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For Sale

$2,225,000

1626 Pacific Ave, Long Beach, CA 90813

12 Beds

16 Baths

6,476 Sq.Ft.

Est. payment from /mo

Property Description

Prime Long Beach 15 unit residential property on a 11,311sf lot. This property is excellent for a cash flowing investment OR development. Six units intentionally left vacant for ease of development, if desired. Property has 8 single car garages that could potentially be converted into ADUs. Current income (with vacant units counted at pro-forma rents) puts the property at 7.98 cap rate. Get to 9.7 cap rate at full pro-forma rents! Units have tankless water heaters. Agents MUST read private notes.

Interior

Laundry Room

None

Flooring

Mixed

Appliances

Other

Area & Lot

Lot Size

0.26 Acres

MLS® ID

26987747

Type

Multi-Family

Year Built

1922

Neighborhood

Los Angeles

Architecture Styles

Other

Water Frontage

None

View Description

None

School District

Long Beach Unified

Exterior & Building

Stories

Garage Spaces

8.0

Water Source

District

Pool

None

Roof

Flat

Parking

Garage Is Detached

Heat Type

Wall

Air Conditioning

None

Sewer

In Connected and Paid

Finance

Reduced Price

Price Upon Request

Maintenance Fee

$6,000/mo

Zoning

LBR4R

Full Name*

Phone*

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Middle Name

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1626 Pacific Ave

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