Image 2 for 1445 Elm Ave, Long Beach, CA 90813

View Photos

1445 Elm Ave Long Beach, CA 90813

$1,565,000 Sold Price as of 09/29/2021

6 Beds
7 Baths
4,680 Sq.Ft.

Sold

$1,565,000 Sold Price as of 09/29/2021 Refinance Your Mortgage

Refinance Your Mortgage

Map preview of 1445 Elm Ave, Long Beach, CA 90813

Property Overview: 1445 Elm Ave Long Beach, CA has 6 bedrooms, 7 bathrooms, 4,680 living square feet and 7,476 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Great investment opportunity to own a seven unit apartment community in a strong Long Beach rental market. There is lots of potential in future rent increases. Bring your tool box and creativity to do some TLC!!! A good candidate for the California ADU additions subject to the current California ADU Laws!!!

Listed by Ahmad Bdeiwi | BRE #01760479 | Ahmad Bdeiwi
Co-listed by Robert Stepp | BRE #01456379 | Keller Williams - Santa Monica

Last checked: 14 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 1

Home details

Lot Sq. Ft: 7,476
HOA Dues: $0/mo
Year built: 1905
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: OC21174055
City: Long Beach
County: Los Angeles
Time on Site: 1140 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 7
Total # of Buildings: 4
# of Electric Meters: 8
# of Gas Meters: 7
# of Water Meters: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 2
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,650
Total Rent: $1,650
Pro Forma/Market Rent: $1,850

Unit Breakdown 2

# of Units: 1
# of Beds: 2
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,250
Total Rent: $1,250
Pro Forma/Market Rent: $1,650

Unit Breakdown 3

# of Units: 1
# of Beds: 1
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,150
Total Rent: $1,150
Pro Forma/Market Rent: $1,400

Unit Breakdown 4

# of Units: 1
# of Beds: 1
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,150
Total Rent: $1,150
Pro Forma/Market Rent: $1,400

Unit Breakdown 5

# of Units: 1
# of Beds: 0
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,150
Total Rent: $1,150
Pro Forma/Market Rent: $1,250

Unit Breakdown 6

# of Units: 1
# of Beds: 0
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,150
Total Rent: $1,150
Pro Forma/Market Rent: $1,250

Unit Breakdown 7

# of Units: 1
# of Beds: 0
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,150
Total Rent: $1,150
Pro Forma/Market Rent: $1,250

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: --
Gross Scheduled Income: $103,800
Net Operating Income: $74,828
Gross Operating Income: --

Annual Expense Breakdown

Total Operating Expense: $28,972
Electric: $0
Gas/Fuel: $0
Trash: $0
Insurance: $3,763
Professional Management: $3,114
Water/Sewer: $0

Property Details for 1445 Elm Ave

Interior Features

Laundry Information

No Laundry
None

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Lot Information

Lot Features: Level with Street
Lot Size Source: Public Records
Common Interest: Community Apartment

Property Information

Common Walls: No Common Walls
Total # of Units: 7
Parcel Number: 7269026021
Year Built Source: Public Records
Property is not Attached

Homeowners Association, Utilities, Taxes / Assessments

Utilities Information

Sewer: Public Sewer
Water Source: Public

Location / Neighborhood

Location Information

Subdivision Name: Other (OTHR)
Other Subdivision Name: ENO & VARNEY
Directions: From Pacific Coast Highway go South on Long Beach Boulevard make a left on 15th Street Right on Elm Avenue

Neighborhood Information

Community Features: Curbs

View more facts & features

Local Long Beach Agent

Sale History for 1445 Elm Ave

Last sold for $1,565,000 on September 29th, 2021

September, 2021
Sep 30, 2021

Date

Sold

CRMLS: OC21174055

$1,565,000

Price
Aug 28, 2021

Date

Pending

CRMLS: OC21174055

$1,625,000

Price
Aug 9, 2021

Date

Active Under Contract

CRMLS: OC21174055

$1,625,000

Price
Aug 7, 2021

Date

Active

CRMLS: OC21174055

$1,625,000

Price
March, 2016
Mar 16, 2016

Date

Sold (Public Records)

Public Records

$1,100,000

Price
July, 2014
Jul 3, 2014

Date

Sold (Public Records)

Public Records

$700,000

Price

Tax History for 1445 Elm Ave

Assessed Value (2020): $1,191,174

Year	Land Value	Improved Value	Assessed Value
2020	$378,850	$812,324	$1,191,174

Home Value Compared to the Market

This property vs the competition

1445 Elm Ave sold on September 29, 2021 for 98.41% higher than the current median sold price for the city of Long Beach which is $819,000. The median sold price per/sqft for Long Beach is $628 and this home is sold at $347.22 per/sqft which puts the price per square foot 44.71% lower than the current median sale per square foot for the city of Long Beach.

About 1445 Elm Ave

Detailed summary of property

1445 Elm Ave is a multi family that recently sold in Long Beach, CA 90813. This multi family property offered 6 bedrooms, 7 bathrooms, roughly 4,680 living square feet, and sits on an approximately 7,476 square foot lot. 1445 Elm Ave was first listed on ArdentRealEstateGroup.com on August 7, 2021. The homeowner sold the property for $1,565,000. Home in Long Beach are selling for a median price of $819,000 and a median price per square foot of $628. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 98.41% higher than the current median priced home. Local homes that are currently for sale include 2264 Magnolia Ave, 1616 E 4th St and 436 Gaviota Ave. While the average home in Long Beach, CA is selling in 62 days, 1445 Elm Ave has a days on market of 1 days. There are currently 778 homes for sale in the Long Beach real estate market and 416 of them are single family homes while 337 of them are condos and 23 are townhomes. For more information on this home for sale at 1445 Elm Ave Long Beach, CA 90813 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 1445 Elm Ave

Public county record property details

Beds: 6
Baths: 7
Year built: 1905
Sq. Ft.: 4,680
Lot Size: 7,475
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 9
APN: 7269-026-021

The source for these homes facts are from public records.

90813 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$560,000

Median List Price/Sq.Ft.

$553

Median Sold Price

$495,000

Median Sold Price/Sq.Ft.

$587

Total Inventory

Median Sale to List Price %

99.02%

Avg Days on Market

Loan Type

Conventional (100%), FHA (0%), VA (0%), Cash (0%), Other (0%)

Thinking of Selling?

Is this your property?
Thinking of Selling?
Call, Text or Message

(714) 706-1823

Homes for Sale Near 1445 Elm Ave

Nearby Homes for Sale

Recently Sold Homes Near 1445 Elm Ave

$1,068,000 Last Sold Price

36 Beds

20 Baths

4250 Sq.Ft.

1456 Elm Ave
Long Beach, CA 90813

$2,375,000 Last Sold Price

20 Beds

10 Baths

6678 Sq.Ft.

1470 Elm Ave
Long Beach, CA 90813

$1,420,000 Last Sold Price

9 Beds

5 Baths

2946 Sq.Ft.

1451 Linden Ave
Long Beach, CA 90813

$949,000 Last Sold Price

6 Beds

6 Baths

4167 Sq.Ft.

1415 Linden Ave
Long Beach, CA 90813

Related Resources to 1445 Elm Ave

New Listings in 90813

Popular Zip Codes

Popular Cities

Other Long Beach Resources

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.