1626 Pacific AvenueLong Beach, CA 90813
Los Angeles County
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.
Property Information
- Property type
- Residential Income
- Style
- SeeRemarks
- Year built
- 1922
- Stories
- 1
- Living area
- 6,476 Sq Ft
- Lot size
- 0.26 acres
- Lot dimensions
- 75x150
- Garage spaces
- 8
- Parking spaces
- 8
- Zoning
- LBR4R
- Days on market
- 64
- MLS® Listing#
- 26987747
Property Features
- Cooling
- None
- Heating
- Wall Furnace
- Pool
- None
- Laundry
- None
- Patio
- None
- Construction
- Stucco
- Water source
- Public
Financial Details
- HOA
- None
- Parcel number
- 7269008006
Directions
Pacific Avenue and Pacific Coast Highway
Listing Courtesy: Elite Representation Real Estate - 3108001608
Presented by: Melissa Barlow
Licensed in the state of California.
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