1445-1449 Elm Ave Immeuble residentiel 7 lots 1 617 820 € (231 117 €/Lot) Taux de capitalisation 4,81 % Long Beach, CA 90813

1445 Elm is a seven-unit investment opportunity located in Long Beach, California. The property consists of four separate structures on a 7,476 square foot lot. Built in 1905, it includes (2) studios, (1) two-bedroom one-bath unit, and (4) one-bedroom one-bath units. The asset is well-managed, with most units at or near market rent. New ownership has the opportunity to capture remaining loss to lease and benefit from a stable, cash-flowing investment.
1445 Elm is conveniently located just a 5-minute walk from the Metro A Line Anaheim Street station and a short drive to the East Village Arts District and the Pacific shoreline. Within a one-mile radius are two of Long Beach’s largest employers—St. Mary Medical Center and Long Beach City College. Long Beach continues to be a highgrowth
residential area, with approximately 1,100 units currently in the construction pipeline, representing a 1.8% increase in total housing inventory upon completion. In the past 12 months, the submarket has seen the delivery of approximately 280 net new units.