2310 Elm, Long Beach, CA 90806

Description

PRICE REDUCED SIGNIFICANTLY TO SELL. *6.5 CAP RATE AND MAREKT CAP RATE OF 7.4 CAP RATE!

For the owner-user, this is a rare live-and-earn opportunity. Occupy one of the units and let the other two work for you — tenant rents offset a substantial portion of your monthly carrying costs, making homeownership in Long Beach dramatically more attainable while you build equity in a cash-flowing asset. FHA and low-down owner-occupant financing options may apply.

This exceptional triplex features a detached (3) bedroom 1 bath home, and a duplex with (2) 1 bedroom 1 bath units located in the rear. This unit mix delivers strong in-place income of $6,865/month with clear upside through market rent increases. Interiors have been updated with fresh finishes and systems and recent capital improvements remodels, roof work, and exterior paint — substantially reducing near-term maintenance obligations for a new owner.

For the investor, this property generates immediate cash flow from day one. With a 30% down conventional loan, you step into positive cash flow at current rents with strong long-term appreciation potential and multiple built-in avenues to grow income over time. In addition, ADU permits can bee pursued to convert existing garages into more units (buyer to verify) offering another value-add play.

Located in a desirable Long Beach rental corridor, 2310 Elm Avenue offers an exceptional combination of immediate income, long-term appreciation, and multiple paths to grow value. Whether you are an investor seeking a turn-key cash-flowing asset or an owner-user ready to reduce your cost of living, this is the opportunity you have been waiting for.