3430 Elm, Long Beach CA 90807 | $7,440,000

Back on the Market: This is a great opportunity for a buyer who can perform! There is only UPSIDE HERE! New Electrical on both buildings! Completed balcony inspections, upgrades throughout the large all 2 bed units! Do your own diligence! Under new management and priced to sell! Maintenance includes roof repairs 3430 and any necessary repairs to 3440. Discover an exceptional investment opportunity in Bixby with this well-maintained multi-family residential income portfolio. This portfolio presents an attractive opportunity consisting of 28 2-bedroom units, each offering 1.5 or 1.75 baths. Building 1: 3430 ELM AVENUE 12 units 2 bedrooms and 1.5 bath- Unit 5 and 12 are 2 bedrooms, 1 bath. Building 2: 3440 ELM AVENUE: 14 units all 2 bedrooms and 1.75 bath **Key Features:** - **Location:** Conveniently situated close to freeways and downtown Bixby, providing easy access to amenities and commuter routes. Atlantic and Wardlow, 405 Highway, Metrolink, and public transportation are available. They are close to hospitals, retail shopping centers, and parks. - **Unit Configuration:** All units are spacious 2-bedroom layouts, designed to appeal to a wide range of tenants seeking comfort and convenience. Units can be renovated to generate higher market rent. - **Maintenance:** Well-maintained buildings with recent updates. New Boiler in 3430, Resident Manager on-site. Newly updated units. - **Community Amenities:** Nearby parks, shopping, dining, and entertainment options enhance tenant satisfaction and attract potential renters. - **Parcel Details:** Comprising two separate parcels sold as one portfolio, providing flexibility and potential for future development or management strategies.

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