625 Elm Avenue, Long Beach, CA 90802

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Sold Price
$3,050,000
List Price
$3,200,000
Closing Date
Jun 24, 2025
Status
CLOSED
MLS#
PW25006856
Year Built
1948
Lot Size
7,503
Acres
0.17
Lot Location
Near Public Transit
Days on Market
79
Property Type
Multifamily
Property Sub Type
Apartment
Stories
Two Levels
Neighborhood
Downtown (Dt)

Property Description

Substantial Reduction in Price--625 Elm Avenue is a 21-unit multifamily investment opportunity located in Long Beach, CA. The property offers 20 studios, and 1 one-bedroom unit, with amenities including gates access, security doors, and one double car garage. This investment property is situated in the fantastic Downtown Long Beach location, surrounded by an abundance of retail, dining, and entertainment options, as well as many employers in the high-rise office buildings. Additionally, the property's close proximity to Interstate 710 provides convenient access to the Port of Long Beach and the Port of Los Angeles, two of the busiest ports in the world and a major employment hub for the region. Furthermore, 625 Elm Avenue is within close proximity of all three levels of education.

Additional Information

Pool Description
None
Heat
Wall Furnace
Cooling Description
None
Exterior Construction
Stucco
Garage Spaces Total
2
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Number Of Units Total
21
Gross Scheduled Income
$306,900
Operating Expense
119049

Listing courtesy of Listing Agent: Kristie Pabst (kristiepabst@pabstkinney.com) from Listing Office: Pabst, Kinney & Associates.

Listing sold by Spencer Pabst from Pabst, Kinney & Associates

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Mortgage Calculator

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Calculator source: Real Geeks

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