643 Elm Avenue
Long Beach, CA 90802
Listing broker / agent: Keller Williams Pacific Estate · Beatrix Whipple · 562-972-4336 · CRMLS
MLS # PW26180275 · Last checked Oct 19, 2026 23:14 UTC
About this property
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.
Property details
- MLS number
- PW26180275
- Status
- Active Under Contract (Backup)
- Type
- Residential Income
- Subtype
- Duplex
- Lot size
- 0.054 acres
- County
- Los Angeles
- Year built
- 1917
- Stories
- 2
More property detailsCollapse
Listing
- Days on market
- 50
Building
- Year built
- 1917
- Year built source
- Assessor
- Stories
- 2
- Building stories
- 2
- Levels
- Two
- Entry level
- 1
Rooms & interior
- Rooms
- Kitchen, Living Room
- Appliances
- Gas Oven, Gas Range, Refrigerator
- Interior features
- Ceiling Fans
- Flooring
- Laminate, Tile
- Heating
- Wall Furnace
- Cooling
- None
- Fireplace
- None
- Laundry
- None
Exterior & parking
- Total parking spaces
- 1
- Garage spaces
- 1
- Pool
- None
- Spa
- None
- Lot features
- Two To Five Units Acre
- Lot size source
- Assessor
- Property outlook
- Neighborhood
Utilities & community
- Water
- Public
- Sewer
- Public Sewer
- Utilities
- Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
- Community features
- Sidewalks
Fees & lease terms
- Association
- No
- Association fee
- $0.00
Nearby public schools
Nearby does not mean assigned. These are approximate straight-line distances from the property, not walking or driving routes. Confirm attendance boundaries, enrollment eligibility, grades and current school status directly with the district.
| School / district | Grades | Distance |
|---|---|---|
| Jenny Oropeza Elementary Long Beach Unified · Long Beach | K–5 | 0.2 mi |
| Renaissance High School for the Arts Long Beach Unified · Long Beach | 9–12 | 0.2 mi |
| Stevenson Elementary Long Beach Unified · Long Beach | K–5 | 0.3 mi |
| Franklin Classical Middle Long Beach Unified · Long Beach | 6–8 | 0.6 mi |
| Lincoln Elementary Long Beach Unified · Long Beach | K–5 | 0.7 mi |
| Edison Elementary Long Beach Unified · Long Beach | K–5 | 0.7 mi |
| Clear Passage Educational Center (school website, opens in a new tab) Long Beach Unified · Long Beach | 9–12 | 0.8 mi |
| Roosevelt Elementary Long Beach Unified · Long Beach | K–5 | 0.8 mi |
Source: California Department of Education · 2025-26 school locations. Downloaded Oct 2, 2026 UTC. This annual snapshot may not reflect later changes. Public schools only; not a complete list of education options. No ratings or attendance assignments are provided.
Check the California School Directory ↗Price and tax history
Asking price
- Current asking price
- $799,000
- MLS-reported original asking price
- $799,000
| Observed (UTC) | Asking price |
|---|---|
| Oct 10, 2026 03:12 | $799,000 |
MLS values are reported for this listing, not prior sales. Observation dates show when our importer saw an asking price, not when the MLS changed it. Up to 24 observations are retained; changes between refreshes may be missed. This is not a complete price or sales history.
Property taxes
Tax history is not available from the imported listing data.
Source: MLS feed. Only supplied tax years are shown, up to 10 years; this is not a county tax archive. Amounts may be corrected and taxes may change after purchase. Verify assessments and current taxes with the county. These values do not automatically fill the payment calculator.
Market trends in Long Beach
Active residential homes for sale in Long Beach, CA, available through this website's authorized feed. Includes residential subtypes; excludes rentals. Not the entire market or a valuation of this property.
Observed price activity · past 30 days
107 currently active listings have an observed price-change pair ending in this period. A listing can appear in both counts.
Calculated 2026-10-19 23:47 UTC. Source: this website's authorized MLS inventory. Import progress, freshness rules and coverage affect the figures. Medians exclude missing/invalid values; price per sq ft is the median of individual listing ratios. Price observations are limited to the last 24 per listing and may miss changes between refreshes. This is not a complete 30-day market report, historical inventory trend, appreciation measure, or sold-price analysis.
Payment calculator
Explore a fixed-rate loan scenario. The price comes from this listing; a 20% down payment and 30-year term are starting assumptions, not requirements. Enter your own interest rate—not APR—and estimated costs.
Illustration only—not a rate quote, preapproval, lending offer or affordability determination. Assumes equal monthly payments on a fully amortizing fixed-rate loan; no adjustable rates, interest-only periods or balloon payments. Excludes closing costs, utilities, maintenance, special assessments and other unentered costs. Actual payments and escrow can differ. Review a Loan Estimate with your lender.
Understanding homeownership costs — CFPB ↗