Residential Income - 1403 Elm, Long Beach, CA

Description

1403 and 1405 Elm Avenue offer an occupied duplex with a combined total of 5 bedrooms and 3 bathrooms, providing immediate income potential in an established Long Beach neighborhood. The property is available for purchase on its own, but what makes this offering particularly interesting is the opportunity to acquire additional properties from the same owner just down the street. 1425 and 1429 Elm Avenue are also for sale and are being offered together as a separate transaction. Those properties are currently leased and occupied by the Long Beach Unified School District. Buyers may purchase 1403/1405 independently or acquire all three offerings, creating a larger assemblage with more than 27,000 square feet of combined lot area—well over half an acre in Long Beach. Putting together multiple properties in the same location can take years, making the availability of these properties at the same time a unique opportunity. Whether purchased as an income-producing duplex or combined with 1425/1429 Elm Avenue for a larger future development plan, 1403/1405 offers flexibility for both investors and developers. Buyer to verify zoning, development possibilities, parcel configurations, square footage, lease information, and all intended uses with the City of Long Beach. See private remarks for additional information regarding the other properties available for purchase.

Property details

Location

1403 Elm • Long Beach, CA 90813

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Listed by

Amy Brick · Brick & Co Real Estate