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1430 Elm Ave , Long Beach, CA 90813
$3,075,000
Est. Payment: $16,287.22/mo
1 Bed
1 Bath
9690 Sqft
Status: Active | Days on site: 35
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CLW-X72854 - CLW-C102486
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Chris Heller
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House Description

$100,000 Price Reduction | Actual 6.48% Cap Rate | This 14-unit apartment building is located in an established residential neighborhood in Long Beach. Built in 1930, the property showcases classic Spanish style architecture, with a consistent unit mix of 14 one-bedroom, one-bathroom apartments averaging 692 square feet each. The property features a sun deck, patio areas and anapproximate 3,500 square feet landscaped backyard with artificial turf and mature trees. This space offers excellent development optionality, allowing buyers to streamline expansion via Long Beach's Pre Approved ADU Plans Program (AB 1332) or leverage recent state legislation (SB 1211) for additional density upside, subject to city approval. Combined with gated semi-subterranean parking and recent infrastructure updates including new windows and updated water heaters the property delivers stable in-place performance alongside a clear pathway to future value-add development.
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Highlights

Listed by Steffan Braunlich , 310-209-3209 Berkadia , 310-209-3200. CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family
Lot/Acreage
0.3

Year Built

1930

County

Los Angeles

Area

9 - Poly High

Listing ID

26864283

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:1
  • ▪ Bathrooms:1
  • ▪ Full Bathrooms:0

Exterior Features

Lot:No Land Lease
Garage Capacity:0
Zoning:LBR3S
Others:
  • ▪ Additional:2+ Total Units, Has ADU
Parking Features:Underground
Principal Interest
$16,287
Taxes
$1,960

Home Price

$3,075,000

Loan Details

30 yrs
6.952%

Down Payment

20%
$615,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$16,287.22

Principal

Taxes

Principal Taxes HOA Total
Monthly $16,287.22 $1,960.31 $0.00 $18,247.53
Yearly $195,446.59 $23,523.75 $0.00 $218,970.34
Total $5,863,397.83 $705,712.50 $0.00 $6,569,110.33

Today's Rates

30 Year

6.95%

20 Year

6.73%

15 Year

6.35%

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Market insight data is pulled from the same city as the listing being viewed (Long Beach, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. 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. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-09-23T17:03:53.000Z

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