319 Elm Avenue, Long Beach, CA 90802

$5,700,000
11,838
SqFt
List Price
$5,700,000
Status
ACTIVE
MLS#
PW19005891
Year Built
1912
Living Sq. Ft
11,838
Lot Size
7,531
Acres
0.1729
Lot Location
21-25 Units/Acre
Days on Market
73
Property Type
Multifamily
Stories
Three Or More Levels
Days on Market
37

Property Description

We are pleased to present a 24-unit multifamily community located in the thriving East Village area of Downtown. Built in 1912, the property has approximately 11,838 rentable square feet and a lot size of 7,531 square feet. Downtown Long Beach is experiencing significant redevelopment and the subject property is situated at the center of the revitalization. The Area is considered the epicenter of the local arts and cultural scene in the city. This area is the hub of tourism, business and transit that is Downtown Long Beach. Long Beach continues to progress and currently there is $2.2 billion of new construction underway. An example of this large scale redevelopment is the Long Beach Civic Center, which is estimated to be completed early 2019. The Civic Center will include a new city hall and the Port of Long Beach headquarters, as well as multifamily residential units. Long Beach sustains its ability to attract renters due to its strong economy and high quality of life. This is a rare opportunity to acquire a quality, pride-of ownership asset in this outstanding rental market and would make a great addition to any investors portfolio.

Additional Information

Tract Number
576200
Lot Description
Curbs, Sidewalks
Pool Description
None
Sewer
Public Sewer, Septic Type Unknown
Water
Public
Attached Structure
Attached
Total Number of Units
24

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Kevin King from Marcus & Millichap

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.