1626 Pacific Ave, Long Beach, CA 90813
- $2,225,000
- 12
- BD
- 16
- BA
- 6,476
- SqFt
- List Price
- $2,225,000
- MLS#
- 26987747
- Status
- ACTIVE
- Type
- Multifamily
- Bedrooms
- 12
- Bathrooms
- 16
- Living Area
- 6,476
Property 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.
Additional Information
- Year Built
- 1922
- View
- None
- Garage
- Garage Is Detached
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Courtesy of Elite Representation Real Estate, Melissa Barlow.
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