643 Elm Avenue

Off Market

643 Elm Avenue

Long Beach CA 90802

2351 sq. ft.

Multi-Family

Last sold for $799,000

Beatrix Whipple, last sold this property on 27 October 2026 after 483 days on market.

Overview

A rare chance to own an exceptionally spacious duplex in one of Southern California's most dynamic and evolving markets. This large property features eight total bedrooms and four bathrooms across two expansive units, each offering four bedrooms and two bathrooms, a layout rarely seen in multifamily properties. Both units showcase updated interiors with newer laminate flooring, tile kitchens, and remodeled bathrooms, blending modern comfort with low-maintenance living. At $799,000, this duplex is currently producing a 7.45% cap rate on actual rent roll and operating expenses. With an 8.7% rent increase effective December 2026, the cap rate rises to 8.17%, well above the 5% to 6% range typical for small multifamily properties in the 90802 area. Add over $24,800 in completed capital improvements, including full bathroom and kitchen tile remodels, new flooring throughout, updated electrical and lighting, and fresh paint in both units, and this is a property offering both immediate cash flow and built-in upside. The property also includes a detached garage and a long driveway that provides abundant off-street parking. Gas and electric are separately metered for efficiency, and both units are tenant-occupied on month-to-month terms, giving maximum flexibility moving forward. Ideally located near dining, shopping, the beach, and freeway access, this property combines a prime Long Beach location with unmatched scale. Whether you are looking to expand your portfolio or take advantage of value-add opportunities, this duplex checks all the boxes.

Features

8 bedrooms

4 bathrooms

2351 sq. ft. lot size

Multi-Family

Estimated Value

Based on this property and similar 8 bedroom multi families sold in Long Beach over the last 12 months, the estimated median property value of 643 Elm Avenue is $1.68m.

Median value

$1.68m

Estimated value range

$799k - $2.02m

Median days on market

Estimated value trend

-40%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Long Beach. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 643 Elm Avenue

2026

Sold

$799,000

27 Oct 2026 by Beatrix Whipple, of Keller Williams Pacific Estate

Happy sellers in Long Beach

We have insufficient information to provide an overview of customer satisfaction for Long Beach. Viewing the agent profiles, reviews and sales for Long Beach can provide insights for this location.

Local market activity for 8 bedroom multi families in Long Beach

In the last 12 months, 4 eight-bedroom multi families similar to 643 Elm Avenue, have been sold.

This represents a 150% decrease in eight-bedroom multi families sales when compared to the previous 12 months.

Sold

For Sale

Interested in selling?

People are reaching out to these agents in Long Beach for a market analysis.

Lauren Friedman

at Keller Williams Pacific Estate

(52 reviews)

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Debra Kahookele

at ESTATE PROPERTIES

(14 reviews)

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Autumn & Cassidy

at Autumn & Cassidy

(60 reviews)

Get a market analysis

Alexis Cason

at eXp Realty, LLC (W - SR01 - California - Greater Los Angeles)

(4 reviews)

Get a market analysis

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Long Beach

Lauren Friedman

Sellers who recommend Lauren Friedman have praised them for being local expert, responsive, clear communication, supportive, patient, great negotiation, and dedicated

5 (52 reviews)
2 Reviews in Long Beach
2 Sales in Long Beach

View profile

Debra Kahookele

Debra Kahookele is a recommended agent for Long Beach. They have 3 local sales and collected 1 local review across the last 12 months.

5 (14 reviews)
1 Review in Long Beach
3 Sales in Long Beach

View profile

Autumn & Cassidy

Sellers who recommend Autumn & Cassidy have praised them for being local expert, responsive, clear communication, supportive, honest, great negotiation, and hard-working