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138 Elm Avenue, Long Beach, CA 90802

$5,700,000 Sale Pending

  • For Sale
  • Pending
  • Multi-Family
138 Elm Avenue, Long Beach, CA 90802View this property at 138 Elm Avenue, Long Beach, CA 90802
138 Elm AvenueLong BeachCA90802

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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.

Full Property Detailsfor 138 Elm Avenue

General

  • Price: $5,700,000
  • Status: Pending
  • Type: Multi-Family
  • MLS ID: PW17097787
  • Updated: 4/9/2018
  • Added: 381 day(s) ago

Interior

  • Interior Features: Ceiling Fan, Granite Counters
  • Appliances: Dishwasher, Gas Stove, Microwave, Refrigerator
  • Flooring: Wood

Rooms

Other Rooms

  • Laundry: Community

Additional Information

  • Pool Description: None

Parking

  • Parking Features: Off-Site
  • Parking: Off-Site

Location

  • Area: 4 - Downtown Area, Alamitos Beach
  • County: Los Angeles
  • Development Name: 4 - Downtown Area, Alamitos Beach
  • Driving Directions: Elm Avenue & East Broadway

Utilities

  • Water: Public
  • # Water Meters: 24
  • # Gas Meters: 24
  • # Electric Meters: 24

Structural Information

  • Stories/Levels: Two
  • Stories Description: Two
  • Square Feet: 11,744
  • Year Built: 1914

Unit Information

Unit 1

  • Number of Units: 16
  • Total Bathrooms: 1

Unit 2

  • Number of Units: 6
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 3

  • Number of Units: 2
  • Total Bathrooms: 1
  • Bedrooms: 2

Lot Features

  • Lot Size (Sq. Ft.): 7,514
  • Lot Size Source: Assessor
  • Zoning: LBPD30
  • Lot Description: Level with Street, No Landscaping

Financial Considerations

  • Price Per Sq. Ft.: $485.35
  • Price Per Unit: 237500

Listed by Keller Williams Pacific Estate, Robert Stepp

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Schools

Schoolsserving 138 Elm Avenue

School District:Long Beach Unified School District
School Name
Grades
Distance
Stevenson Elementary School
515 Lime Ave, Long Beach, CA 90802
K-5
0.4 mi
Franklin Classical Middle School
540 Cerritos Ave, Long Beach, CA 90802
6-8
0.6 mi
Polytechnic High School
1600 Atlantic Ave, Long Beach, CA 90813
9-12
1.2 mi
Disclaimer: School data provided by Pitney Bowes. School attendance boundaries are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History

Price & Sales Historyfor 138 Elm Avenue Get Price Alerts

Date
Details
Price
Change
Source
5/04/2017
Listed
$5,700,000
45500%
MLS
2/20/2015
Sold
$12,500
-99.55%
Public Record
1/14/2015
Sold
$2,800,000
250%
Public Record
11/13/2014
Sold
$800,000
100%
Public Record
10/14/2014
Sold
$400,000
Public Record
Disclaimer: Historical sales and tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Community Info

Community Infofor 138 Elm Avenue

Listed by Keller Williams Pacific Estate, Robert Stepp

138 Elm Avenue, Long Beach, CA 90802 (MLS# PW17097787) is a Multi-Family property with 24 units containing 0 bedrooms and 0 full bathrooms. 138 Elm Avenue is currently listed for $5,700,000 and was received on May 04, 2017. Want to learn more about 138 Elm Avenue? Do you have questions about finding other Multi-Family real estate for sale in Long Beach? You can browse all Long Beach real estate or contact a Coldwell Banker agent to request more information.