1430 Elm Avenue, Long Beach, CA 90813

Long Beach
Local realty services provided by:Better Homes and Gardens Real Estate Haven Properties
1430 Elm Avenue,Long Beach, CA 90813
$2,975,000
  • 14 Beds
  • 14 Baths
  • 9,690 sq. ft.
  • Multi-family
  • Active
Listed by: steffan braunlich
Office: berkadia310-209-3200
MLS#:26864283
Source:CRMLS

Price summary

  • Price:$2,975,000
  • Price per sq. ft.:$307.02

About this home

$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.

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Home facts

  • Year built:1930
  • Listing ID #:26864283
  • Added:91 day(s) ago
  • Updated:October 24, 2026 at 11:28 AM

Rooms and interior

  • Bedrooms:14
  • Total bathrooms:14
  • Living area:9,690 sq. ft.

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Year built:1930
  • Building area:9,690 sq. ft.
  • Lot area:0.31 Acres
  • Levels:2 Story

Finances and disclosures

  • Price:$2,975,000
  • Price per sq. ft.:$307.02

Parking

  • Parking description:Underground
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