2310 Elm, Long Beach, California 90806, Long Beach, 90806 - bed, bath

2310 Elm, Long Beach, California 90806 home-pic-0
ACTIVE$1,100,000
2310 Elm, Long Beach, California 90806
0Bed
0Bath
1,581Sqft
5,386Lot
Year Built
1921
Close
-
List price
$1.1M
Original List price
$1.1M
Price/Sqft
$696
HOA
-
Days on market
-
Sold On
-
MLS number
SB25242845
Home ConditionGood
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.10M(63th), sqft - 1581(13th), beds - undefined(50th), baths - undefined(50th).

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.

Nearby schools

5/10
Burnett Elementary School
Public,K-50.2mi
7/10
Roosevelt Elementary School
Public,K-50.9mi
8/10
Signal Hill Elementary School
Public,K-50.9mi
4/10
Whittier Elementary School
Public,K-51.1mi
6/10
Washington Middle School
Public,6-81.1mi
6/10
Franklin Classical Middle School
Public,6-81.9mi
6/10
Polytechnic High School
Public,9-120.8mi

Price History

Date
Event
Price
10/20/25
Listing
$1,100,000
06/15/23
Sold
$895,000
11/25/09
Sold
$205,000
Condition Rating
Good

Built in 1921, this triplex has received significant recent updates, including a newer roof (2021), fresh exterior paint, and updated interior finishes and systems. The images show new-looking laminate flooring and fresh paint throughout the living areas. While the kitchens and bathrooms feature basic, functional fixtures (e.g., white cabinets, standard appliances, simple vanities, tiled tub/shower combos) that are not modern in style, they appear clean and well-maintained, requiring no immediate renovation. The property is move-in ready and suitable for tenants, aligning with the 'good' condition criteria for a well-maintained property with functional systems, despite its age and basic aesthetic in some areas.
Pros & Cons

Pros

Income & Growth Potential: Offers strong in-place income with clear upside potential through rent increases, ADU development, and other value-add opportunities.
Recent Capital Improvements: Significant updates including a newer rear roof (2021), fresh exterior paint, staircase, and completed termite work, reducing immediate maintenance liabilities.
Extensive Parking & Garages: Includes 5 garages with automatic openers plus 3-4 additional surface parking spaces, providing valuable amenities and potential for extra rental income.
Separate Utility Metering: Each unit has separate electric, gas, and water meters, enabling cost recovery through a RUBS program and optimizing landlord profitability.
Updated Interiors & Systems: Interiors feature updated finishes and systems, enhancing tenant appeal and minimizing maintenance costs for the landlord.

Cons

Property Age: Built in 1921, which, despite recent updates, may still present challenges with older infrastructure or require ongoing maintenance typical of historic properties.
Unverified ADU Status: While ADU permits have been pursued, the 'buyer to verify status and scope' indicates uncertainty and potential additional effort/cost to realize this value-add.
Recent Price Appreciation: A substantial price increase from the 2023 sale ($895k) to the current listing ($1.1M) in a short timeframe may warrant careful market analysis to justify the current valuation.

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