2310 ElmLong Beach, CA 90806

Description

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 were 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.

Property Information

Property type

Residential Income

Sub-type

Triplex

Year built

1921

Stories

1

Building area

1,581 Sq Ft

Lot size

0.12 acres

Garage spaces

5

Parking spaces

5

Zoning

LBR1N

Days on market

116

MLS^® Listing#

SB26120106

Property Features

Heating

Wall Furnace

Pool

None

Laundry

Common Area · Inside

Roof

Shingle

Community

Sidewalks

Utilities

Electricity Connected · Natural Gas Available · Sewer Connected · Water Available

Sewer

Public Sewer

Water source

Public

Parcel number

7208016022

Directions

Long Beach Blvd North to 23rd Street East to Elm