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2508 Elm Ave Long Beach, CA 90806

$1,075,000 Sold Price as of 10/10/2019

8 Beds
5 Baths
3,570 Sq.Ft.

Sold

$1,075,000 Sold Price as of 10/10/2019 Refinance Your Mortgage

Map preview of 2508 Elm Ave, Long Beach, CA 90806

Property Overview: 2508 Elm Ave Long Beach, CA has 8 bedrooms, 5 bathrooms, 3,570 living square feet and 5,979 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Price reduced! This is an opportunity in the desirable Wrigley area of Long Beach 90806. Upgraded 4 unit property with 3 units in the front building and 1 unit in the newer back building built in 2012. The newer building features energy efficient dual pane windows, new roof, and two large decks. The other three units have some upgrades including granite countertops in kitchens. This pride of ownership property has partially upgraded electrical and copper plumbing, rebuilt front porch and earthquake retrofitting all done with permits. Both buildings have beautifully upgraded exteriors and landscaping. Front and back gate keyless entries, exterior cameras, sprinkler system in front yard, on site laundry room, and gated parking with remote entry. There's an upside in rents and this spacious property is in an up-and-coming neighborhood, close to Memorial Hospital and many new medical buildings/facilities. Ideal for an investor or for an owner who wants to live in one unit. Very good location in 90806, just south of Willow, minutes to shopping center with Albertsons and Starbucks, Bixby Knolls, freeways, and more.

Listed by Denise Reesha | BRE #01411207 | Keller Williams Pacific Estate

Last checked: 10 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 177

Home details

Lot Sq. Ft: 5,979
HOA Dues: $0/mo
Year built: 1925
Garage: 4 Car
Property Type:: Multi Family

Status: Sold
MLS#: PW19024075
City: Long Beach
County: Los Angeles
Time on Site: 1445 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 4
Total # of Buildings: 2
# of Electric Meters: 4
# of Gas Meters: 1
# of Water Meters: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 3
# of Baths: 1
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,500
Total Rent: $1,500
Pro Forma/Market Rent: $1,800

Unit Breakdown 2

# of Units: 1
# of Beds: 2
# of Baths: 2
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,745
Total Rent: $1,745
Pro Forma/Market Rent: $2,400

Unit Breakdown 3

# of Units: 1
# of Beds: 2
# of Baths: 1
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,250
Total Rent: $1,250
Pro Forma/Market Rent: $1,300

Unit Breakdown 4

# of Units: 1
# of Beds: 1
# of Baths: 1
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $950
Total Rent: $950
Pro Forma/Market Rent: $1,100

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: --
Gross Scheduled Income: $66,540
Net Operating Income: $45,236
Gross Operating Income: --
Laundry Income: $1,200

Annual Expense Breakdown

Total Operating Expense: $21,304
Electric: $679
Gas/Fuel: $0
Licenses: $244
New Taxes: $14,062
Trash: $1,200
Insurance: $1,404
Water/Sewer: $2,899

Virtual Tour

Use the following link to view this property's virtual tour:

Virtual Tour URL (external link)

Property Details for 2508 Elm Ave

Interior Features

Laundry Information

Has Laundry
Community

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Parking/Garage Information

# of Garage Spaces: 4
# of Parking Spaces: 4

Lot Information

Lot Features: Sprinklers In Front
Lot Size Source: Assessor

Property Information

Common Walls: 1 Common Wall
Total # of Units: 4
Parcel Number: 7208004012
Year Built Source: Assessor
Property is Attached

Homeowners Association, Utilities, Taxes / Assessments

Utilities Information

Sewer: Public Sewer
Water Source: Public

Location / Neighborhood

Location Information

Subdivision Name: Wrigley Area (WR)
Directions: south of Willow and west of Atlantic

Neighborhood Information

Community Features: Sidewalks, Street Lights

View more facts & features

Local Long Beach Agent

Sale History for 2508 Elm Ave

Last sold for $1,075,000 on October 10th, 2019

October, 2019
Oct 10, 2019

Date

Sold

CRMLS: PW19024075

$1,075,000

Price
Aug 5, 2019

Date

Pending

CRMLS: PW19024075

$1,075,000

Price
Jul 19, 2019

Date

Active

CRMLS: PW19024075

$1,075,000

Price
Jul 15, 2019

Date

Hold

CRMLS: PW19024075

$1,075,000

Price
Jun 18, 2019

Date

Active

CRMLS: PW19024075

$1,075,000

Price
Jun 17, 2019

Date

Hold

CRMLS: PW19024075

$1,075,000

Price
Jun 4, 2019

Date

Price Change

CRMLS: PW19024075

$1,075,000

Price
Apr 9, 2019

Date

Price Change

CRMLS: PW19024075

$1,089,000

Price
Mar 12, 2019

Date

Price Change

CRMLS: PW19024075

$1,099,000

Price
Feb 1, 2019

Date

Active

CRMLS: PW19024075

$1,115,000

Price
October, 2019
Oct 10, 2019

Date

Sold (Public Records)

Public Records

$1,075,000

Price
October, 2018
Oct 8, 2018

Date

Expired

CRMLS: PW18136365

$1,100,000

Price
Oct 8, 2018

Date

Active

CRMLS: PW18136365

$1,100,000

Price
Oct 7, 2018

Date

Hold

CRMLS: PW18136365

$1,100,000

Price
Oct 7, 2018

Date

Active

CRMLS: PW18136365

$1,100,000

Price
Oct 6, 2018

Date

Hold

CRMLS: PW18136365

$1,100,000

Price
Sep 25, 2018

Date

Price Change

CRMLS: PW18136365

$1,100,000

Price
Sep 4, 2018

Date

Price Change

CRMLS: PW18136365

$1,125,000

Price
Jul 11, 2018

Date

Price Change

CRMLS: PW18136365

$1,145,000

Price
Jun 9, 2018

Date

Active

CRMLS: PW18136365

$1,150,000

Price
Listing provided courtesy of CRMLS
October, 2010
Oct 4, 2010

Date

Sold (Public Records)

Public Records

$270,000

Price

Tax History for 2508 Elm Ave

Assessed Value (2020): $1,075,320

Year	Land Value	Improved Value	Assessed Value
2020	$500,000	$575,320	$1,075,320

Home Value Compared to the Market

This property vs the competition

2508 Elm Ave sold on October 10, 2019 for 28.28% higher than the current median sold price for the city of Long Beach which is $838,000. The median sold price per/sqft for Long Beach is $664 and this home is sold at $301.12 per/sqft which puts the price per square foot 54.65% lower than the current median sale per square foot for the city of Long Beach.

About 2508 Elm Ave

Detailed summary of property

2508 Elm Ave is a multi family that recently sold in Long Beach, CA 90806. This multi family property offered 8 bedrooms, 5 bathrooms, roughly 3,570 living square feet, and sits on an approximately 5,979 square foot lot. 2508 Elm Ave was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $1,075,000. Home in Long Beach are selling for a median price of $838,000 and a median price per square foot of $664. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 28.28% higher than the current median priced home. Local homes that are currently for sale include 1631 E 88th St, 1158 E 88th Pl and 425 W Century Blvd. While the average home in Long Beach, CA is selling in 54 days, 2508 Elm Ave has a days on market of 177 days. There are currently 699 homes for sale in the Long Beach real estate market and 387 of them are single family homes while 291 of them are condos and 21 are townhomes. For more information on this home for sale at 2508 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 2508 Elm Ave

Public county record property details

Beds: 9
Baths: 5
Year built: 1900
Sq. Ft.: 3,570
Lot Size: 5,979
Stories: --

Type: Quadruplex (4 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 11
APN: 7208-004-012

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

$799,000

Median List Price/Sq.Ft.

$522

Median Sold Price

$920,000

Median Sold Price/Sq.Ft.

$805

Total Inventory

Median Sale to List Price %

97.87%

Avg Days on Market

Loan Type

Conventional (66.67%), FHA (0%), 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.