643 Elm Avenue
Long Beach, CA 90802
8
Bed
4
Bath
2,351Sqft(Lot)
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 cap
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Interior Features
CeilingFansAppliances: GasOven, GasRange, RefrigeratorLaundry Features: None -
Heating & Cooling
Has Heating: Yes Heating: WallFurnace Cooling: None
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Building Information
Year Built: 1917Building Area Total: 2304Stories: 2Pool Features: NonePrivate Pool: NoView: Neighborhood
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Lot Information
Main Square Feet: 2351 Lot Size Acres: 0.054 Lot Size Source: Assessor Lot Size Square Feet: 2,351 Lot Description: TwoToFiveUnitsAcreProperty Information
Subdivision: East Village Source Property Type: ResidentialIncome Postal Code Plus 4: 1406 Property SubType: Duplex Levels: Two Property Age: 109
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Listing Price Information
Listing Price: $799000Cash, CashToExistingLoan, CashToNewLoan, Conventional
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Tax Information
Parcel Number: 7273027010 Tax Lot: 7 Tax Block: 43
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Parking Information
Parking Total: 1Garage Information
Has Garage: Yes Garage Space: 1
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Utility Information
CableConnected, ElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected -
Location Information
Direction: South of 7th St, East of Long Beach Blvd WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 421 N Rose, Long Beach, CA, 90802 | $1,300,000 | 12 | 4 | -- | |
| 1116 E Appleton, Long Beach, CA, 90802 | $800,000 | 2 | -- | 1,794 | 1,794 SqFt |
| 531 N Virginia Court, Long Beach, CA, 90802 | $969,000 | 5 | 3 | -- | |
| 548 Magnolia, Long Beach, CA, 90802 | $1,349,000 | 5 | 4 | -- |
Similar Multifamily To 643 Elm Avenue
Nearby For Sale
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ByOwner last updated this listing 08/18/2026 @ 15:11
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