635 Elm Ave 10 Unit Apartment Building $2,450,000 ($245,000/Unit) 5% Cap Rate Long Beach, CA 90802

635 Elm Avenue presents a rare opportunity to acquire a portfolio of ten individually owned residential units within a well-located 21-unit building in the heart of Long Beach. Comprised of a mix of studios and larger one- and two-bedroom residences, the portfolio offers immediate, stable cash flow with 100% occupancy and a clean trailing twelve-month operating history. Based on normalized operating expenses and reassessed property taxes, the offering delivers an approximate 5.0% cap rate inclusive of a buyer’s projected tax basis, providing investors with transparent, in-place yield in a supply-constrained coastal market. In addition to dependable income, the asset offers meaningful strategic flexibility through long-term hold potential, operational upside, and the ability to execute a phased retail disposition strategy over time.