Updated Duplex with Detached
For Sale
$799,000
643 Elm Avenue, Long Beach, CA 90802
Long Beach, CA
Property SizeContact for details
Lot Size0.05 Acres
Days on Market14
Property Features for 643 Elm Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
LBPD30
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bedroom 8, Bedroom 7, Bathroom 2, Bathroom 3, Bedroom 2, Bathroom 1, Kitchen, Bedroom 4, Bathroom 4, Bedroom 5, Bedroom 6, Bedroom 1
Parking
1
Interior features
Ceiling Fan(s)
Appliances
Refrigerator, Gas Range, Gas Oven
Subdivision
Other (OTHR)
Lot features
2-5 Units/ Acre
Directions
South of 7th St, East of Long Beach Blvd
Standard status
Active
APN
7273027010
Lot size
0.05 Acres
Utilities
Sewer type
Public Sewer
Heating system
Wall Furnace
Water source
Public
Building Details
Year built
1917
Floors in Building
2
Number of units
2
Flooring type
Laminate, Tile
Listing Agency:
Keller Williams Pacific Estate · Keller Williams Realty
(562) 513-7800
Listed By:
Beatrix Whipple · License #01355505
(562) 972-4336
Added: Aug 17
Changed: Aug 28
Last Checked: Aug 30 at 7:06PM
MLS# PW26180275
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 1917 duplex contains two tenant-occupied residences, each arranged with four bedrooms and two bathrooms. The interiors feature laminate and tile flooring, remodeled kitchen and bathroom tile work, updated electrical and lighting, and fresh paint. Gas and electric service are separately metered, and both units are leased month to month. A detached garage and extended driveway provide additional off-street parking. Appliances include refrigerators, gas ranges, and gas ovens, while heating is provided by wall furnaces.
The property sits on a 0.054-acre lot at 643 Elm Avenue in Long Beach’s 90802 postal area. Public water and public sewer serve the property. The current cap rate is 7.45% based on actual rent roll and operating expenses; an 8.7% rent increase scheduled for December 2026 is projected to bring the cap rate to 8.17%.
The property sits on a 0.054-acre lot at 643 Elm Avenue in Long Beach’s 90802 postal area. Public water and public sewer serve the property. The current cap rate is 7.45% based on actual rent roll and operating expenses; an 8.7% rent increase scheduled for December 2026 is projected to bring the cap rate to 8.17%.
Key Highlights
- Two units with four bedrooms and two bathrooms each; eight bedrooms and four bathrooms total
- 7.45% cap rate based on actual rent roll and operating expenses
- 8.7% rent increase effective December 2026, with projected cap rate of 8.17%
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
5,153
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?
Duplex - Two tenant-occupied units offer updated finishes, separate utility metering, and off-street parking in Long Beach.
Where is this duplex located?
The property is located at 643 Elm Avenue Long Beach, CA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Two units with four bedrooms and two bathrooms each; eight bedrooms and four bathrooms total; 7.45% cap rate based on actual rent roll and operating expenses; 8.7% rent increase effective December 2026, with projected cap rate of 8.17%
