12
Bedrooms
$2,225,000
FOR SALELong Beach, CA
MLS# 26987747
Melissa Barlow
Listing Agent
Elite Representation Real Estate
DRE #: 01498928
(310) 800-1608Brokerage: Elite Representation Real Estate
12
Bedrooms
16
Bathrooms
6,476 sqft
Square Feet
1922
Year Built
0.26 acres
Lot Size
$344
Price/Sq Ft
8
Garage Spaces
N/A
HOA
N/A
Property Type
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.
Earthquake data is shown from a real public source (USGS)
Loading hazard data...
Closed sales reported in 90813, nearest first, last 12 months. All recent sales in Long Beach →
1626 Pacific Avenue
Contact Listing Agent