3530 Elm, Long Beach, California 90807, Long Beach, 90807 - 2 bed, 2 bath
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Long Beach, California 90807
This Spacious Bixby Knolls Condominium is a Strong Value Opportunity, listed at $489,000—positioned well below the $524,763 Fair Market Value by 6%. This valuation gap offers $35,763 in Instant Equity. The property holds a Well-Maintained Condition Rating, featuring updated stone countertops, stainless appliances, and a community spa with neighborhood views. Located in the Long Beach Unified district, recent area sales up to $549,000 highlight the significant upside. This is an optimal acquisition for first-time buyers or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3530 Elm Subject | $489,000* List Price | 2 | 2 | 1,198 | $438 | - |
A 3383 Pasadena Avenue Sold | $480,000 | 2 | 2 | 977 | $491 | 0.2 mi |
B 3357 Pasadena Sold | $470,000 | 2 | 2 | 977 | $481 | 0.2 mi |
C 3306 Elm Avenue Sold | $400,000 | 2 | 3 | 979 | $409 | 0.2 mi |
D 3913 N Virginia Road 301 Sold | $560,000 | 2 | 2 | 1,070 | $523 | 0.6 mi |
E 3939 N Virginia Road 216 Sold | $552,000 | 2 | 2 | 1,253 | $441 | 0.6 mi |
F 3565 Linden Avenue 323 Active | $395,000 List Price | 2 | 2 | 888 | $445 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1979, the property is well-maintained and features some modern cosmetic updates including updated hard-surface flooring, stone countertops, and stainless steel kitchen appliances. However, it retains older cabinetry and lacks modern conveniences like in-unit laundry. While move-in ready, the property and building infrastructure are over 40 years old and show signs of being dated compared to current construction standards.
Listed at $489,000, the property is priced significantly below recent community comparables of $510,000–$549,000, offering immediate equity potential for investors or primary buyers.
Situated in the well-established Bixby Elm community, the property benefits from a highly desirable Long Beach neighborhood known for its proximity to major transport, dining, and shopping.
The $467 monthly HOA fee provides a streamlined ownership experience by covering several utilities and maintenance for premium amenities including secure parking, elevator service, and a spa.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1198, other record living area = 183.
The reliance on community laundry facilities rather than in-unit hookups may be a significant drawback for modern buyers prioritizing convenience and privacy.
Built in 1979, the 45-year-old building may lack contemporary energy-efficient features and could face higher long-term maintenance requirements compared to newer developments.
Turn-key investment opportunity in the gated Bixby Elm condominium community in Long Beach. This upper-level condo is located in a well-maintained 63-unit building built in 1979 and features a practical floor plan with strong long-term investment potential. Community amenities include controlled access, elevator service, secure parking, spa, community laundry facilities, and outdoor common areas. HOA dues include several utilities and common area maintenance, creating a streamlined ownership experience. Recent comparable sales in the community have reached the $510K–$549K range, positioning this offering attractively within the current market. Conveniently located near major transportation corridors, shopping, dining, and everyday services throughout Long Beach. Excellent opportunity to acquire a property in a well-established condominium community with strong long-term value potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,198 | 977 | 87% |
| Lot Size | 25,961 | 26,130 | 43% |
| Price | $489.0K | $489.0K | 50% |
| Price per sq ft | $408 | $514 | 4% |
| Built year | 1979 | 1979 | 50% |
| HOA | $467.0 | $425 | 78% |
| Days on market | 40 | 181 | 4% |
Mar 13, 2026
$489,000
Initial Listing
Jul 15, 2002
$163,500
Public Record