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640 Elm Ave., 5, Long Beach, CA 90802

$225K1bd · 1ba · 637 sqft
Lot 15,047 sqft•HOA $96/mo•Own Your Own•
Active
•99d on market•MLS# PW-26163031

Property Description

First floor 1 bedroom (#5) Mid Century OYO in the East Village Arts District. Includes a small bonus room with a closet. Kitchen has electric cooktop and oven, with granite countertops. HOA is only $96.00 monthly, and includes water and trash. This is a Trust sale. Metro rail is one block away and bus stop is at 6th and Elm. Three blocks from Pine Street and all of its restaurants and entertainment . This must be an "All Cash" sale.

Features & Amenities

FeeBuilt 1959

Property Details

Land Type
Fee
Year Built
1959
Property Type
Residential
Property Subtype
Own Your Own
Parking Spaces
0
Garage Spaces
0
Cooling
None
View
Courtyard
Flooring
Carpet, Tile
City
Long Beach
Zip Code
90802
County
Los Angeles
Listed byRe/Max R. E. Specialists, Robert Stallings

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$1,137.72
Principal & Interest
Loan Amount
$180,000
Total Interest
$229,580
Total Payment Over 30 Years
$409,580
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Affordable Tier · 5 active · 4 closed

640 Elm Ave., 5, Long Beach, CA 90802

Long Beach · Own Your Own

$225K
Affordable Tier
Beds
1
Baths
1
Sqft
637
Lot
0 sqft
Year
1959
$/Sqft
$353
Pool: No✓
View: Courtyard✓

Listed 5.9% above the median closed sale of $212,500. Price per sqft ($353) is a 20% discount to closed comps ($441). Closed comps sold at 94% of list — buyers have negotiating leverage.

Price Position

Aligned with the market — fair pricing for the comps.

At market
Subject listed at $225K· $353/sqft
Total list price
Closed comps
vs closed median $215K
+$10K (+4.7%)
Active comps
vs active median $225K
$0 (0.0%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $337
+$16 (+4.8%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
640 Elm Ave.Long Beach19591166215,043$340$225,0001299
640 Elm Ave.Long Beach19591163915,047$352$225,0009898
640 Elm AvenueLong Beach1959116420$350$225,0009898
640 Elm AvenueLong Beach1959116990$322$225,0009896
640 Elm AvenueLong Beach19591170315,047$320$225,0009896
Total: 5 · Average1.01.066915,045.667$336.8$225,00080.8
Median662$225,000

Closed Properties (4)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
640 Elm AvenueLong Beach195910/07/2026116380$225,000$210,000$3290.9373100
640 Elm AvenueLong Beach195905/19/20261166515,047$260,000$249,000$3740.9613296
723 3rdLong Beach192812/16/2025014900$229,000$210,000$4290.928573
354 Chestnut AvenueLong Beach191304/07/20260134012,986$225,000$215,000$6320.966767
Total: 4 · Average0.51.0533.2514,016.5$221,000$221,000$441—89.25
Median638$215,000$215,000

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.