$5,475,000
$5,700,000
3.9%For more information regarding the value of a property, please contact us for a free consultation.
138 Elm AVE Long Beach, CA 90802
11,744 SqFt
Key Details
Sold Price $5,475,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 11,744 sqft
Price per Sqft $466
Subdivision Downtown (Dt)
MLS Listing ID PW17097787
Sold Date 08/24/18
Construction Status Turnkey
HOA Y/N No
Year Built 1914
Property Description
The Elm Avenue Apartments is a 2 story 24-unit apartment community located in the burgeoning East Village Arts District submarket of Long Beach. The property is comprised of sixteen studios, six 1 bedroom + 1 bath units and two 2 bedroom + 1 bath units. All units have been completely renovated.
The community amenities include a modern rooftop deck, an on-site laundry facility and off-site parking.
The Property offers investors a great opportunity to acquire a turn-key asset in a strong non-rent controlled market.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Zoning LBPD30
Rooms
Ensuite Laundry Common Area
Interior
Interior Features Ceiling Fan(s), Granite Counters
Laundry Location Common Area
Flooring Wood
Fireplace No
Appliance Dishwasher, Gas Cooktop, Microwave, Refrigerator
Laundry Common Area
Exterior
Garage Off Site
Pool None
Community Features Urban
Parking Type Off Site
Private Pool No
Building
Lot Description No Landscaping, Street Level
Story Two
Entry Level Two
Sewer Unknown
Water Public
Level or Stories Two
New Construction No
Construction Status Turnkey
Others
Tax ID 7281019014
Security Features Key Card Entry
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Financing Cash
Special Listing Condition Standard
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Bought with Jonathan Swire • The Agency
GUIDE SoCal
Broker | License ID: DRE#01976964