Well-Maintained
4322 Elm Avenue Long Beach, CA 90807
4322 Elm Avenue, Long Beach, CA, 90807
$1,350,000
For Sale
$1,350,000
Well-maintained quadruplex built in 1944 with four two-bedroom, one-bath units and recent roof, window, and water-heater updates.
Property Size3,076 SF
Lot Size0.22 Acres
Price / SF$438.88
Days on Market16
Property Features for 4322 Elm Avenue
General Information
- Standard status
- Active
- Size
- 3,076 SF
- Lot size
- 0.22 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1944
Listing agency
Team Fasnacht Realty
(562) 243-5948
Listed by
Alan Fasnacht · License #00542691
(562) 243-5948
Source
Exitrealty
Added: Jul 8 Updated: Jul 21 at 3:19AM Checked: Jul 22 at 6:45AM
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 Team Fasnacht Realty
Investment Insights
Based on property information with market context.
Well-maintained quadruplex built in 1944, offering four two-bedroom, one-bath units. The property totals approximately 3,076 square feet and is set on a 9,458 square foot lot. Capital improvements include a new asphalt/fiberglass composition shingle roof installed over solid sheathing, with 36 windows replaced in 2022 and four water heaters replaced in 2022.
The listing also notes that three nearby buildings are available from the same owners—4407 Linden Ave, 4411 Linden Ave, and 4322 Elm Ave—clustered within close distance in Bixby Knolls. Drive by only.
The listing also notes that three nearby buildings are available from the same owners—4407 Linden Ave, 4411 Linden Ave, and 4322 Elm Ave—clustered within close distance in Bixby Knolls. Drive by only.
Key Highlights
- Well‑maintained quadruplex built in 1944 with a 3,076 SF building on a 9,458 SF lot
- Four units total: 4 two‑bedroom, 1‑bath apartments with 8 bedrooms and 4 bathrooms
- New asphalt/fiberglass composition shingle roof installed over solid sheathing
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $99.7k | $32.40 |
| − Vacancy | −$5.2k | −$1.68 |
| EGI | $94.5k | $30.72 |
| − OpEx | −$28.3k | −$9.21 |
| NOI | $66.1k | $21.50 |
3,076 SF · lease $32.40/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$944.8K
$826.7K – $1.10M
NOI $66,136 @ 7.0% cap · market cap 4.90%
Second Best
Apartment 5plus
$840.3K
$735.3K – $980.4K
NOI $58,824 @ 7.0% cap · market cap 4.36%
Theoretical Best
Office A
$1.65M
$1.44M – $1.92M
NOI $115,281 @ 7.0% cap · market cap 8.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Well-maintained quadruplex built in 1944 with four two-bedroom, one-bath units and recent roof, window, and water-heater updates.
Where is this quadplex located?
The property is located at 4322 Elm Avenue Long Beach, CA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Well‑maintained quadruplex built in 1944 with a 3,076 SF building on a 9,458 SF lot; Four units total: 4 two‑bedroom, 1‑bath apartments with 8 bedrooms and 4 bathrooms; New asphalt/fiberglass composition shingle roof installed over solid sheathing
