2130 Elm, Long Beach, California 90806, Long Beach, 90806 - 0 bed, 0 bath
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Long Beach, California 90806
This Quadruplex Residential Income Property is a Strong Value Opportunity, listed at $1,497,777—positioned well below the $1,620,195 Fair Market Value by 7%. This valuation gap offers $122,418 in Instant Equity. Featuring a Mint Condition Rating due to a comprehensive recent remodel, the property includes a spacious 3-bedroom main residence and three rental units. With proximity to top-rated schools like Signal Hill Elementary, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey, income-generating asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2130 Elm Subject | $1,497,777* List Price | 0 | 0 | 3,308 | $490 | - |
A 1941 Olive Avenue Sold | $1,157,000 | 0 | 0 | 2,554 | $453 | 0.4 mi |
B 2533 Eucalyptus Sold | $1,500,000 | 8 | 5 | 2,696 | $556 | 0.7 mi |
C 1131 E 21st Active | $1,299,990 List Price | 0 | 0 | 2,424 | $536 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1907, the property has undergone a comprehensive recent remodel (within the last 5 years). Interior photos show modern bathrooms with updated tile and black fixtures, new flooring, recessed lighting, and the installation of modern mini-split HVAC systems, meeting the criteria for mint condition.
This quadruplex configuration allows for a 'house-hacking' strategy where an owner-occupant can live in the 3-bedroom front house while three additional units provide significant rental income to offset the mortgage.
The property has been recently remodeled throughout, offering modern finishes and move-in-ready convenience that eliminates the need for immediate renovation capital.
Unlike many multi-unit properties with cramped quarters, the front home features a generous 3-bedroom, 2-bathroom layout, making it highly attractive for families or premium-tier renters.
Originally built in 1907, the property may have underlying structural or utility components that, despite cosmetic remodeling, require the specialized maintenance associated with century-old buildings.
The significant price increase from its recent 2024 sale suggests a high premium for the renovations, which may pose challenges for appraisal valuations or investor cap rate requirements.
Exceptional Long Beach Investment Opportunity! Don’t miss this beautifully remodeled multi-unit property in the City of Long Beach, offering the perfect combination of comfortable owner-occupancy and income-producing potential. The front home features 3 spacious bedrooms and 2 full bathrooms, providing a modern and inviting living space for the new owner. Behind the main home are three additional rental units, creating an excellent opportunity to generate rental income that can help offset the monthly mortgage payment. Whether you’re looking to live in the front house while building wealth through rental income or expand your real estate portfolio, this versatile property is an outstanding investment. The entire property has been recently remodeled, offering updated finishes and move-in-ready convenience. Properties like this are rare—ideal for homeowners, investors, or anyone seeking a property that combines lifestyle and financial opportunity. With generous lot size and favorable zoning, there's potential to add up to 4 ADUs (buyer to verify), creating an 8-unit income-producing property. Front House and one of the back units to be delivered vacant at close of escrow
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 0.7 mi
Grades K-5 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 3,308 | 2,100 |
| Lot Size | 7,318 | 5,077.5 |
| Price | $1.50M | $1.14M |
| Price per sq ft | $453 | $519 |
| Built year | 1907 | 1950 |
| HOA | $0 | $0 |
| Days on market | 12 | 68 |
Jul 11, 2026
$1,497,777
Initial Listing
Jul 10, 2026
$1,477,777
Initial Listing
Apr 30, 2024
$750,000
Public Record
Apr 30, 2024
$826,500
Public Record