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California Regional Multiple Listing Service

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 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.

Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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Home / Long Beach / 319 Elm
319 Elm Long Beach, CA 90802 319 Elm Long Beach, CA 90802 319 Elm Long Beach, CA 90802 319 Elm Long Beach, CA 90802 319 Elm Long Beach, CA 90802 319 Elm Long Beach, CA 90802 319 Elm Long Beach, CA 90802 319 Elm Long Beach, CA 90802 319 Elm Long Beach, CA 90802 319 Elm Long Beach, CA 90802 319 Elm Long Beach, CA 90802 319 Elm Long Beach, CA 90802 319 Elm Long Beach, CA 90802 319 Elm Long Beach, CA 90802 319 Elm Long Beach, CA 90802 319 Elm Long Beach, CA 90802 319 Elm Long Beach, CA 90802 319 Elm Long Beach, CA 90802 319 Elm Long Beach, CA 90802 319 Elm Long Beach, CA 90802 319 Elm Long Beach, CA 90802 319 Elm Long Beach, CA 90802 319 Elm Long Beach, CA 90802 319 Elm Long Beach, CA 90802 319 Elm Long Beach, CA 90802 319 Elm Long Beach, CA 90802 319 Elm Long Beach, CA 90802 319 Elm Long Beach, CA 90802 319 Elm Long Beach, CA 90802 319 Elm Long Beach, CA 90802 319 Elm Long Beach, CA 90802 319 Elm Long Beach, CA 90802 319 Elm Long Beach, CA 90802 319 Elm Long Beach, CA 90802 319 Elm Long Beach, CA 90802 319 Elm Long Beach, CA 90802 319 Elm Long Beach, CA 90802 319 Elm Long Beach, CA 90802 319 Elm Long Beach, CA 90802 319 Elm Long Beach, CA 90802 319 Elm Long Beach, CA 90802 319 Elm Long Beach, CA 90802 319 Elm Long Beach, CA 90802 319 Elm Long Beach, CA 90802 319 Elm Long Beach, CA 90802 319 Elm Long Beach, CA 90802 319 Elm Long Beach, CA 90802 View All Photos

$4,800,000

| Active

319 Elm

Long Beach, CA 90802

0.17
Acres
38
Days on Market
PW26169956
MLS#
Multi-Family
Type
Duplex/Multi-Unit
Structure
Residential
Zone
Contact
Listing OfficeKeller Williams Realty Downey

319 Elm Street is a 24-unit multifamily asset located in Long Beach’s East Village Arts District, a dense and walkable Downtown submarket known for its consistent renter demand and proximity to employment, transit, and lifestyle amenities. The property is comprised of eighteen (18) studio units and six (6) one-bedroom/one-bath units, offering an efficient small-unit mix aligned with the area’s tenant profile. Furthermore, ten (10) on-site parking spaces represent a rare, meaningful amenity in a submarket where parking remains constrained. The seller has invested over $900,000 in capital improvements, including comprehensive electrical upgrades throughout the building, unit renovations, keyless entry on all units, common area enhancements, and exterior improvements. The completion of these upgrades, combined with separately metered utilities, supports a more efficient and predictable operating profile with limited near-term capital requirements. 319 Elm Avenue is priced at a 6.42% cap rate and 10.06 GRM in place, with a clear runway to grow. As rents move to market and RUBS is implemented, the property stabilizes at a 7.28% cap rate and 9.20 GRM—an 86-basis-point expansion in yield and a full point of GRM compression. That translates to $44,075 of additional annual NOI, a 14% increase in cash flow at no change in basis.

Property Details
Lot Features
Twenty One To Twenty Five Units Acre
Stories
3
Lot Description
Twenty One To Twenty Five Units Acre
Acres
0.173
Lot Size (sqft)
7531.0
Parking Spaces
10.0
Parking Garage Spaces
0.0
Property Type
Multi-Family
Property Subtype Additional
Mixed Use
Year Built
1912
Sewer Information
Public Sewer
Utility Source
Public
Subdivision
East Village
Community Features
Sidewalks
County
Los Angeles
Region
Long Beach
Original List Price
$4,800,000
Days on Market (Cumulative)
38
MLS #
PW26169956
Property Subtype
MixedUse
Parcel Number
7281009008
MLS #
PW26169956
Date Listed
August 04, 2026
Address
319 Elm
Location
Legal

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 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.

Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

Provided By
Listed by Robert Stepp (#PSTEPROB)
Listing Office: Keller Williams Realty Downey (#PB18067)

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