714-745-2708

643 Elm Avenue, Long Beach, CA 90802

$799,000 Approx. USD 0 beds, 0 baths

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Marketed By The Keaty Team

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Marketed By The Keaty Team REALTOR® - Sales Associate 714-608-3298 m
714-745-2708 o
Lic#: 01276603
NRDS ID: 187514104
thekeatyteam@bhhscal.com Tustin Office
18302 Irvine Blvd, Suite 240
Tustin, CA 92780
Phone: 714-832-8800
Fax: 949-565-7700

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Listing Agent

Beatrix Whipple | beatrix@thewhipplegroup.com
Lic#: 01355505
Broker: Courtesy of Keller Williams Pacific Estate
Phone: 562-972-4336

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

Price: $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

Days On Market (DOM): 23

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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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Source: CRM. Also Available in PW25075928,

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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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