Description

We are pleased to present 4126 Elm Ave, an 8 unit condo-quality trophy investment opportunity in Long Beach's Bixby Knolls. Built in 1977, the two-story building sits just two blocks off of the Atlantic Avenue corridor and just a few miles from the ocean and Downtown Long Beach. The 9,761 SF building sits on a 10,755 SF lot with an unusually large unit mix: three 1+1 units, four 2+2 units and one 3+2.5 owner’s unit, with the average SF of each unit being roughly 1,220 SF. Each unit has its own fireplace, heating and air conditioning, patio or balcony and garage parking, which is currently provided at no charge, providing immediate additional upside for a new buyer. Current rents average $2,256 against market rents of $3,008 — about 33% of upside — taking the property from a 4.23% cap rate to 6.91% pro forma. Bixby Knolls is a Walk Score 84 neighborhood anchored by the Atlantic Avenue corridor, SteelCraft Long Beach and the Expo Arts Center, with the 405 a mile south and Long Beach Airport under four miles away.

Property details

Year built

1977

Property type

Residential Income

Lot size

10,757 sqft

Location

4126 Elm Ave • Long Beach, CA 90807

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Listed by

Ryan Gonzalez · Lyon Stahl Investment Real Est

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Recent sales near 4126 Elm Ave

354 E Carson: Sold $810,000 · 4 bd · 2 ba · 2,066 sqft · Sep 2026 · 0.1 mi
Pacific One Real Estate | DRE #01750570
Buyer's agent: Tam Tran, Pacific One Real Estate | DRE #02038544
4322 Elm Avenue: Sold $1,460,000 · Sep 2026 · 0.2 mi
Team Fasnacht Realty | DRE #00542691
Buyer's agent: Michael Fasnacht, Team Fasnacht Realty | DRE #02024049
4407 Linden Avenue: Sold $1,612,000 · Sep 2026 · 0.2 mi
Team Fasnacht Realty | DRE #00542691
Buyer's agent: Ellen Henry, Compass | DRE #02000934
4411 Linden Avenue: Sold $1,710,000 · Sep 2026 · 0.2 mi
Team Fasnacht Realty | DRE #00542691
Buyer's agent: Cody Charnell, Sage Real Estate Group, Inc. | DRE #01950585
4015 N Virginia Road #6: Sold $870,000 · 3 bd · 3 ba · 1,864 sqft · Sep 2026 · 0.3 mi
College Park Realty | DRE #01319729
Buyer's agent: Hannah Pilkington, Compass | DRE #02066257
3908 Elm Avenue: Sold $1,162,500 · 3 bd · 2 ba · 2,173 sqft · Sep 2026 · 0.3 mi
PACIFIC REALTY CENTER | DRE #01843606
Buyer's agent: Jeannette Chang, PACIFIC REALTY CENTER | DRE #01843606
4321 Country Club: Sold $1,925,000 · 4 bd · 3 ba · 2,700 sqft · Sep 2026 · 0.3 mi
Vista Sotheby’s International Realty | DRE #00775787
Buyer's agent: Michael Fasnacht, Team Fasnacht Realty | DRE #02024049
4392 Elm: Sold $1,000,000 · 3 bd · 2 ba · 1,372 sqft · Jul 2026 · 0.3 mi
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Buyer's agent: Jake Gordon, Compass | DRE #01923405

Closed sales reported in 90807, nearest first, last 12 months. All recent sales in Long Beach →

Residential Income - 4126 Elm Ave, Long Beach, CA