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830 Elm Avenue, Long Beach, CA 90813

$5,150,000 Approx. USD 28 beds, 23 baths
16,624 sqft

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Berkshire Hathaway HomeServices California Properties 11828 Rancho Bernardo Rd, Ste 210
San Diego, CA 92128 888-995-7575

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Listing Agent

Alexander Metaxas | ametaxas@riacre.com
Lic#: 01784652
Broker: Courtesy of Realty Investment Advisors, Inc.
Phone: 6264874300

Co Listing Agent

Benjamin J. Hsiang | bhsiang@riacre.com
Lic#: 01438644
Broker: Courtesy of Realty Investment Advisors, Inc.
Phone: 424-377-6001

Agent Remarks

We are pleased to present 830-842 Elm Avenue, an attractive 23-unit multifamily investment opportunity located in Long Beach, California. Built in 1964, the property consists of two separate buildings totaling approximately 16,624 square feet on a 15,779-square-foot lot. The desirable unit mix consists of five two-bedroom/one-bathroom units and eighteen one-bedroom/one-bathroom units. The property has benefited from several significant capital improvements, including deck improvements completed in 2024 and copper re-piping completed in 2016. Constructed with wood framing, stucco exteriors, and pitched roofs, the buildings feature select renovated units with upgraded kitchens, quartz countertops, modern cabinetry, stainless steel appliances, contemporary fixtures, and wood-style flooring. Additional interior improvements include updated bathrooms and modern finishes. Residents enjoy gated entry, an on-site laundry room, and ample parking consisting of 12 enclosed garages and four surface parking spaces, providing a total of 16 parking spaces. The property is separately metered for gas and electricity, helping minimize owner-paid utility expenses. Offered at $5,150,000, the property presents an attractive investment opportunity with a 6.72% current capitalization rate and a 9.88 current gross rent multiplier. With strong in-place cash flow and additional upside through continued rent growth, 830-842 Elm Avenue offers investors the opportunity to acquire an established multifamily asset with long-term appreciation potential in the Long Beach rental market. Two separate parcels, 842 APN# (7273-018-004)

Listing Details

Property type: (Multi-Family)

Status: Active

MLS# 26105141

Price: $5,150,000

Beds: 28

Baths: 23

Built in 1964

16,624 sqft

2 stories

0.36 acres

Lot size: 0.3622

County: Los Angeles

Zoning: LBR4N

Appliances: Microwave,Refrigerator

Parking description: Driveway,Private

Heating/cooling: Wall/Window Unit(s)

Heating description: Wall Furnace

MLS area: 4 - Downtown Area, Alamitos Beach

Last Updated: 11/5/2026

Days On Market (DOM): 8

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This listing belongs to the 4 - Downtown Area, Alamitos Beach MLS area

Lat/Long: 33.777194, -118.187282.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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