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Back on the market with a major price reduction "” and priced to sell. This exceptional triplex features a detached (3) bedroom 1 bath home, and a duplex with (2) 1 bedroom 1 bath units located in the rear. This unit mix delivers strong in-place income of $6,865/month with clear upside through market rent increases. Interiors have been updated with fresh finishes and systems and recent capital improvements remodels, roof work, and exterior paint "” substantially reducing near-term maintenance obligations for a new owner. For the investor, this property generates immediate cash flow from day one. With a 30% down conventional loan, you step into positive cash flow at current rents with strong long-term appreciation potential and multiple built-in avenues to grow income over time. In addition, ADU permits were pursued to convert existing garages into more units (buyer to verify) offering another value-add play. For the owner-user, this is a rare live-and-earn opportunity. Occupy one of the units and let the other two work for you "” tenant rents offset a substantial portion of your monthly carrying costs, making homeownership in Long Beach dramatically more attainable while you build equity in a cash-flowing asset. FHA and low-down owner-occupant financing options may apply. Located in a desirable Long Beach rental corridor, 2310 Elm Avenue offers an exceptional combination of immediate income, long-term appreciation, and multiple paths to grow value. Whether you are an investor seeking a turn-key cash-flowing asset or an owner-user ready to reduce your cost of living, this is the opportunity you have been waiting for. Offered at $905,000, 10.66 GRM & 6.4% Cap Rate.
Property Type(s):
Residential Income
| Last Updated | 6/3/2026 | Tract | Wrigley Area (WR) |
|---|---|---|---|
| Year Built | 1921 | Community | 5 - Wrigley Area |
| Garage Spaces | 5.0 | County | Los Angeles |
Additional Details
| AREA | 5 - Wrigley Area |
|---|---|
| GARAGE | Yes |
| HEAT | Wall Furnace |
| LOT | 5384 sq ft |
| LOT DIMENSIONS | 5386 |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| SUBDIVISION | Wrigley Area (WR) |
| UTILITIES | Electricity Connected, Natural Gas Available, Sewer Connected, Water Available |
| WATER | Public |
Location
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Listed with TR Wealth Management Inc.
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