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643 Elm Ave 2 Unit Apartment Building Offered at $969,000 Long Beach, CA 90802

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INVESTMENT HIGHLIGHTS

  • Exceptionally spacious duplex with 8 total bedrooms and 4 bathrooms
  • Updated interiors: newer laminate flooring, tile kitchens, and remodeled baths
  • Separately metered gas and electric for efficiency
  • Two large 4BR / 2BA units — a rare layout for multifamily in this area
  • Detached garage + long driveway for ample off-street parking
  • Both units tenant-occupied, month-to-month, offering future flexibility

EXECUTIVE SUMMARY

A rare chance to own an exceptionally spacious duplex in one of Southern California’s most dynamic and evolving markets. This large property features eight total bedrooms and four bathrooms across two expansive units, each offering four bedrooms and two bathrooms, making it a unique find with a layout rarely seen in multifamily properties. Both units showcase updated interiors with newer laminate flooring, tile kitchens, and remodeled bathrooms, blending modern comfort with low-maintenance living. With its sheer size, functionality, and prime location, this duplex provides impressive rental potential along with room for future upside. The property also includes a detached garage and a long driveway that provides abundant off-street parking. Gas and electric are separately metered for efficiency, and both units are tenant-occupied on month-to-month terms, giving maximum flexibility moving forward. Ideally located near dining, shopping, the beach, and freeway access, this property combines a prime Long Beach location with unmatched scale. Whether you are looking to expand your portfolio or take advantage of value-add opportunities, this unique duplex checks all the boxes.

ATTACHMENTS

Home Inspection

FINANCIAL SUMMARY (ACTUAL - 2024)

ANNUAL ANNUAL PER SF
Gross Rental Income $60,828 $26.40
Other Income - -
Vacancy Loss - -
Effective Gross Income $60,828 $26.40
Taxes - -
Operating Expenses $7,416 $3.22
Total Expenses $7,416 $3.22
Net Operating Income - -

FINANCIAL SUMMARY (ACTUAL - 2024)

Gross Rental Income
Annual $60,828
Annual Per SF $26.40
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $60,828
Annual Per SF $26.40
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual $7,416
Annual Per SF $3.22
Total Expenses
Annual $7,416
Annual Per SF $3.22
Net Operating Income
Annual -
Annual Per SF -

PROPERTY FACTS

Price $969,000
Price Per Unit $484,500
Sale Type Investment
No. Units 2
Property Type Multifamily
Lot Size 0.05 AC
Building Size 2,304 SF
Average Occupancy 100%
No. Stories 2
Year Built 1917
Opportunity Zone Yes
Zoning LBPD30

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
4+2 2 $2,535 1,152
Walk Score®
Walker's Paradise (96)
Transit Score®
Excellent Transit (74)
Bike Score®
Very Bikeable (83)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 37841060

  • Date on Market: 9/26/2025

  • Last Updated:

  • Address: 643 Elm Ave, Long Beach, CA 90802

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