2310 Elm, Long Beach, CA 90806
Local realty services provided by:Better Homes and Gardens Real Estate Town Center
2310 Elm,Long Beach, CA 90806
$925,000
- - Beds
- - Baths
- 1,581 sq. ft.
- Multi-family
- Active
Listed by: william mulkey
Office: tr wealth management inc.310-316-1014
MLS#:SB26120106
Source:CRMLS
Price summary
- Price:$925,000
- Price per sq. ft.:$585.07
About this home
PRICE REDUCED SIGNIFICANTLY TO SELL. *6.5 CAP RATE AND MAREKT CAP RATE OF 7.4 CAP RATE!
For the owner-user, this is a rare live-and-earn opportunity. Occupy one of the units and let the other two work for you — tenant rents offset a substantial portion of your monthly carrying costs, making homeownership in Long Beach dramatically more attainable while you build equity in a cash-flowing asset. FHA and low-down owner-occupant financing options may apply.
This exceptional triplex features a detached (3) bedroom 1 bath home, and a duplex with (2) 1 bedroom 1 bath units located in the rear. This unit mix delivers strong in-place income of $6,865/month with clear upside through market rent increases. Interiors have been updated with fresh finishes and systems and recent capital improvements remodels, roof work, and exterior paint — substantially reducing near-term maintenance obligations for a new owner.
For the investor, this property generates immediate cash flow from day one. With a 30% down conventional loan, you step into positive cash flow at current rents with strong long-term appreciation potential and multiple built-in avenues to grow income over time. In addition, ADU permits can bee pursued to convert existing garages into more units (buyer to verify) offering another value-add play.
Located in a desirable Long Beach rental corridor, 2310 Elm Avenue offers an exceptional combination of immediate income, long-term appreciation, and multiple paths to grow value. Whether you are an investor seeking a turn-key cash-flowing asset or an owner-user ready to reduce your cost of living, this is the opportunity you have been waiting for....
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Home facts
- Year built:1921
- Subdivision & Development:Wrigley Area (WR)
- Listing ID #:SB26120106
- Added:142 day(s) ago
- Updated:October 24, 2026 at 04:31 AM
Rooms and interior
- Living area:1,581 sq. ft.
Heating and cooling
- Heating:Wall Furnance
Structure and exterior
- Roof:Shingle
- Year built:1921
- Building area:1,581 sq. ft.
- Lot area:0.12 Acres
Utilities
- Water:Public, Water Available
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$925,000
- Price per sq. ft.:$585.07
Features and amenities
- Laundry features:Inside
Parking
- Total parking spaces:5
- Garage:Yes
- Garage spaces:5
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