1403 Elm, Long Beach, California 90813, Long Beach, 90813 - 0 bed, 0 bath
Loading property details...
Long Beach, California 90813
This property presents a High-Potential Investment Opportunity with a List Price of $799,000—positioned well below the $748,519 Fair Market Value by -6%. While the property requires significant capital for a total rehab due to its Condition Rating of 5, the rare 27,000-square-foot, 5-parcel assemblage offers massive urban infill potential. This asset provides immediate rental income while allowing for long-term redevelopment. It is a strategic acquisition ideal for Buy-and-Hold Investors or Commercial Developers seeking to maximize density in an established Long Beach neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1403 Elm Subject | $799,000* List Price | 0 | 0 | 2,276 | $329 | - |
A 1364 Cherry Sold | $970,000 | 0 | 0 | 2,544 | $381 | 0.5 mi |
B 920 Cerritos Avenue Sold | $985,000 | 0 | 0 | 2,315 | $425 | 0.7 mi |
C 1208 N Saint Marys Court Active | $799,000 List Price | 0 | 0 | 2,144 | $373 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1911 (>100 years old) with no evidence of major renovations. The bathroom is severely dated with worn flooring and fixtures, and the use of window AC units indicates a lack of modern HVAC systems. The listing's focus on 'development opportunity' and 'urban infill' confirms the structure is in need of a total rehab.
The property is part of a rare 5-parcel assemblage totaling over 27,000 square feet, offering a massive urban infill opportunity that is exceptionally difficult to find in established Long Beach neighborhoods.
As an occupied 5-bedroom, 3-bath duplex, the property provides immediate rental income, allowing an investor to generate cash flow while navigating the planning and permitting process for redevelopment.
The offering provides unique versatility, allowing a buyer to acquire the property as a standalone residential income asset or as a cornerstone of a larger, high-upside multi-parcel project.
Built in 1911, the existing structure may have significant deferred maintenance or outdated systems, potentially requiring substantial capital for repairs if not immediately redeveloped.
Maximizing the property's value requires navigating complex city zoning and urban infill regulations, which can be a time-consuming and costly process for the buyer to verify and execute.
Rare development opportunity in the heart of Long Beach. This occupied 5-bedroom, 3-bath duplex is available for purchase individually or as part of a unique 5-parcel assemblage offering more than 27,000 square feet of combined lot area—well over one-half acre of prime urban infill land. Opportunities of this scale and flexibility are exceptionally rare, especially in an established neighborhood where assembling multiple adjacent parcels can take years. Whether acquired on its own for immediate income potential or as part of the larger assemblage for thoughtful, profitable redevelopment, this property presents a compelling investment with significant upside. Buyer to verify zoning, development possibilities, and all intended uses with the City of Long Beach. (Additional addresses for sale by same owner are 1425 and 1429 Elm) See private remarks for more information on additonal, continguous parcels.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,276 | 2,455 | 41% |
| Lot Size | 3,913 | 5,839 | 18% |
| Price | $799.0K | $960.0K | 32% |
| Price per sq ft | $351 | $381 | 27% |
| Built year | 1911 | 1921 | 23% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 182 | 5% |
May 29, 2026
$799,000
Initial Listing
Sep 27, 2012
$300,000
Public Record
Jul 2, 2012
$250,000
Public Record