1626 Pacific Avenue, Long Beach, CA 90813
- $2,225,000
- 12
- BD
- 16
- BA
- 6,476
- SqFt
- List Price
- $2,225,000
- Status
- ACTIVE
- MLS#
- 26987747
- Year Built
- 1922
- Bedrooms
- 12
- Bathrooms
- 16
- Living Sq. Ft
- 6,476
- Lot Size
- 11,311
- Acres
- 0.26
- Days on Market
- 2
- Property Type
- Multifamily
- Style
- See Remarks
- Stories
- One Level
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.
Additional Information
- Pool Description
- None
- Heat
- Wall Furnace
- Cooling Description
- None
- View
- None
- Exterior Construction
- Stucco
- Garage Spaces Total
- 8
- Sewer
- Sewer Tap Paid
- Water
- Public
- School District
- Long Beach Unified
- Attached Structure
- Attached
- Number Of Units Total
- 15
Listing courtesy of Listing Agent: Melissa Barlow (melissa@melissabarlow.com) from Listing Office: Elite Representation Real Estate.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.