1626 Pacific Ave, Long Beach, CA 90813
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$ 2,225,000
Est. payment | /mo

12 Beds

16 Baths

6,476 SqFt


Save
$ 2,225,000
Est. payment | /mo
Save

12 Beds

16 Baths

6,476 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,476 sqft

Price per Sqft $343

MLS Listing ID 26987747

Style Other

Bedrooms 12

Year Built 1922

Lot Size 0.260 Acres

Acres 0.2597

Property Sub-Type Multi-Family

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.

Location

State CA

County Los Angeles

Area Downtown Area, Alamitos Beach

Zoning LBR4R

Rooms

Other Rooms None

Interior

Heating Wall

Cooling None

Flooring Mixed

Equipment Other

Laundry None

Exterior

Parking Features Garage Is Detached

Garage Spaces 8.0

Pool None

Waterfront Description None

View Y/N No

View None

Roof Type Flat

Building

Story 1

Sewer In Connected and Paid

Water District

Architectural Style Other

Level or Stories One

Structure Type Stucco

Schools

School District Long Beach Unified

Others

Special Listing Condition Standard

TheMLS (CLAW)
Listed by Elite Representation Real Estate

Nearby Locations

Marvin Zayas

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

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1626 Pacific Ave