Updated Triplex with Rear
For Sale
$999,999
2310 Elm Ave, Long Beach, CA 90806
Triplex generating $6,865/month in-place income, with updated interiors and recent exterior and system improvements.
Property SizeContact for details
Days on Market105
Property Features for 2310 Elm Ave
General Information
Standard status
Active
Property subtype
Multi Family
Financials
Cap Rate
6.4%
Business Included
Yes
Additional Details
Multifamily Units
3
Building Details
Year Built
1921
Tenancy
Multi
Listing Agency:
TR Wealth Management Inc.
(310) 316-1014
Listed By:
William Mulkey · License #00986020
(310) 919-7554
Source:
Exitrealty
Added: Jun 4
Changed: Sep 1
Last Checked: Sep 15 at 6:13AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of TR Wealth Management Inc.
Investment Insights
Based on property information with market context.
This triplex consists of a detached 3-bedroom, 1-bath home and a duplex in the rear with two 1-bedroom, 1-bath units. The interiors have been updated with fresh finishes, and the property has undergone recent capital improvements including remodel work, roof work, and exterior paint.
The configuration creates multiple rental units on one property, with the duplex located in the rear. The asset is offered for sale in the Long Beach rental corridor at 2310 Elm Avenue.
For investors, the property is positioned for immediate income generation with $6,865/month in-place rent. The updates and exterior maintenance already completed may help reduce near-term maintenance obligations for a new owner. For owner-users, the layout supports living in one of the units while renting the other two. The remarks also note that ADU permits were pursued to convert existing garages into more units, with the buyer to verify. Financing options mentioned include FHA and low-down owner-occupant financing, and the remarks state a conventional loan scenario with 30% down.
The configuration creates multiple rental units on one property, with the duplex located in the rear. The asset is offered for sale in the Long Beach rental corridor at 2310 Elm Avenue.
For investors, the property is positioned for immediate income generation with $6,865/month in-place rent. The updates and exterior maintenance already completed may help reduce near-term maintenance obligations for a new owner. For owner-users, the layout supports living in one of the units while renting the other two. The remarks also note that ADU permits were pursued to convert existing garages into more units, with the buyer to verify. Financing options mentioned include FHA and low-down owner-occupant financing, and the remarks state a conventional loan scenario with 30% down.
Key Highlights
- Triplex with detached 3 bed/1 bath home plus duplex in the rear with two 1 bed/1 bath units
- In‑place rental income of $6,865/month
- Year built 1921 with updated interiors and recent capital improvements, including roof work and exterior paint
Property Analytics
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Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,545
Businesses Nearby
Explore this area
Business Placement
Demographics for 90806, CA
41,611
Population
13,106
Households
3.2
Avg Household Size
35
Median Age
22%
College-Educated
72%
High-School Grad
4.9 sq mi
ZIP Area
8,492
Density / Sq Mi
$73,674
Median Household Income
$36,691
Median Earnings
$1,672
Median Rent
$699,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Triplex - Triplex generating $6,865/month in-place income, with updated interiors and recent exterior and system improvements.
Where is this triplex located?
The property is located at 2310 Elm Ave Long Beach, CA.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Triplex with detached 3 bed/1 bath home plus duplex in the rear with two 1 bed/1 bath units; In‑place rental income of $6,865/month; Year built 1921 with updated interiors and recent capital improvements, including roof work and exterior paint
