1626 Pacific Avenue, Long Beach, CA 90813
List Price: $2.23M
Listing Status: Active
0Days on Market: 1
12 Bedrooms · 16 Bathrooms · 6,476 sq ft
Property Type: ResidentialIncome
Year Built: 1922
Lot Size: 11,311 sq ft
Garage Spaces: 8
MLS Number: 26987747
About This Property
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.
Listing provided by: Melissa Barlow DRE #01498928 310-800-1608 melissa@melissabarlow.com, Elite Representation Real Estate
Source: CRMLS, MLS #: 26987747
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.
Property Photos
Location
1626 Pacific Avenue, Long Beach, CA 90813Coordinates: 33.787697°N, -118.193307°W
Presented by Belmont Brokerage Inc.
California Real Estate Brokerage — DRE #02431308
Phone: (818) 967-6311
Website: bbandm.com
View full listing: bbandm.com/property/CA/long-beach/1626-pacific-avenue/1190700262