Sold for $3,050,000

Listing Provided by: Pabst, Kinney & Associates

Bought with: Pabst, Kinney & Associates

$3,050,000

625 Elm Ave, Long Beach, CA 90802

1beds

21baths

8,710sqft

Multi Family

Built in 1948

-- sqft lot

$3,035,700 Zestimate^®

$350/sqft

$2,245 Estimated rent

Home value

$3,035,700

$2.73M - $3.37M

$2,245/mo

Zestimate^® history

Owner options

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$2,245/mo

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$2,245/mo

Rent Zestimate^®

Refinance and save

$19,273/mo

Est. payment

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$19,273/mo

Est. payment

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What's special

Double car garageSecurity doors

Substantial Reduction in Price--625 Elm Avenue is a 21-unit multifamily investment opportunity located in Long Beach, CA. The property offers 20 studios, and 1 one-bedroom unit, with amenities including gates access, security doors, and one double car garage. This investment property is situated in the fantastic Downtown Long Beach location, surrounded by an abundance of retail, dining, and entertainment options, as well as many employers in the high-rise office buildings. Additionally, the property's close proximity to Interstate 710 provides convenient access to the Port of Long Beach and the Port of Los Angeles, two of the busiest ports in the world and a major employment hub for the region. Furthermore, 625 Elm Avenue is within close proximity of all three levels of education.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 1
Bathrooms: 21

Heating

Wall Furnace

Cooling

None

Appliances

Laundry: Common Area

Features

Flooring: Carpet, Vinyl
Has fireplace: No
Fireplace features: None
Common walls with other units/homes: 2+ Common Walls

Interior area

Total structure area: 8,710
Total interior livable area: 8,710 sqft

Property

Parking

Total spaces: 2
Parking features: Garage
Garage spaces: 2

Features

Levels: Two
Stories: 2
Entry location: 1
Pool features: None
Spa features: None
Fencing: Average Condition

Lot

Size: 7,503 sqft
Features: Near Public Transit

Details

Parcel number: 7273027012
Zoning: LBPD30
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family
Attached to another structure: Yes

Materials

Stucco
Foundation: See Remarks

Condition

New construction: No
Year built: 1948

Utilities & green energy

Electric: Electricity - On Property
Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected

Community & neighborhood

Security

Security features: Carbon Monoxide Detector(s), Smoke Detector(s)

Community

Community features: Street Lights, Sidewalks, Urban

Location

Region: Long Beach
Subdivision: Downtown (Dt)

Other

Other facts

Listing terms: Cash,Cash to New Loan

Price history

Date	Event	Price
6/24/2025	Sold	$3,050,000-4.7%$350/sqft
Source: CRMLS #PW25006856 Report a problem
4/5/2025	Pending sale	$3,200,000$367/sqft
Source: CRMLS #PW25006856 Report a problem
3/20/2025	Price change	$3,200,000-5.9%$367/sqft
Source: CRMLS #PW25006856 Report a problem
2/4/2025	Price change	$3,400,000-9.3%$390/sqft
Source: CRMLS #PW25006856 Report a problem
1/14/2025	Listed for sale	$3,750,000$431/sqft
Source: CRMLS #PW25006856 Report a problem