2310 Elm Long Beach, CA 90806
UPDATED:
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Subdivision Wrigley Area (Wr)
MLS Listing ID SB26120106
HOA Y/N No
Year Built 1921
Lot Size 5,384 Sqft
Property Sub-Type Triplex
Property Description
For the investor, this property generates immediate cash flow from day one. With a 30% down conventional loan, you step into positive cash flow at current rents with strong long-term appreciation potential and multiple built-in avenues to grow income over time. In addition, ADU permits were pursued to convert existing garages into more units (buyer to verify) offering another value-add play.
For the owner-user, this is a rare live-and-earn opportunity. Occupy one of the units and let the other two work for you — tenant rents offset a substantial portion of your monthly carrying costs, making homeownership in Long Beach dramatically more attainable while you build equity in a cash-flowing asset. FHA and low-down owner-occupant financing options may apply.
Located in a desirable Long Beach rental corridor, 2310 Elm Avenue offers an exceptional combination of immediate income, long-term appreciation, and multiple paths to grow value. Whether you are an investor seeking a turn-key cash-flowing asset or an owner-user ready to reduce your cost of living, this is the opportunity you have been waiting for. Offered at $905,000, 10.66 GRM & 6.4% Cap Rate.
Location
State CA
County Los Angeles
Area 5 - Wrigley Area
Zoning LBR1N
Interior
Heating Wall Furnace
Fireplace No
Laundry Common Area, Inside
Exterior
Garage Spaces 5.0
Garage Description 5.0
Pool None
Community Features Sidewalks, Urban
Utilities Available Electricity Connected, Natural Gas Available, Sewer Connected, Water Available
Roof Type Shingle
Total Parking Spaces 5
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 7208016022
Energy Description 2040.0
Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, 1031 Exchange
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS
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