Bixby, Bixby Knolls, Los Cerritos (6) Homes with Apartment Subtype

Bixby, Bixby Knolls, Los Cerritos (6) Homes with Apartment Subtype

Welcome to the vibrant neighborhoods of Bixby, Bixby Knolls, and Los Cerritos, nestled in the heart of Long Beach, California. These charming communities are known for their unique blend of suburban tranquility and urban convenience, making them an ideal choice for families, professionals, and anyone looking to enjoy the California lifestyle.

Bixby, with its tree-lined streets and historic homes, exudes a warm, welcoming atmosphere. Residents here appreciate the rich cultural heritage and community spirit that defines the area. Just a stone's throw away, Bixby Knolls boasts an eclectic mix of boutiques, restaurants, and local art galleries, creating a lively hub for social gatherings and weekend outings. The area is also home to several parks and green spaces, perfect for outdoor enthusiasts and families looking to enjoy a sunny afternoon.

Los Cerritos adds to the charm with its well-maintained neighborhoods and excellent schools, making it a sought-after location for families. The community is known for its beautiful homes, many featuring the coveted apartment subtype, which offers flexibility and additional living space. These homes provide an excellent opportunity for multi-generational living or for those seeking rental income.

With easy access to major freeways and public transportation, commuting to downtown Los Angeles or the surrounding areas is a breeze. Whether you’re exploring the local farmer’s market, enjoying a meal at a trendy café, or taking a stroll through one of the many parks, Bixby, Bixby Knolls, and Los Cerritos offer a lifestyle that is both enriching and convenient. Discover your dream home in this captivating region today!

Newest Bixby, Bixby Knolls, Los Cerritos (6) Homes with Apartment Subtype

4126 Elm Ave, Long Beach
$2,900,000
PW26208894 MLS ⋅ Active Status
We are pleased to present 4126 Elm Ave, an 8 unit condo-quality trophy investment opportunity in Long Beach's Bixby Knolls. Built in 1977, the two-story building sits just two blocks off of the Atlantic Avenue corridor and just a few miles from the ocean and Downtown Long Beach. The 9,761 SF building sits on a 10,755 SF lot with an unusually large unit mix: three 1+1 units, four 2+2 units and one 3+2.5 owner’s unit, with the average SF of each unit being roughly 1,220 SF. Each unit has its own fireplace, heating and air conditioning, patio or balcony and garage parking, which is currently provided at no charge, providing immediate additional upside for a new buyer. Current rents average $2,256 against market rents of $3,008 — about 33% of upside — taking the property from a 4.61% cap rate to 7.47% pro forma. Bixby Knolls is a Walk Score 84 neighborhood anchored by the Atlantic Avenue corridor, SteelCraft Long Beach and the Expo Arts Center, with the 405 a mile south and Long Beach Airport under four miles away.

4126 Elm Ave, Long Beach
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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