Silva Babaian  Realtor, Real Estate Agent, Granada Hills, CA

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    3430 Elm Avenue, Long Beach, CA 90807
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    3430 Elm Avenue
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    • MLS#: OC24133197 ( Multi Family )
    • Street Address: 3430 Elm Avenue
    • Viewed: 23
    • Price: $8,750,000
    • Price sqft: $0
    • Waterfront: No
    • Year Built: 1964
    • Bldg sqft: 0
    • Days On Market: 209
    • Additional Information
    • County: LOS ANGELES
    • City: Long Beach
    • Zipcode: 90807
    • Provided by: Realty One Group West
    • Contact: Maty Maty
    • California Regional MLS IDX
    • DMCA Notice
    • Description
      Back on the Market: This is a great opportunity for a buyer who can perform! There is only UPSIDE HERE! Discover an exceptional investment opportunity in Bixby with this well maintained multi family residential income portfolio. This portfolio presents an attractive opportunity consisting of 28 2 bedroom units, each offering 1.5 or 1.75 baths. Building 1: 3430 ELM AVENUE 14 units all 2 bedrooms and 1.5 bath Building 2: 3440 ELM AVENUE: 14 units all 2 bedrooms and 1.75 bath **Key Features:** **Location:** Conveniently situated close to freeways and downtown Bixby, providing easy access to amenities and commuter routes. Atlantic and Wardlow, 405 Highway, Metrolink, and public transportation are available. They are close to hospitals, retail shopping centers, and parks. **Unit Configuration:** All units are spacious 2 bedroom layouts, designed to appeal to a wide range of tenants seeking comfort and convenience. Units can be renovated to generate higher market rent. **Maintenance:** Well maintained buildings with recent updates. New Boiler in 3430, Resident Manager on site. Newly updated units. **Community Amenities:** Nearby parks, shopping, dining, and entertainment options enhance tenant satisfaction and attract potential renters. **Parcel Details:** Comprising two separate parcels sold as one portfolio, providing flexibility and potential for future development or management strategies.
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    Features
    Accountingtype
    1. Actual
    Additional Parcels Description
    1. 7145011013
    Assetclass
    1. Multi-Family
    Building Area Total
    1. 56690.00
    Commoninterest
    1. None
    Construction Materials
    1. Concrete
    2. Drywall Walls
    3. Stucco
    Cooling
    1. Wall/Window Unit(s)
    Country
    1. US
    Current Financing
    1. None
    Current Use
    1. Residential
    Current Use Comments
    1. Rental
    Electric
    1. Standard
    Electric Expense
    1. 6758.00
    Expense Year
    1. 2023
    Fencing
    1. Security
    Heating
    1. Wall Furnace
    Insurance Expense
    1. 20800.00
    Land Use
    1. Multi-Family
    Laundry Equipment Own Lease
    1. Lease
    Laundry Features
    1. Common Area
    Laundry Income
    1. 4841.00
    Netoperatingincome
    1. 319325.00
    Parcel Number
    1. 7145011012
    Parking Ratio
    1. 0.90
    Postalcodeplus4
    1. 4446
    Professionalmanagementexpense
    1. 29416.00
    Property Type
    1. Multi Family
    Residentmanagerexpense
    1. 20340.00
    Roof
    1. Composition
    Security Features
    1. Gated Community
    2. Resident Manager
    3. Smoke Detector(s)
    Suppliesexpense
    1. 1662.00
    Totalexpenses
    1. 248074.00
    Trash Expense
    1. 18443.00
    Utilities
    1. Electricity Connected
    2. Natural Gas Connected
    3. Phone Available
    4. Sewer Connected
    5. Water Connected
    Views
    1. 23
    Water Sewer Expense
    1. 17117.00
    Water Source
    1. Public
    Year Built
    1. 1964
    Zoning
    1. LB4RN
    Headshot for Associate Silva Babaian
    1. Silva Babaian / Realtor
    2. Coldwell Banker Exclusive
    3. CalBRE Lic # 01365805
    4. Mobile: 818.414.6744
    5. Fax: 818.338.5836