ActiveResidential · sale

726 Elm Avenue 403

Long Beach, CA 90813

$629,000

  • 3 beds
  • 2 baths
  • 1,536 sq ft
  • 0.32 acres
  • Built 1987

Listed by Redfin Corporation · MLS #SB26161975

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PROPERTY QUESTIONS & SHOWINGS

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726 Elm Avenue 403, Long Beach, CA 90813 · MLS #SB26161975

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Your purchase plans

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A FEW THINGS TO NOTICE

What stands out.

Living spaces

Enter to appreciate how the kitchen is open to the dining and living room creating an open living area for all to enjoy.

Details worth a look

The living room boasts a stylishly updated fireplace, is large enough for a dining room table, an office area plus a large sectional and includes a private deck too!

Year built

Built in 1987.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

Top floor condo boasting views out over the city to the north & east all the way to the San Gabriel Mountains! Come home to a secure parking garage with two tandem spaces plus a storage area. Ride the secure elevator up to the top floor and exit to appreciate the open air walkway. Feel the breeze! Enter to appreciate how the kitchen is open to the dining and living room creating an open living area for all to enjoy. Note the engineered flooring, smooth ceilings, recessed lights, crown molding, updated baseboards. Freshly painted throughout! Remodeled laundry closet features a barn door and has room to accommodate side-by-side machines plus storage. The living room boasts a stylishly updated fireplace, is large enough for a dining room table, an office area plus a large sectional and includes a private deck too! Central HVAC. Upgraded, dual-pane vinyl windows let in plenty of natural light. Plenty of closets for storage! Two bedrooms with spacious closets share a full remodeled bathroom. The third bedroom is a true primary suite with a walk-in closet and a spacious remodeled bathroom featuring a walk-in shower. Conveniently located to freeway access and public transportation. Alternatively, take 7th Street through the city to commute to Orange County. Dining and shopping options abound on 4th St, Broadway, or Pine Ave, or take a short stroll/bike ride to Alamitos Beach, Shoreline Village, The Aquarium of The Pacific or events occurring in Long Beach's vibrant downtown corridor!

THE NEIGHBORHOOD

Explore the location.

726 Elm Avenue 403, Long Beach, CA 90813

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1987
Full baths
1
Garage spaces
2
Cooling
CentralAir
Heating
Central,Fireplaces
Appliances
ConvectionOven,Dishwasher,GasOven,HotWaterCirculator,Refrigerator,WaterToRefrigerator,WaterPurifier
Flooring
Wood
Fencing
None
Pool
No
Pool features
None
Spa
No
Subdivision
Downtown (DT)
Parcel
7273019048
HOA
Elm Plaza HOA
HOA amenities
ControlledAccess,MaintenanceGrounds,PetsAllowed,Trash
HOA fee frequency
Monthly
HOA fee
$426.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase
Estimated monthly rent$2,620.83
Cap rate

Annual operating income:

HOA: Includes $426.00 per month in HOA dues, converted from the $426.00 monthly fee reported by the listing source.

Have ERA review this rental estimate

Your property and current assumptions will be included for our team to review.

Adjust assumptions
Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
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Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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Listing information

MLS #SB26161975 · California Regional MLS

Listing brokerage: Redfin Corporation
Listing agent: Michelle Zabukovec

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.