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2124 Elm Ave Long Beach, CA 90806

$840,000 Sold Price as of 07/27/2023

6 Beds
3.5 Baths
2,352 Sq.Ft.

Sold

$840,000 Sold Price as of 07/27/2023 Refinance Your Mortgage

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Map preview of 2124 Elm Ave, Long Beach, CA 90806

Property Overview: 2124 Elm Ave Long Beach, CA has 6 bedrooms, 3.5 bathrooms, 2,352 living square feet and 7,307 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Three on a large lot, all single story 2 bedroom Units. Unit Mix - 2/1.5, 2 + Den/1, 2/1. Hot and Cold Water pipes have been updated to copper pipes. Ceramic tile floors. Gated property. Outdoor space for tenants' use. Individual meters for Gas and Electric. Long term tenants. Convenient location near Metro rail, buses, and shopping. Great for owner occupied or an investor.

Listed by Richard Bell | BRE #01344469 | Bell Realty Group

Last checked: 2 minutes ago | Last updated: July 27th, 2023 | Source CRMLS | DOM: 25

Home details

Lot Sq. Ft: 7,307
HOA Dues: $0/mo
Year built: 1910
Garage: --
Property Type:: Triplex

Status: Sold
MLS#: PW23080258
City: Long Beach
County: Los Angeles
Time on Site: 346 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 3
Total # of Buildings: 3
# of Electric Meters: 3
# of Gas Meters: 3
# of Water Meters: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 2
# of Baths: 2
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,200
Total Rent: $1,200
Pro Forma/Market Rent: $1,750

Unit Breakdown 2

# of Units: 1
# of Beds: 2
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,010
Total Rent: $1,010
Pro Forma/Market Rent: $1,650

Unit Breakdown 3

# of Units: 1
# of Beds: 2
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,200
Total Rent: $1,200
Pro Forma/Market Rent: $1,850

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: --
Gross Scheduled Income: $40,920
Net Operating Income: $22,404
Gross Operating Income: $39,692
Vacancy Allowance: $1,228
Other Income Description: Gross Income is at Market Rent

Annual Expense Breakdown

Total Operating Expense: $17,289
Licenses: $100
New Taxes: $10,625
Trash: $0
Insurance: $1,400
Maintenance: $1,200
Water/Sewer: $2,400
Other Expenses: $1,564
Other Expense Description: Misc.

Property Details for 2124 Elm Ave

Interior Features

Laundry Information

No Laundry
None

Room Information

Flooring: Tile
All Bedrooms Down

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Parking/Garage Information

# of Parking Spaces: 3
Has Parking
Parking Features: On Site

Lot Information

Lot Features: Level with Street
Lot Size Source: Assessor
Common Interest: None

Property Information

Common Walls: No Common Walls
Total # of Units: 3
Parcel Number: 7208028019
Year Built Source: Assessor
Entry Level: 1
Property is not Attached

Homeowners Association, Utilities, Taxes / Assessments

Homeowners Association

Is Not Part of Association

Utilities Information

Sewer: Public Sewer
Water Source: Public
Utilities: Electricity Connected, Natural Gas Connected

Location / Neighborhood

Location Information

Subdivision Name: Other (OTHR)
Other Subdivision Name: None
Directions: East of Long Beach Blvd and North of 21st St. on Elm Ave.
Road Frontage Type: Alley, City Street

Neighborhood Information

Community Features: Sidewalks

View more facts & features

Local Long Beach Agent

Sale History for 2124 Elm Ave

Last sold for $840,000 on July 27th, 2023

July, 2023
Jul 27, 2023

Date

Sold

CRMLS: PW23080258

$840,000

Price
May 12, 2023

Date

Active

CRMLS: PW23080258

$850,000

Price
June, 2013
Jun 19, 2013

Date

Sold (Public Records)

Public Records

--

Price
June, 2013
Jun 14, 2013

Date

Sold (Public Records)

Public Records

$371,000

Price

Tax History for 2124 Elm Ave

Assessed Value (2020): $417,735

Year	Land Value	Improved Value	Assessed Value
2020	$225,195	$192,540	$417,735

Home Value Compared to the Market

This property vs the competition

2124 Elm Ave sold on July 27, 2023 for 6.25% higher than the current median sold price for the city of Long Beach which is $800,000. The median sold price per/sqft for Long Beach is $632 and this home is sold at $361.39 per/sqft which puts the price per square foot 42.82% lower than the current median sale per square foot for the city of Long Beach.

About 2124 Elm Ave

Detailed summary of property

2124 Elm Ave is a triplex that recently sold in Long Beach, CA 90806. This triplex offered 6 bedrooms, 3.5 bathrooms, roughly 2,352 living square feet, and sits on an approximately 7,307 square foot lot. 2124 Elm Ave was first listed on ArdentRealEstateGroup.com on June 5, 2023. The homeowner sold the property for $840,000. Home in Long Beach are selling for a median price of $800,000 and a median price per square foot of $632. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 6.25% higher than the current median priced home. Local homes that are currently for sale include 1022 Raymond Ave, 430 Rose Ave and 1746 E Florida St. While the average home in Long Beach, CA is selling in 51 days, 2124 Elm Ave has a days on market of 25 days. There are currently 643 homes for sale in the Long Beach real estate market and 358 of them are single family homes while 270 of them are condos and 15 are townhomes. For more information on this home for sale at 2124 Elm Ave Long Beach, CA 90806 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 2124 Elm Ave

Public county record property details

Beds: 6
Baths: 3
Year built: 1910
Sq. Ft.: 2,352
Lot Size: 7,306
Stories: --

Type: Triplex (3 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 30,32
APN: 7208-028-019

The source for these homes facts are from public records.

90806 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$795,000

Median List Price/Sq.Ft.

$614

Median Sold Price

$600,000

Median Sold Price/Sq.Ft.

$641

Total Inventory

Median Sale to List Price %

101.69%

Avg Days on Market

Loan Type

Conventional (55.56%), FHA (11.11%), VA (0%), Cash (0%), Other (33.33%)

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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.