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Berkshire Hathaway HomeServices California Properties Berkshire Hathaway HomeServices California Properties
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643 Elm Avenue Long Beach, CA 90802
$799,000 0 beds, 0 baths
0 sqft
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Agent Remarks

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.

Listing Details

Property type: Duplex (Multi-Family)
Status: Active Under Contract
MLS# PW26180275
List price is $799,000
HOA Fee is $0.00
Beds: 0
Baths: 0
None fireplaces
Built in 1917
2 stories
0.05 acres
Lot size: 0.0540
Subdivision: East Village
County: Los Angeles
Zoning: LBPD30
Interior features: Ceiling Fan(s)
Appliances: Gas Oven,Gas Range,Refrigerator
Lot description: TwoToFiveUnitsAcre
Heating/cooling: None
Heating description: Wall Furnace
MLS area: 4 - Downtown Area, Alamitos Beach

Last Updated: 9/9/2026

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This listing belongs to the 4 - Downtown Area, Alamitos Beach MLS area

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Lat/Long: 33.775022, -118.187874.
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Listing Agent: Beatrix Whipple
Lic#: 01276603
Office Name: Tustin

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Area Overview

Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

Community Characteristics:

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Population by Gender

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