4126 Elm Ave, Long Beach, CA — listing photo 1
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FOR SALENew Listing

4126 Elm Ave

Long Beach, CA 90807
10,757 Lot Sq Ft
Built 1977
$3,100,000

Property Overview

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.

Home Details

Property type
Residential Income - Apartment
Year built
1977
Lot size
10,757 sq ft
Parking
10 spaces
Garage
9 spaces
Stories
2
Days on market
0
MLS status
Active

Features & Amenities

Pool

  • None

Community, Schools & Utilities

Community

Subdivision
Bixby Knolls (BK)

Utilities

Water
Public
Sewer
PublicSewer
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Location & Neighborhood

4126 Elm Ave

Long Beach, CA 90807

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Frequently Asked Questions About 4126 Elm Ave

Property type: Residential Income

The current asking price is $3,100,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.
Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 4126 Elm Ave. Our team will confirm availability and timing.
This property offers the living space reported in the listing. It was built in 1977. Review the listing details and disclosures, then independently verify material features before making a decision.
The property is in Long Beach, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.
Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Long Beach property.
The MLS currently reports the property as Active. It has been listed for 0 days. Status can change, so verify availability before relying on it.

What clients say

“Reza was the best agent we have ever worked with.”Russell & Susan McQueen

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Crown Coastal Support Team

Direct support from our real estate team

No obligation. Your inquiry goes directly to the Crown Coastal team.

RB

Reza Barghlameno

eXp of California

Call: +1 (858) 305-4362
Email: contact@crowncoastalhomes.com

Listing Agent

Name: Ryan Gonzalez
MLS ID: PWRTHOMAS

Available property

$3,100,000

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Data provided by California Regional Multiple Listing Service, Inc. ("CRMLS"). Information is for viewer's personal, non-commercial use. All data should be independently verified for accuracy.