# 319 Elm, Long Beach, CA 90802 > **TL;DR:** 1bd/2ba commercial, $4,800,000, built 1912. Est. $25,671/mo. Listed 43 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $4,800,000 | | Bedrooms | 1 | | Bathrooms | 2 full | | Year Built | 1912 | | Lot Size | 7,532 sqft (0.17 acres) | | Stories | 3 | | Property Type | Commercial (Other) | | Status | Active | | Days on Market | 43 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $24,271 | | Estimated Insurance | $1,400 | | **Total** | **$25,671** | ## Property Highlights - Built in 1912 - 0.17 acre lot - 3 stories - 10 parking spaces ## Description ### Agent Description 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. ## Location - **Address:** 319 Elm, Long Beach, CA 90802 - **County:** Los Angeles - **Neighborhood:** Other (OTHR) - **Coordinates:** 33.770961, -118.188057 - **Google Maps:** https://www.google.com/maps?q=33.770961,-118.188057 ## Listing Agent - **Name:** Robert Stepp · **License:** 01456379 - **Brokerage:** Keller Williams Realty SELA - **Phone:** 3104632916 - **Broker Phone:** (562) 334-1511 - **Listing URL:** [View original listing](https://listings.listhub.net/pages/MRMLSCA/PW26169956/?channel=propsimple) ## Photos ![319 Elm - Photo 1](http://lh.rdcpix.com/36440f71398062c1ed1576c14990cb69l-f3441646960r.jpg) ![319 Elm - Photo 2](http://lh.rdcpix.com/36440f71398062c1ed1576c14990cb69l-f3691352135r.jpg) ![319 Elm - Photo 3](http://lh.rdcpix.com/36440f71398062c1ed1576c14990cb69l-f3943860485r.jpg) ![319 Elm - Photo 4](http://lh.rdcpix.com/36440f71398062c1ed1576c14990cb69l-f3158542397r.jpg) ![319 Elm - Photo 5](http://lh.rdcpix.com/36440f71398062c1ed1576c14990cb69l-f1579346705r.jpg) ![319 Elm - Photo 6](http://lh.rdcpix.com/36440f71398062c1ed1576c14990cb69l-f56599549r.jpg) ![319 Elm - Photo 7](http://lh.rdcpix.com/36440f71398062c1ed1576c14990cb69l-f262835981r.jpg) ![319 Elm - Photo 8](http://lh.rdcpix.com/36440f71398062c1ed1576c14990cb69l-f1360346667r.jpg) ![319 Elm - Photo 9](http://lh.rdcpix.com/36440f71398062c1ed1576c14990cb69l-f2587680360r.jpg) ![319 Elm - Photo 10](http://lh.rdcpix.com/36440f71398062c1ed1576c14990cb69l-f1697670470r.jpg) ![319 Elm - Photo 11](http://lh.rdcpix.com/36440f71398062c1ed1576c14990cb69l-f3262963019r.jpg) ![319 Elm - Photo 12](http://lh.rdcpix.com/36440f71398062c1ed1576c14990cb69l-f1156963656r.jpg) ![319 Elm - Photo 13](http://lh.rdcpix.com/36440f71398062c1ed1576c14990cb69l-f4177894216r.jpg) ![319 Elm - Photo 14](http://lh.rdcpix.com/36440f71398062c1ed1576c14990cb69l-f3658021772r.jpg) ![319 Elm - Photo 15](http://lh.rdcpix.com/36440f71398062c1ed1576c14990cb69l-f1033429835r.jpg) ![319 Elm - Photo 16](http://lh.rdcpix.com/36440f71398062c1ed1576c14990cb69l-f3653966830r.jpg) ![319 Elm - Photo 17](http://lh.rdcpix.com/36440f71398062c1ed1576c14990cb69l-f1563527788r.jpg) ![319 Elm - Photo 18](http://lh.rdcpix.com/36440f71398062c1ed1576c14990cb69l-f3687589307r.jpg) ![319 Elm - Photo 19](http://lh.rdcpix.com/36440f71398062c1ed1576c14990cb69l-f1085557143r.jpg) ![319 Elm - Photo 20](http://lh.rdcpix.com/36440f71398062c1ed1576c14990cb69l-f1815831430r.jpg) ![319 Elm - Photo 21](http://lh.rdcpix.com/36440f71398062c1ed1576c14990cb69l-f87567723r.jpg) ![319 Elm - Photo 22](http://lh.rdcpix.com/36440f71398062c1ed1576c14990cb69l-f3298032985r.jpg) ![319 Elm - Photo 23](http://lh.rdcpix.com/36440f71398062c1ed1576c14990cb69l-f1721244323r.jpg) ![319 Elm - Photo 24](http://lh.rdcpix.com/36440f71398062c1ed1576c14990cb69l-f1291934229r.jpg) ![319 Elm - Photo 25](http://lh.rdcpix.com/36440f71398062c1ed1576c14990cb69l-f772354230r.jpg) ![319 Elm - Photo 26](http://lh.rdcpix.com/36440f71398062c1ed1576c14990cb69l-f2352191392r.jpg) ![319 Elm - Photo 27](http://lh.rdcpix.com/36440f71398062c1ed1576c14990cb69l-f2922333653r.jpg) ![319 Elm - Photo 28](http://lh.rdcpix.com/36440f71398062c1ed1576c14990cb69l-f922888600r.jpg) ![319 Elm - Photo 29](http://lh.rdcpix.com/36440f71398062c1ed1576c14990cb69l-f491765239r.jpg) ![319 Elm - Photo 30](http://lh.rdcpix.com/36440f71398062c1ed1576c14990cb69l-f3124942933r.jpg) ![319 Elm - Photo 31](http://lh.rdcpix.com/36440f71398062c1ed1576c14990cb69l-f4134138267r.jpg) ![319 Elm - Photo 32](http://lh.rdcpix.com/36440f71398062c1ed1576c14990cb69l-f2280222019r.jpg) ![319 Elm - Photo 33](http://lh.rdcpix.com/36440f71398062c1ed1576c14990cb69l-f1660267681r.jpg) ![319 Elm - Photo 34](http://lh.rdcpix.com/36440f71398062c1ed1576c14990cb69l-f4236186851r.jpg) ![319 Elm - Photo 35](http://lh.rdcpix.com/36440f71398062c1ed1576c14990cb69l-f3336354306r.jpg) ![319 Elm - Photo 36](http://lh.rdcpix.com/36440f71398062c1ed1576c14990cb69l-f2290564709r.jpg) ![319 Elm - Photo 37](http://lh.rdcpix.com/36440f71398062c1ed1576c14990cb69l-f40407845r.jpg) ![319 Elm - Photo 38](http://lh.rdcpix.com/36440f71398062c1ed1576c14990cb69l-f869647750r.jpg) ![319 Elm - Photo 39](http://lh.rdcpix.com/36440f71398062c1ed1576c14990cb69l-f281286681r.jpg) ![319 Elm - Photo 40](http://lh.rdcpix.com/36440f71398062c1ed1576c14990cb69l-f3269304541r.jpg) ![319 Elm - Photo 41](http://lh.rdcpix.com/36440f71398062c1ed1576c14990cb69l-f3757422149r.jpg) ![319 Elm - Photo 42](http://lh.rdcpix.com/36440f71398062c1ed1576c14990cb69l-f3021620182r.jpg) ![319 Elm - Photo 43](http://lh.rdcpix.com/36440f71398062c1ed1576c14990cb69l-f3776058620r.jpg) ![319 Elm - Photo 44](http://lh.rdcpix.com/36440f71398062c1ed1576c14990cb69l-f903094509r.jpg) ![319 Elm - Photo 45](http://lh.rdcpix.com/36440f71398062c1ed1576c14990cb69l-f3513174079r.jpg) ![319 Elm - Photo 46](http://lh.rdcpix.com/36440f71398062c1ed1576c14990cb69l-f4091379992r.jpg) ![319 Elm - Photo 47](http://lh.rdcpix.com/36440f71398062c1ed1576c14990cb69l-f159128878r.jpg) --- **MLS#:** PW26169956 | **Updated:** 2026-08-24 **Source:** listhub *Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/319-elm-long-beach-ca-90802-26169956) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/319-elm-long-beach-ca-90802-26169956#listing", "url": "https://www.propertysimple.ai/listing/319-elm-long-beach-ca-90802-26169956", "name": "319 Elm, Long Beach, CA 90802", "description": "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. 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