12-Bedroom Residential Income — 1626 Pacific Avenue, Long Beach, CA

About this property

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.

Property details

Location

1626 Pacific Avenue • Long Beach, CA 90813

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Listed by

Melissa Barlow · Elite Representation Real Estate

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