1445 Elm Ave

1445 Elm is a seven-unit investment opportunity located in Long Beach, California.

The property consists of four separate structures on a 7,476 square foot lot. Built in 1905, it includes (2) studios, (1) two-bedroom one-bath unit, and (4) one-bedroom one-bath units. The asset is well-managed, with most units at or near market rent. New ownership has the opportunity to capture remaining loss to lease and benefit from a stable, cash-flowing investment. 1445 Elm is conveniently located just a 5-minute walk from the Metro A Line Anaheim Street station and a short drive to the East Village Arts District and the Pacific shoreline. Within a one-mile radius are two of Long Beach's largest employers St. Mary Medical Center and Long Beach City College. Long Beach continues to be a high-growth residential area, with approximately 1,100 units currently in the construction pipeline, representing a 1.8%increase in total housing inventory upon completion. In the past 12 months, the submarket has seen the delivery of approximately 280 net new units.

This home located at 1445 Elm Ave is currently active and has been available on pardeeproperties.com for 93 days. This property is listed at $1,849,000. It has 6 beds and 7 bathrooms. The property was built in 1905. 1445 Elm Ave is in the Poly High community of County.

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