
Long Beach, California 90807
This High-Potential Investment Opportunity is a turnkey quadruplex listed at $1,350,000, positioned well below the $1,361,937 Fair Market Value by 0.88%. This valuation gap offers $11,937 in Instant Equity. Featuring a Condition Rating of 2, the asset includes extensive 2022 capital improvements, including a new roof and updated windows. Located in the walkable Bixby Knolls corridor near top-rated schools, this property is an ideal acquisition for Buy-and-Hold Investors or Portfolio Managers seeking stable, long-term rental demand.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4322 Elm Avenue Subject | $1,350,000* List Price | 0 | 0 | 3,076 | $443 | - |
A 4407 Linden Avenue Active | $1,450,000 List Price | 0 | 0 | 3,466 | $418 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While built in 1944, the property underwent extensive recent renovations within the last 5 years, including a new roof, 36 windows replaced in 2022, and four new water heaters in 2022. The interior shows well-maintained hardwood floors and a turnkey, mint condition consistent with the 'Excellent' rating for recent major system updates.
Situated in the heart of Bixby Knolls, the property is within walking distance to the Atlantic Avenue corridor, offering tenants easy access to Trader Joe’s, boutique shopping, and top-rated schools like Los Cerritos Elementary.
Recent upgrades including a new roof, 36 replaced windows, and four new water heaters (all 2022) provide a turnkey investment opportunity with significantly reduced immediate CapEx requirements.
The property features a uniform mix of four 2-bedroom units and includes five parking spaces with a 4-car garage, which is a premium amenity that drives long-term occupancy and higher rental value.
Originally built in 1944, the property may have aging underlying systems such as plumbing or electrical that were not specified as part of the recent renovations, potentially requiring future modernization.
The 'drive-by only' listing status prevents immediate interior inspections, making it difficult for buyers to assess the current cosmetic condition of the units before submitting an offer.
This well maintained quadruplex at 4322 Elm Ave is a 4 unit multifamily investment property in the Bixby Knolls neighborhood of Long Beach, California, zip code 90807. Built in 1944, the 3,076 square foot building sits on a 9,458 square foot lot and delivers four two bedroom, one bathroom units, 8 bedrooms and 4 bathrooms total. The property offers 5 parking spaces, with 4 located in a garage off the alley. Capital improvements are extensive and recent. The building features a new asphalt and fiberglass composition shingle roof installed over solid sheathing, 36 windows replaced in 2022, and four water heaters replaced in 2022. For investors searching for a turnkey Long Beach rental property with major systems already updated, this asset checks the boxes. Location is a major driver of value here. 4322 Elm Ave sits within walking distance of the Atlantic Avenue corridor, the heart of Bixby Knolls, lined with restaurants, coffee shops, and boutique shopping. Tenants can walk to Trader Joe's, Pet Food Express, MOD Pizza, Jersey Mike's, Verizon, and Crunch Fitness, everyday retail and dining that make life easy without needing to drive. The property is also served by Los Cerritos Elementary and Hughes Middle School, two of the most sought after schools in the Long Beach Unified School District. That combination of walkable grocery, dining, fitness, and strong schools makes this a high value area to live, which translates to steady demand and long term occupancy for the owner. 4322 Elm Ave is offered alongside two additional Bixby Knolls apartment buildings, 4407 Linden Ave and 4411 Linden Ave, all owned by the same owners and clustered within close distance of one another. Buy this clean, updated fourplex on its own or combine all three buildings into a single Long Beach multifamily portfolio. Drive by only, please do not disturb tenants.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 3,076 | 2,100 |
| Lot Size | 9,458 | 5,077.5 |
| Price | $1.35M | $1.14M |
| Price per sq ft | $439 | $519 |
| Built year | 1944 | 1950 |
| HOA | $0 | $0 |
| Days on market | 15 | 68 |
Jul 7, 2026
$1,350,000
Initial Listing