317 Elm, Long Beach, CA 90802

Long Beach
Local realty services provided by:ERA Excel Realty
317 Elm,Long Beach, CA 90802
$1,799,000
  • 0.17 Acres
  • Lots / Land
  • Active
Listed by: cody charnell
Office: sage real estate group, inc.
MLS#:PW26190004
Source:MLSListings

Price summary

  • Price:$1,799,000

About this home

317 Elm Avenue presents a rare opportunity to acquire a truly hands-off, income-producing asset in the heart of Downtown Long Beach. Located directly across the alley from a major United States Postal Service facility, the 7,512-square-foot parking lot is leased to the USPS for truck parking. Beginning February 1, 2027, the property will generate $9,895.83 per month—or $118,750 annually—under a new five-year lease. The USPS is responsible for all property maintenance, providing the owner with predictable income and minimal day-to-day management. Competitively priced at a 5.19% cap rate, the property offers investors an attractive combination of reliable income, exceptional credit tenancy and minimal operating responsibility. Notably, with no viable alternative parking for their vehicles in the area, the USPS operates as a captive tenant—a dynamic that strengthens the likelihood of lease renewal and creates a compelling opportunity to negotiate extended terms beyond the initial...

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Home facts

  • Listing ID #:PW26190004
  • Added:49 day(s) ago
  • Updated:October 03, 2026 at 05:07 PM

Structure and exterior

  • Lot area:0.17 Acres

Utilities

  • Water:District - Public

Finances and disclosures

  • Price:$1,799,000
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