724 Elm, Long Beach, California 90813, Long Beach, 90813 - 5 bed, 2 bath
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724 Elm
Long Beach, California 90813
ACTIVE
CONDITION: FAIR
5Beds
2Baths
1,816Sq Ft
2,204Lot Size
Property Price
LIST PRICE$799,000
EST. MARKET VALUE
$810,429
SUMMARY
This Spacious Traditional Home represents a High-Potential Investment Opportunity, listed at $859,000—positioned slightly above the $832,856 Fair Market Value. While the property requires a strategic approach due to its Condition Rating of 4, the rare five-bedroom layout and versatile den offer significant utility for multigenerational living. Located near the Arts District, this home provides a unique foundation for value-add renovations. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to modernize a historic 1907 asset in a prime coastal location.
Estimated Market Value
$810,429
Based on Realkey algorithm analyzing recent comparable sales in Long Beach.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 724 Elm Subject | $799,000* List Price | 5 | 2 | 1,816 | $446 | - |
A 812 E 8th Street Sold | $660,000 | 4 | 2 | 1,313 | $503 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
While the home is well-maintained and move-in ready, it is a 1907 build with a kitchen renovation that appears to be 15-25 years old (oak cabinets and tile countertops). The presence of dual-pane windows and newer stainless appliances are positives, but the overall aesthetic is dated, and the age of the structure suggests that systems and finishes will soon require updates to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Versatile Living Space
The rare five-bedroom plus den configuration, including a full bedroom and bathroom on the main level, offers exceptional flexibility for multigenerational living or a home office.
- Historic Architectural Charm
Built in 1907, this 'old charmer' features high ceilings, traditional wood shingle siding, and an abundance of windows that provide significant natural light and timeless character.
- Prime Coastal Location
Ideally situated near the Arts District, Civic Center, and beach attractions, the property offers high walkability and convenient access to Long Beach's urban amenities.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
- Low Available Lot Utilization
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 2204, living area = 1816.
- Limited Outdoor Space
With a lot size of only 2,204 square feet for an 1,816 square foot home, the property has a very small footprint for outdoor activities or gardening.
About 724 Elm
Welcome to this classic old charmer featuring traditional wood shingle siding, high ceilings, and an abundance of windows that fill the home with natural light. This spacious residence offers five bedrooms, two bathrooms, and a versatile den, perfect for a home office, study, or flex space, and just a few minutes from the ocean. Additional features include an ornamental fireplace, dual-pane windows, and a private fenced patio ideal for outdoor entertaining or relaxing. The functional floor plan includes one bedroom and one full bathroom on the main level, providing flexibility for guests, extended family, or multigenerational living. Ideally located near the Civic Center, Arts District, shopping, dining, and popular beach attractions, this home combines timeless character with everyday convenience and is ready for its next owner to make it their own. This home is located in a census tract that qualifies for a $20,000 grant and special financing through City National Bank for qualified buyers.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1907
- Lot Size
- 2,204 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,816 | 1,519.995 |
| Lot Size | 2,204 | 5,807.524 |
| Price | $799.0K | $1.03M |
| Price per sq ft | $440 | $728 |
| Built year | 1907 | 1948 |
| HOA | $0 | $259 |
| Days on market | 49 | 48 |
Pricing History
Listed for Sale
Aug 18, 2026
$799,000
$859,000
-7% Price Drop
Initial Listing
Price Change
Jul 22, 2026
$859,000
Initial Listing
Sold
Jul 31, 2018
$25,000
Public Record
Sold
Sep 28, 2016
$460,000
Public Record
Sold
Sep 1, 2000
$141,500
Public Record
Sold
Sep 17, 1996
$165,000
Public Record