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$2,225,000

FOR SALE
Active

1626 Pacific Avenue

Long Beach, CA

MLS# 26987747

6,476 Sq Ft12bd • 16ba
54 days on marketNalren refreshed

Listing Agent

Melissa Barlow

Listing Agent

Elite Representation Real Estate

DRE #: 01498928

(310) 800-1608

Brokerage: Elite Representation Real Estate

Property Details

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

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.

Facts & Features

Interior

Laundry Features
None

Exterior

Private Pool
No
Patio And Porch Features
None

Building

Year Built
1922
Living Area
6,476 sqft
Architectural Style
See Remarks
Building Area Total
6,476
Levels
One
Stories Total
1

Utilities

Heating
Wall Furnace
Cooling
None
Sewer
Sewer Tap Paid
Water Source
Public

Parking

Garage Spaces
8
Parking Total
8

Community / HOA

HOA
No

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