3430 Elm Avenue
Description
14 units all 2 bedrooms and 1.5 bath
Building 2: 3440 ELM AVENUE:
14 units all 2 bedrooms and 1.75 bath Key Features: This is a special...Back on the Market: This is a great opportunity for a buyer who can perform! There is only UPSIDE HERE! Discover an exceptional investment opportunity in Bixby with this well-maintained multi-family residential income portfolio. This portfolio presents an attractive opportunity consisting of 28 2-bedroom units, each offering 1.5 or 1.75 baths. Building 1: 3430 ELM AVENUE
14 units all 2 bedrooms and 1.5 bath
Building 2: 3440 ELM AVENUE:
14 units all 2 bedrooms and 1.75 bath Key Features: This is a special delimiter sentence. This is a special delimiter sentence - Location: Conveniently situated close to freeways and downtown Bixby, providing easy access to amenities and commuter routes. Atlantic and Wardlow, 405 Highway, Metrolink, and public transportation are available. They are close to hospitals, retail shopping centers, and parks. They are close to hospitals, retail shopping centers, and parks - Unit Configuration: All units are spacious 2-bedroom layouts, designed to appeal to a wide range of tenants seeking comfort and convenience. Units can be renovated to generate higher market rent. Units can be renovated to generate higher market rent - Maintenance: Well-maintained buildings with recent updates. New Boiler in 3430, Resident Manager on-site. Newly updated units. Newly updated units - Community Amenities: Nearby parks, shopping, dining, and entertainment options enhance tenant satisfaction and attract potential renters. Nearby parks, shopping, dining, and entertainment options enhance tenant satisfaction and attract potential renters - Parcel Details: Comprising two separate parcels sold as one portfolio, providing flexibility and potential for future development or management strategies.
- Listed by Maty Guiza • DRE #01936056 • Brokerage DRE #01896421 • Realty One Group West • 949-302-6990
Property Details for 3430 Elm Avenue
Property Details for 3430 Elm Avenue
| Status | Active |
|---|---|
| MLS # | OC24133197 |
| Days on Market | 135 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Commercial Sale / Multi Family |
| Year Built | 1964 |
| Lot Size | 0.65 AC / 28,114 SF |
| County | Los Angeles County |
Building Information for 3430 Elm Avenue
Property Information for 3430 Elm Avenue
- Gross Scheduled Income: $588,333
- Net Operating Income: $319,325
- Laundry Income: $4,841
- Cap Rate: 3.65
- Current Financing: None
- Operating Expense: $273,794
- Expense Year: $2,023
- Electric Expense: $6,758
- Insurance Expense: $20,800
- Maintenance Expense: $2,500
- Professional Management Expense: $29,416
- Trash Expense: $18,443
- Water Sewer Expense: $17,117
- Real Estate Tax Expense: $132,750
- Supplies Expense: $1,662
- Total Expenses: $248,074
- Tax Year: 2023
- Tax Annual Amount: $22,992
- Investment Property: Yes
- Laundry: Yes
- Laundry Features: Common Area
- Laundry Equipment Own Lease: Lease
- Cooling: Wall/Window Unit(s)
- Heating: Wall Furnace
- Security Features: Gated Community, Resident Manager, Smoke Detector(s)
- Construction Materials: Concrete, Drywall Walls, Stucco
- Roof: Composition
- Fence: Yes
- Fencing: Security
- Additional Parcels Description: 7145011013
- Lot Features: 2-5 Units/Acre, Near Public Transit
- Current Use: Residential
- Current Use Comments: Rental
- Land Use: Multi-Family
- Lease Considered: No
- Land Lease: No
- Utilities: Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
- Electric: Standard
- Water Source: Public
- Building Status: Existing
- Asset Class: Multi-Family
- Unit Type Units Total: 2
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $2,377
- Unit Type Type: 1
- Unit Type Description: 1/2 bath also
- Unit Type Units Total: 2
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $1,902
- Unit Type Type: 10
- Unit Type Description: 1/2 bath
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $2,137
- Unit Type Type: 11
- Unit Type Description: 1/2 bath
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $2,131
- Unit Type Type: 12
- Unit Type Description: 1/2 bath
- Unit Type Units Total: 9
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $1,864
- Unit Type Type: 13
- Unit Type Description: 1/2 bath
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $2,200
- Unit Type Type: 2
- Unit Type Description: 1/2 bath
- Unit Type Units Total: 2
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $2,172
- Unit Type Type: 3
- Unit Type Description: 1/2 bath
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $2,170
- Unit Type Type: 4
- Unit Type Description: 1/2 bath
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $2,121
- Unit Type Type: 5
- Unit Type Description: 1/2 bath
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $2,196
- Unit Type Type: 6
- Unit Type Description: 1/2 bath
- Unit Type Units Total: 2
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $2,050
- Unit Type Type: 7
- Unit Type Description: 3/4 bath also
- Unit Type Units Total: 2
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $2,060
- Unit Type Type: 8
- Unit Type Description: 1/2 bath
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $1,908
- Unit Type Type: 9
- Unit Type Description: 1/2 bath
- Number Of Units Leased: 26
- Number Of Buildings: 2
Property History for 3430 Elm Avenue
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 3430 Elm Avenue
Schools near 3430 Elm Avenue
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Charter - | 6 to 8 |
Rating | School | Distance |
|---|---|---|
Birney Elementary School PublicK to 5 | ||
Hughes Middle School Public6 to 8 | ||
Polytechnic High School Public9 to 12 | ||
IVA - Intellectual Virtues Academy Middle School Charter6 to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Realty One Group West, Maty Guiza, DRE #01936056
Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.