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

Type

Apartment

Bedrooms

10

Building size

4,320 sqft

Lot size

7,427 sqft

Year built

1923

Stories

2

Garage spaces

0

Heating

Wall Furnace

Cooling

None

Pool

None

Status

Active

Days on market

0

MLS #

247359941

About this property

426 E 17th Street is a 10-unit apartment building in Long Beach’s Poly High neighborhood, aggressively priced at $1,650,000—just $165,000 per unit, 8.99 times gross income, and a 7.15% cap rate based on current income. The property features (5) 1bed/1bath units and (5) studios, including two newly constructed ADUs, along with new main electrical panels. The property offers easy access to Downtown Long Beach, local schools, the Metro line, and newer shopping centers.

Location

426 E 17th

Long Beach, Los Angeles, CA, 90813