Address
3850 Elm Avenue Long Beach, CA
Price
$ 1,695,000
Property Attributes
  • MLS#PW21255999
  • TypePending
  • CountyLOS ANGELES
  • CityLong Beach
  • AreaBixby - Bixby Knolls - Los Cerritos
  • NeighborhoodBixby Knolls
  • Zip90807
  • Style
  • Price$ 1,695,000
  • Bedrooms6
  • Full Bathrooms4
  • Half Bathrooms0
  • Sqr Footage3364
  • Lot Size12,692 SqFt
Listing Provided Courtesy Of:
Hiu Chan with Hiu Chan, Broker - 562-257-1222
Data Source:
California Regional MLS (CRMLS)
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.

Price History
11/29/2021 Listed $1,695,000

General Features

Appliances Electric Range, Gas Range
Community Features Urban
Garage Spaces 3
Garage Y/N Yes
Heating Wall Furnace
Listing Agent Hiu Chan - BRE#01297322
Listing Agent State License 01297322
Lot Size Square Feet 12692
MLS Area 6 - Bixby, Bixby Knolls, Los Cerritos
Open Parking Spaces 1
Pool Features None
Property Type Residential Income
Roof Flat
Senior Community Y/N No
Sewer Public Sewer
Special Listing Conditions Standard
Status Pending
Subdivision Name Bixby Knolls (BK)
Terms Cash to New Loan
Total Units 3
Utilities Electricity Available, Natural Gas Available, Sewer Available
Water Sewer Expense 3936
Zoning LBR1N

Interior Features

Common Walls No Common Walls
Heating Y/N Yes
Laundry Features In Garage

Exterior Features

Fencing Wood
Lot Features Back Yard, Front Yard, Garden
Lot Size Acres 0.2914
Lot Size Area 12692
Lot Size Source Assessor
Lot Size Units Square Feet
Number of Buildings 2
Number of Separate Electric Meters 3
Number of Separate Gas Meters 2
Number of Separate Water Meters 2
Total Parking 4
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 90807

Price
AVG $910K
$1.7M
Visits
AVG 14
44
Year Built
AVG 1957
1929
Walkscore
AVG 69
81
Data Provided by Walkscore ® not using MLS data