Located in the desirable East Village area of Long Beach, 625 Elm Ave. is a well-maintained 21 unit garden style apartment building comprised of (20) studio units, and (1) 1bd/1bth unit, and a double car garage. Originally built in 1948, and consisting of 8,710 rentable square feet, on a 7,503 square foot lot. Priced attractively at $178,571 per unit. An attractive opportunity for a new owner with a MARKET CAP RATE of 6.80%. The subject property is also separately metered for gas and electricity which helps keep expenses to a minimum. Owners enjoy the high demand for rentals in a coastal city of Southern California. Tenants enjoy living close to the ocean breeze and walking distance to shops, restaurants, cafes, entertainment centers and grocery stores.