SoldOct 27, 2026

Listed by Beatrix Whipple from Keller Williams Pacific Estate

Source: San Diego MLS #PW26180275

643 Elm Avenue, Long Beach, CA, 90802

$799,000

8
4
2351 sq. ft.

MultiFam

•

30+ days on the market

Sold: Oct 27, 2026

What's around 643 Elm Avenue

About this property

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.

Looking for more information on 643 Elm Avenue?

Explore comparables, sales history and growth for this property.
Learn more

Similar properties sold nearby

SoldJul 31, 2026
$1,675,000
1621 East 1st Street
Long Beach CA 90802
8
6
Multi-Family
Listing courtesy of CENTURY 21 REALTY MASTERS and Lyon Stahl Investment Real Estate, Inc.
SoldDec 31, 2025
$2,025,000
615 Cerritos Avenue
Long Beach CA 90802
8
4
Multi-Family
Listing courtesy of Buckingham Investments, Inc.
SoldNov 21, 2025
$1,925,000
1734 East Erie Street
Long Beach CA 90802
8
12
Multi-Family
Listing courtesy of Keller Williams Pacific Estate

Other properties sold by Beatrix Whipple

SoldOct 19, 2026
$1,200,000
1066 East 45th Way
Long Beach CA 90807
3
3
3
Single-Family
Listing courtesy of Keller Williams Pacific Estate and NT & Associates, Inc.
SoldOct 14, 2026
$1,525,000
2322 Pullman Lane
Redondo Beach CA 90278
3
2
2
Single-Family
Listing courtesy of Compass and Keller Williams Pacific Estate
SoldOct 6, 2026
$339,000
7/100 Cerritos Avenue
Long Beach CA 90802
1
1
Condo
Listing courtesy of Keller Williams Pacific Estate and CENTURY 21 Now Realty

Browse properties sold in nearby areas

This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, noncommercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Copyright © 2026 San Diego MLS.

The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA") provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under MLS GRID IDX Rules Updated September 16, 2024 7 U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to: dmca@ratemyagent.com

The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner's behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Email
© 2026 RateMyAgent