643 Elm Avenue, Long Beach, CA 90802

Long Beach
Local realty services provided by:Better Homes and Gardens Real Estate Clarity
643 Elm Avenue,Long Beach, CA 90802
$799,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: beatrix whipple
Office: keller williams pacific estate
MLS#:PW26180275
Source:MLSListings

Price summary

  • Price:$799,000

About this home

A rare chance to own an exceptionally spacious duplex in one of Southern California's most dynamic and evolving markets. This large property features eight total bedrooms and four bathrooms across two expansive units, each offering four bedrooms and two bathrooms, a layout rarely seen in multifamily properties. Both units showcase updated interiors with newer laminate flooring, tile kitchens, and remodeled bathrooms, blending modern comfort with low-maintenance living. At $799,000, this duplex is currently producing a 7.45% cap rate on actual rent roll and operating expenses. With an 8.7% rent increase effective December 2026, the cap rate rises to 8.17%, well above the 5% to 6% range typical for small multifamily properties in the 90802 area. Add over $24,800 in completed capital improvements, including full bathroom and kitchen tile remodels, new flooring throughout, updated electrical and lighting, and fresh paint in both units, and this is a property offering both...

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Home facts

  • Year built:1917
  • Listing ID #:PW26180275
  • Added:51 day(s) ago
  • Updated:October 10, 2026 at 04:18 PM

Rooms and interior

  • Flooring:Laminate
  • Kitchen Description:Refrigerator

Heating and cooling

  • Heating:Wall Furnace

Structure and exterior

  • Year built:1917
  • Lot area:0.05 Acres
  • Lot Features:Mid Block

Utilities

  • Water:District - Public

Finances and disclosures

  • Price:$799,000

Features and amenities

  • Amenities:Ceiling Fan(s)
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