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$2,225,000
New Listing
1626 Pacific AvenueLong Beach, CA 90813
For Sale|Residential Income|Active
12
Beds
16
Total Baths
6,476
SqFt
$344
/SqFt
1922
Built
County:
Los Angeles
Listed by Melissa Barlow of Elite Representation Real Estate melissa@melissabarlow.com
Call Now: 949-222-0977
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949-222-0977Save
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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.
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Listing Snapshot
Price
$2,225,000
Days On Site
0 Days
Bedrooms
12
Inside Area (SqFt)
6,476 sqft
Total Baths
16
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.2597 Acres
Year Built
1922
MLS® Number
26987747
Status
Active
Property Tax
N/A
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
| 3 hours ago | Listing updated with changes from the MLS® | |
| 10 hours ago | Listing first seen on site |
General Features
Acres
0.2597
Disclosures
RentControl
Garage
Yes
Garage Spaces
8
Levels
One
Number Of Stories
1
Parking Spaces
8
Special Circumstances
Standard
SqFt Total
6476
Style
SeeRemarks
Water Source
Public
Zoning
LBR4R
Interior Features
Heating
Wall Furnace
Laundry Features
None
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Exterior Features
Construction Details
Stucco
Patio And Porch
None
Pool Features
None
Spa Features
None
View
None
Waterview
None
Community Features
MLS Area
4 - Downtown Area, Alamitos Beach
School District
Long Beach Unified
Building Access
Ground Level w/steps
Schools
School District
Long Beach Unified
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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