Long Beach, CA 90807,3850 Elm Avenue
Long Beach, CA 90807,3850 Elm Avenue
Long Beach, CA 90807,3850 Elm Avenue
Listed by Hiu Chan • Hiu Chan, Broker
$1,695,000
Est. payment /mo
Est.Price: ?

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3,364 SqFt
SOLD DATE : 01/31/2022

Key Details

Sold Price $1,695,000

Property Type Single Family Home

Listing Status Sold

Purchase Type For Sale

Square Footage 3,364 sqft

Price per Sqft $503

Subdivision Bixby Knolls

MLS Listing ID PW-21255999

Year Built 1929

Lot Size 0.291 Acres

Property Description

The subject property is located at the prime Bixby Knoll location in Long Beach. It is surrounded by million-dollar single family homes. The average household income exceeds $110,000 within one mile of the property. It is only minutes from the prestigious Virginia Country club, Steelcraft, Trader Joes and retail and restaurants. The triplex property is consisted of 3 Bedroom 2 Bath house in the front and a 2 Bedroom 1 Bath unit and a 1 Bedroom 1 Bath unit in the back. It is nicely layout with plenty of open spaces on a rare to find extra-large 12,692 sqft lot. Each unit has its own private yards. Due to the size of the land, an astute investor may find great value added opportunities through redevelopment or adding ADUs to the property(please check with the city). There are also tremendous upside in the rent and better management in expenses. The owner pays for the gas and water for the 2 Bedroom unit. The 1 Bedroom 1 Bath unit is an all electricity unit and the electricity is paid by the tenant. The 3 Bedroom 2 Bath room front house tenant also pay for its own utilities including water. There are 3 garage parking space and 1 open parking space. The property was built in 1929 with a few upgrades (electricity & plumbing) and additions throughout the year. Broker/Agent does not guarantee the accuracy of square footage, unit type, lot size, ordinances, zoning, permits, use code, concerning the conditions or features of the property provided by the seller or obtained from public records or other sources. Buyer is advised to independently verify the accuracy of all information.

Location

State CA

County Los Angeles

Zoning LBR1N

Interior

Heating Wall Furnace

Laundry In Garage

Exterior

Parking Features Gated

Garage Spaces 3.0

Pool None

Community Features Urban

Utilities Available Sewer Available, Electricity Available, Natural Gas Available

Building

Lot Description Front Yard, Garden, Lot 10000-19999 Sqft, Back Yard

Sewer Public Sewer

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Paul Ward

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Broker Associate | License ID: 01354001

Broker Associate License ID: 01354001

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