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Residential Income - 426 E 17th, Long Beach, CA

$1,650,000

426 E 17th, Long Beach, CA

426 E 17th, Long Beach, CA 90813 - $1,650,000 · Multi-Family Home for Sale, photo 1 426 E 17th, Long Beach, CA 90813 - $1,650,000 · Multi-Family Home for Sale, photo 2 426 E 17th, Long Beach, CA 90813 - $1,650,000 · Multi-Family Home for Sale, photo 3 426 E 17th, Long Beach, CA 90813 - $1,650,000 · Multi-Family Home for Sale, photo 4 426 E 17th, Long Beach, CA 90813 - $1,650,000 · Multi-Family Home for Sale, photo 5
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Description

426 E 17th Street is a 10-unit apartment building in Long Beach’s Poly High neighborhood, aggressively priced at $1,650,000—just $165,000 per unit, 8.99 times gross income, and a 7.15% cap rate based on current income. The property features (5) 1bed/1bath units and (5) studios, including two newly constructed ADUs, along with new main electrical panels. The property offers easy access to Downtown Long Beach, local schools, the Metro line, and newer shopping centers.

Property details

Year built
1923
Property type
Residential Income
Lot size
7,427 sqft

Location

426 E 17th • Long Beach, CA 90813

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Listed by

Cody Charnell · Sage Real Estate Group, Inc.

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Listing courtesy of Sage Real Estate Group, Inc.. Information deemed reliable but not guaranteed.

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