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Listed by William Mulkey • TR Wealth Management Inc.
$ 1,100,000
Est. payment /mo
New
2310 Elm Long Beach, CA 90806
1,581 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,581 sqft
Price per Sqft $695
Subdivision Wrigley Area
MLS Listing ID SB-25242845
Year Built 1921
Lot Size 5,386 Sqft
Property Sub-Type Triplex
Source California Regional Multiple Listing Service (CRMLS)
Property Description
Exceptional 3-Unit Investment Opportunity!
Rare chance to acquire a well-maintained and income-producing triplex featuring (2) singles and (1) spacious 3-bedroom/1-bath unit. The property offers strong in-place income with clear upside potential through rent increases and value-add opportunities. Interiors feature updated finishes and systems for reduced maintenance costs and improved tenant appeal.
Recent capital improvements include a newer rear roof (2021), recently installed staircase, fresh exterior paint, and completed termite work—all reducing near-term expenses. The property also includes 5 garages with automatic openers plus 3–4 additional surface parking spaces, creating potential for additional rental income.
Each unit has separate utility meters (3 electric / 2 gas / 1 water), providing the opportunity to implement a RUBS program for water, sewer, and trash recovery. ADU permits have been pursued—buyer to verify status and scope—offering further value-add potential. On-site laundry includes private hookups for the front unit and shared hookups for the rear units, with potential to add coin or app-operated machines for additional revenue.
Located in a desirable rental area, this asset presents an attractive combination of immediate cash flow, long-term appreciation potential, and multiple avenues for income growth.
Rare chance to acquire a well-maintained and income-producing triplex featuring (2) singles and (1) spacious 3-bedroom/1-bath unit. The property offers strong in-place income with clear upside potential through rent increases and value-add opportunities. Interiors feature updated finishes and systems for reduced maintenance costs and improved tenant appeal.
Recent capital improvements include a newer rear roof (2021), recently installed staircase, fresh exterior paint, and completed termite work—all reducing near-term expenses. The property also includes 5 garages with automatic openers plus 3–4 additional surface parking spaces, creating potential for additional rental income.
Each unit has separate utility meters (3 electric / 2 gas / 1 water), providing the opportunity to implement a RUBS program for water, sewer, and trash recovery. ADU permits have been pursued—buyer to verify status and scope—offering further value-add potential. On-site laundry includes private hookups for the front unit and shared hookups for the rear units, with potential to add coin or app-operated machines for additional revenue.
Located in a desirable rental area, this asset presents an attractive combination of immediate cash flow, long-term appreciation potential, and multiple avenues for income growth.
Location
State CA
County Los Angeles
Area 5 - Wrigley Area
Zoning LBR1N
Interior
Heating Wall Furnace
Laundry Common Area, Inside
Exterior
Garage Spaces 5.0
Pool None
Community Features Sidewalks, Urban
Utilities Available Sewer Connected, Water Available, Electricity Connected, Natural Gas Available
Building
Lot Description 0-1 Unit/Acre
Sewer Public Sewer
Nicole Van Parys & Gary Nesen
License Partners, Private Office Advisors | License ID: 01108944