Multi-Family

319 Elm Avenue

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Property Snapshot

Address
319 Elm Avenue
Long Beach, CA 90802
Purchase Price
$5,300,000.00
Number of Units
24
% Increase in Rents
Since Closing
19.42%
Projected IRR
17.27%

The property is in the highly desirable and trendy East Village Arts District, considered the epicenter of the local arts and cultural scene in the city. This area is the hub of tourism, business and transit that is Downtown Long Beach.

The subject property was built in 1912, has a total of 24 units with a mix of studios and One Bed + One Bath, on-site laundry, and on-site parking.

Cochise Capital has increased the rents by greater than 19%.