Apartment Building With
For Sale
$4,800,000
319 Elm, Long Beach, CA 90802
COMMERCIAL - Long Beach, CA
Property SizeContact for details
Lot Size0.17 Acres
Days on Market8
Property Features for 319 Elm
General Information
Property type
Commercial Sale
Property subtype
Other
Bedrooms
1
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Laundry Room, Bathroom 1, Bedroom 1
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: Aug 11
Last Checked: Aug 11 at 10:06AM
MLS# PW26169956
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Investment Insights
Based on property information with market context.
This 24-unit apartment building in Long Beach’s East Village Arts District offers eighteen studio units and six one-bedroom, one-bath units. The property was built in 1912 and occupies 0.1729 acres, with ten on-site parking spaces. Building improvements include electrical upgrades, renovated units, keyless entry throughout, refreshed common areas, and exterior work. Utilities are separately metered, with public water and public sewer serving the property.
The asset is positioned within the East Village Arts District, a dense, walkable Downtown Long Beach submarket near employment, transit, and lifestyle amenities. The compact unit mix and on-site parking provide clear physical features for evaluating the property within its surrounding residential context.
In-place operations are reported at a 6.42% cap rate and 10.06 GRM, with projected stabilized performance of a 7.28% cap rate and 9.20 GRM. The property also includes a laundry room and two bathrooms among its listed room features.
The asset is positioned within the East Village Arts District, a dense, walkable Downtown Long Beach submarket near employment, transit, and lifestyle amenities. The compact unit mix and on-site parking provide clear physical features for evaluating the property within its surrounding residential context.
In-place operations are reported at a 6.42% cap rate and 10.06 GRM, with projected stabilized performance of a 7.28% cap rate and 9.20 GRM. The property also includes a laundry room and two bathrooms among its listed room features.
Key Highlights
- 24‑unit apartment building with 18 studios and 6 one‑bedroom, one‑bath units
- 10 on‑site parking spaces
- Over $900,000 in capital improvements, including electrical and exterior upgrades
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Small-unit mix includes studios and one-bedroom residences with 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 apartment building with 18 studios and 6 one‑bedroom, one‑bath units; 10 on‑site parking spaces; Over $900,000 in capital improvements, including electrical and exterior upgrades
