Roy Rigsby - Desert Lifestyle Properties Logo
$2,975,000
 $15,970 est/mo Sourced by Back At You

1430 Elm Avenue,Long Beach, CA 90813

Long Beach, CA 90813

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Description

$200,000 Price Reduction | Actual 6.98% 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.

Details

MLS #26864283
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1930
Days On Site110
Listing Provided ByBerkadia | Steffan Braunlich

Features

Bed(s)14
Bath(s)14
SQ Feet9,690
Story(s)2
Units14
Building(s)1
ZoningLBR3S
Acreage0.31

Interior

HeatingWall Furnace
Heating Yes / NoYes

Parking

Parking FeaturesUnderground

Area Information

StateCA
CountyLos Angeles
CityLong Beach
Zip Code90813
Area9 Poly High
Listing VS Median (in 90813)
Price:
$2,975,000
low | high
Med:
$879,000
100% of Average
sqft:
9,690
low | high
Med:
1,358
100% of Average
$ / sqft:
$307
low | high
Med:
$647
60.826846202399% of Average
On site:
110
low | high
Med:
250
44% of Average
Sourced by Back At You

Market Activity 90813

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Learn More About This Property

Roy Rigsby

Roy Rigsby

Desert Lifestyle Properties

01399810 (760) 409-5117roy@desertrealestate4you.com
StateCA
CountyLos Angeles
CityLong Beach
Zip Code90813
Area9 Poly High
Listing VS Median (in 90813)
Price:
$2,975,000
low | high
Med:
$879,000
100% of Average
sqft:
9,690
low | high
Med:
1,358
100% of Average
$ / sqft:
$307
low | high
Med:
$647
60.826846202399% of Average
On site:
110
low | high
Med:
250
44% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $2.231M - $3.718M
sqft: 7,000 - 12,000
Nearby Listings Property ImageNearby Listings Details
1439 Cedar Property Photo 1
$2,845,000
1439 Cedar
Long Beach, CA 90813
Listing Updated: October 8, 2026 at 8:59:30 AM PDT