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2650 Elm Ave #108, Long Beach, CA 90806
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2650 Elm Ave #108 Long Beach, CA 90806

$917,000 Sold Price as of 08/12/2021
  • -- Beds
  • 6 Baths
  • 3,440 Sq.Ft.
Sold
$917,000 Sold Price as of 08/12/2021 Refinance Your Mortgage
Map preview of 2650 Elm Ave #108, Long Beach, CA 90806

Property Overview: 2650 Elm Ave #108 Long Beach, CA has -- bedrooms, 6 bathrooms, 3,440 living square feet and 48,600 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: This is a Rare Opportunity to own a medical condominium consisting of 6 units totaling 3,440 sq ft in the Elm Avenue Medical Plaza, adjacent to the Long Beach Memorial Medical Center & Miller Children's and Women's Hospital. Subject property is currently operated as an ophthalmologist and optometrist eye care center. It is pleasantly improved with a sizable patient waiting area, an eyewear fitting showroom as well as a large open reception space with 6 work stations. On the ophthalmologist side are 6 exam rooms with work counter & sink and 2 eye testing rooms. On the optometrist side are 1 refraction exam room & 2 technician rooms. In addition, the suite is outfitted with 3 offices, filing & storage areas and a staff break-room service counter. While there are a handicap restroom and a private bathroom with a shower, visitors can use the 2 public restrooms in the common area close to the suite. The medical suite has multiple doors to allow flexible access. 3 assigned parking spaces are dedicated to the unit besides a parking lot with ample parking spaces. Elm Avenue Medical Plaza is a well established guard gated medical complex consisting of 3 buildings totaling 38,267 sq ft. It is centrally located within a medical corridor along Long Beach Blvd. Its most notable buildings are the hospitals that have served the large population in the community for decades.

Listed by Amy Haw | BRE #01035410 | Keller Williams Palos Verdes
Last checked: 12 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 16

Home details

Lot Sq. Ft
48,600
HOA Dues
$0/mo
Year built
1982
Garage
--
Property Type:
Office
Status
Sold
MLS#
PV20192367
City
Long Beach
County
Los Angeles
Time on Site
1339 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 3
Unit Breakdown 1
  • # of Units: 6
  • # of Beds: --
  • # of Baths: 1
  • Actual Rent: $7,396
  • Total Rent: --
Property Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.25%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $88,752
  • Net Operating Income: $51,214
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $37,538
  • Insurance: $4,000
  • Other Expenses: $20,180

Property Details for 2650 Elm Ave #108

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Cul-De-Sac, Level with Street, Near Public Transit
  • Lot Size Source: Assessor
  • Common Interest: Condominium
Property Information
  • Total # of Units: 6
  • Parcel Number: 7207011059
  • Year Built Source: Assessor
  • Entry Level: 1
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
  • Utilities: Electricity Connected, Phone Connected, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Directions: Long Beach Blvd to E. 27th St. to Elm Ave.
View more facts & features

Local Long Beach Agent

Sale History for 2650 Elm Ave #108

Last sold for $917,000 on August 12th, 2021

  • August, 2021

  • Aug 12, 2021

    Date

    Sold

    CRMLS: PV20192367

    $917,000

    Price

  • Oct 2, 2020

    Date

    Active Under Contract

    CRMLS: PV20192367

    $975,000

    Price

  • Sep 15, 2020

    Date

    Active

    CRMLS: PV20192367

    $975,000

    Price

Tax History for 2650 Elm Ave #108

Assessed Value (2020): $157,508
Year Land Value Improved Value Assessed Value
2020 $54,217 $103,291 $157,508

Home Value Compared to the Market

This property vs the competition

2650 Elm Ave #108 sold on August 12, 2021 for 21.88% 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 $283.43 per/sqft which puts the price per square foot 55.15% lower than the current median sale per square foot for the city of Long Beach.

About 2650 Elm Ave #108

Detailed summary of property

2650 Elm Ave #108 is a office that recently sold in Long Beach, CA 90806. This office offered -- bedrooms, 6 bathrooms, roughly 3,440 living square feet, and sits on an approximately 48,600 square foot lot. 2650 Elm Ave #108 was first listed on ArdentRealEstateGroup.com on September 15, 2020. The homeowner sold the property for $917,000. 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 21.88% higher than the current median priced home. Local homes that are currently for sale include 4049 Almond St #2 and 4545 Allstate Dr. While the average home in Long Beach, CA is selling in 51 days, 2650 Elm Ave #108 has a days on market of 16 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 2650 Elm Ave #108 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 2650 Elm Ave #108

Public county record property details
Beds
--
Baths
--
Year built
1982
Sq. Ft.
558
Lot Size
48,612
Stories
--
Type
Medical Bldg/Clinic
Pool
No
Spa
No
County
Los Angeles
Lot#
1
APN
7207-011-059

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
13
Median Sale to List Price %
101.69%
Avg Days on Market
16
Loan Type
Conventional (55.56%), FHA (11.11%), VA (0%), Cash (0%), Other (33.33%)

Thinking of Selling?

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(714) 706-1823

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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.

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