Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

15

Building size

6,476 sqft

Lot size

11,311 sqft

Year built

1922

Stories

1

Garage spaces

8

Style

See Remarks

Heating

Wall Furnace

Cooling

None

Pool

None

View

None

Status

Active

Days on market

8

MLS #

247067684

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.

Location

1626 Pacific Avenue

Long Beach, Los Angeles, CA, 90813