2459 Elm Avenue, Long Beach, CA 90806

$750,000 Asking Price

3 beds
2 baths
1,366  sqft
Built in 1923

The property has been fully entitled as a 4 plex with two 2bd, 2b and two 1bd, 1ba condos. We have receive conditional approval for our tentative map and conceptual design (see attached) from the City of Long Beach with the final conditional approval scheduled for December 9th 2024. The property is currently occupied, ownership has filed an unlawful detainer and notice to vacate the property in August 2024. Site inspection will be prior to close of escrow, Do Not disturb tenants. The neighborhood is going through major gentrification with a 206 unit apartment recently constructed directly behind and to the north of the property. This development will be the nicest property on the block! We encourage developers to contact us with any questions. It is our expectation that the property will be delivered fully entitled prior to close.

Features & Amenities

Interior

Laundry:
N/K
A/C:
N/K
Fireplace:
N/K

Exterior

Pool:
None
Parking:
Parking spaces: 0

Construction

General:
2 Story

Location

HOA Amenities:
0.0
Originating MLS:
California Regional MLS
County:
Los Angeles

Lot

Zoning:
LBR2N, 7208010004
View:
N/K

Utilities

Water:
Public
Sewer:
Public Sewer

Financial

Source:
California Regional MLS

This listing courtesy of:
High Tower Capital Inc, Jon Stevenson

About Long Beach, CA

Housing

Number of Units
175,024
Median Home Value
$609,280
Median Rent
$1,366

59.74% of housing units are renter occupied.

5.02% are vacant.

Commute

Car
66.45%
Public Transportation
4.19%
Walk to Work
2.20%
Work from Home
25.81%
Other
0.71%

The median travel time to work is 25 minutes.

People

Population
468,277
Median Age
36.00
Median Household Size
2.84

Education

High School
18.18%
Associate’s Degree
7.24%
Bachelor’s Degree
21.08%
Graduate Degree
11.09%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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