5
Map
$599,000
●
Land -
In Contract
1425 Elm
Long Beach, CA 90813
Studio
0 Bath
$2,942
Est. Monthly
About This Property
Rare development opportunity in the heart of Long Beach. 1425 and
1429 Elm Avenue are two contiguous parcels being offered together
and must be sold together. Both parcels are currently leased and
occupied by the Long Beach Unified School District and are being
sold as land only. Portable classroom/building structures currently
located on the properties are tenant-owned personal property and
are not included in the sale.
Adding to the opportunity, 1403 Elm Avenue is also being offered for sale by the same owner as a separate transaction, creating the potential to acquire three parcels along the same street.
Opportunities to assemble multiple parcels in an established Long Beach neighborhood are increasingly rare and can take years to put together. Whether 1425 and 1429 Elm are acquired for income with the existing tenancy or combined with the separately offered 1403 Elm Avenue as part of a larger assemblage for future redevelopment, this offering presents compelling long-term potential.
Buyer to verify zoning, development possibilities, lease terms, parcel configurations, and all intended uses with the City of Long Beach.
Adding to the opportunity, 1403 Elm Avenue is also being offered for sale by the same owner as a separate transaction, creating the potential to acquire three parcels along the same street.
Opportunities to assemble multiple parcels in an established Long Beach neighborhood are increasingly rare and can take years to put together. Whether 1425 and 1429 Elm are acquired for income with the existing tenancy or combined with the separately offered 1403 Elm Avenue as part of a larger assemblage for future redevelopment, this offering presents compelling long-term potential.
Buyer to verify zoning, development possibilities, lease terms, parcel configurations, and all intended uses with the City of Long Beach.
Unit Size
-
Days on Market
-
Land Size
0.31 acres
Price per sqft
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Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
2010
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 5 days ago (CRMLS #DW26117410)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 15, 2026 | In contract | - | |
| In contract | |||
| May 29, 2026 | Listed by Brick & Co Real Estate | $599,000 | |
| Listed by Brick & Co Real Estate | |||
Property Highlights
Exterior Details
Lot Features: Yard
Lot Size Area: 13555
Lot Size Units: Square Feet
Lot Size Acres: 0.3112
Lot Size Square Feet: 13555
Tax Lot: 7
Water Source: Public
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
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HOA + Taxes
About Central Long Beach
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Listed by: Amy Brick, Brick & Co Real Estate
Last Updated: 5 days ago
Data Source: CRMLS, MLS# DW26117410
Last Updated: 5 days ago
Data Source: CRMLS, MLS# DW26117410
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