est. payment /mo
SOLD DATE : 09/30/2014

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Key Details

Sold Price $1,425,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Downtown (Dt)

MLS Listing ID PW14091075

Year Built 1921

Tax Year 2013

Lot Size 7,492 Sqft

Property Description

Huge Upside as building is grossly under rented. This area south of 7th is the most rapidly improving area in the City. Lowest price per unit downtown in a great East Village location. This building can bring in $150,000 annually with a motivated Owner creating a +6 CAP and sub 10 GRM. With newer stucco on the exterior, this building has the curb appeal to bring these rents to market.

Location

State CA

County Los Angeles

Area 4 - Downtown Area, Alamitos Beach

Exterior

Pool None

Community Features Urban

Utilities Available Sewer Available

Building

Story 2

Water Public

Others

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by AJ Nay • Maverick Apartment Investment
Bought with Matthew Firth • JMS Manage Sell, PC

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Chris Mardelli

Broker | License ID: 01834969

+1(310) 571-5761

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