For Sale
Multi-Family
MLS# 26987747
1626 Pacific Avenue
Long Beach, CA 90813
$2,225,000
- 12Beds
- 16Baths
- 6,476Sq Ft
- 1922Built
- $344Per Sq Ft
Long Beach, CA 90813
$2,225,000
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.
Questions on 1626 Pacific Avenue, Long Beach, CA 90813, or want to see it in person?
Listed by Melissa Barlow, Elite Representation Real Estate
Abrams Coastal Properties has intimate knowledge of Coastal Orange County and is dedicated to giving unbeatable service to its clients.
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Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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