549 E 17th Street, Long Beach, CA 90813

About this property

Welcome to 17th Street Apartments, a restored Four Unit Building in the heart of Long Beach. The owner/user unit was just recently remodeled and is FHA/VA buyer ready. One unit will be delivered vacant. 17th St has oversized units and a new buyer could possibly maximize income by converting existing 1 bedroom to 2 bedroom units, buyer to verify. Building boasts a newer roof which was replaced in March of 2019. Located just 10 mins North of Downtown Long Beach and the Pike with direct access to 710 and 405 freeways. 17th Street has a potential pro forma Cap Rate of 6.4% and potential pro forma GRM of 8.2.

Listing description from the January 2021 sale, as reported to CRMLS.

Sale history

$855,000

Sold January 2021 · listed $874,900, on market November 2020 · MLS #PW20237152 · Source: CRMLS

Listing Agent: Alberto Garcia · Listing Office: Pacific Properties Rlty Group · Contact: 310-349-8777 · Bought with: Anthony Walker · Buckingham Investments, Inc

$610,000

Sold September 2017 · orig. $649,000, on market April 2017 · MLS #SB17119271 · Source: CRMLS

Listing Agent: Roseann Claiborne · Listing Office: C-21 Union Realty · Contact: 310-371-6330 · Bought with: Alberto Garcia · Realty Network

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