24-Unit Apartment
For Sale
$4,800,000
319 Elm, Long Beach, CA 90802
Long Beach, CA
Property SizeContact for details
Lot Size0.17 Acres
Days on Market32
Property Features for 319 Elm
General Information
Property type
Commercial Sale
Property subtype
Other
Bedrooms
1
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 1, Laundry Room, Bathroom 2
Parking
10
Subdivision
Other (OTHR)
Lot features
21-25 Units/ Acre
Directions
Atlantic Ave
Standard status
Active
APN
7281009008
Lot size
0.17 Acres
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1912
Floors in Building
3
Number of units
24
Listing Agency:
Keller Williams Realty Downey
(562) 334-1500
Listed By:
Robert Stepp · License #01456379
(310) 463-2916
Added: Aug 4
Changed: Sep 3
Last Checked: Sep 4 at 12:06PM
MLS# PW26169956
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 24-unit apartment property contains eighteen studio residences and six one-bedroom, one-bath units. Property improvements include comprehensive electrical work, renovated units, keyless entry throughout, upgraded common areas, and exterior enhancements. Ten on-site parking spaces serve the building, while public water and public sewer support the property. The asset was built in 1912.
The property is situated in Long Beach’s East Village Arts District within the Downtown submarket. The surrounding area is described as dense and walkable, with access to employment, transit, and lifestyle amenities. Separately metered utilities contribute to a more distinct operating structure. The in-place metrics include a 6.42% cap rate and 10.06 GRM, with stated stabilization metrics of a 7.28% cap rate and 9.20 GRM.
The property is situated in Long Beach’s East Village Arts District within the Downtown submarket. The surrounding area is described as dense and walkable, with access to employment, transit, and lifestyle amenities. Separately metered utilities contribute to a more distinct operating structure. The in-place metrics include a 6.42% cap rate and 10.06 GRM, with stated stabilization metrics of a 7.28% cap rate and 9.20 GRM.
Key Highlights
- 24‑unit property with eighteen studios and six one‑bedroom, one‑bath units
- Ten on‑site parking spaces
- Electrical upgrades, unit renovations, and exterior improvements completed
Property Analytics
Property Profile
Current Use
Lease Details
24
Residential units
Location Intelligence
Trade Area within ½ mile
6,063
Businesses Nearby
Explore this area
Business Placement
Demographics for 90802, CA
41,686
Population
25,055
Households
1.7
Avg Household Size
37
Median Age
44%
College-Educated
88%
High-School Grad
6.5 sq mi
ZIP Area
6,413
Density / Sq Mi
$72,152
Median Household Income
$52,011
Median Earnings
$1,855
Median Rent
$546,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Small-unit apartment property with renovated interiors, keyless access, separately metered utilities, and on-site parking.
Where is this apartment building located?
The property is located at 319 Elm Long Beach, CA.
What is the asking price?
The asking price for this property is $4,800,000.
What are key features of this property?
This property features: 24‑unit property with eighteen studios and six one‑bedroom, one‑bath units; Ten on‑site parking spaces; Electrical upgrades, unit renovations, and exterior improvements completed
