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Back on the Market: This is a great opportunity for a buyer who can perform! There is only UPSIDE HERE! 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 14 units all 2 bedrooms and 1.5 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.PROPERTY FEATURES
Electric: Standard
Water Source: Public
# of Parking Spaces: 24.00
Security Features: Gated Community,Resident Manager,Smoke Detector(s)
Lot Features: 2-5 Units/Acre,Near Public Transit
Fencing: Security
Land Use: Multi-Family
Current Use: Residential
Number Of Buildings: 2
Investment Property
Parcel Identification Number: 7145011012
Occupancy: Occupied
Cooling: Has Cooling
Heating: Has Heating
Heating Type: Wall Furnace
Cooling Type: Wall/Window Unit(s)
Roof Type: Composition
Construction: Concrete,Drywall Walls,Stucco
Laundry Features: Common Area
Laundry: Has Laundry
Zoning: LB4RN
MLSAreaMajor: 6 - Bixby, Bixby Knolls, Los Cerritos
Accounting Type: Actual
PROPERTY DETAILS
Street Address: 3430 Elm Avenue
City: Long Beach
State: California
Postal Code: 90807
County: Los Angeles
MLS Number: OC24133197
Year Built: 1964
Courtesy of Realty One Group West
City: Long Beach
State: California
Postal Code: 90807
County: Los Angeles
MLS Number: OC24133197
Year Built: 1964
Courtesy of Realty One Group West
Courtesy of Golden Mortgages & Associates Inc