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$ 2,225,000
Est. payment /mo
New
1626 Pacific AVE Long Beach, CA 90813
12 Beds
16 Baths
6,476 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 6,476 sqft
Price per Sqft $343
MLS Listing ID 26987747
Bedrooms 12
HOA Y/N No
Year Built 1922
Lot Size 0.260 Acres
Property 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.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Zoning LBR4R
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Laundry None
Exterior
Garage Spaces 8.0
Garage Description 8.0
Pool None
View Y/N No
View None
Porch None
Total Parking Spaces 8
Private Pool No
Building
Story 1
Entry Level One
Sewer Sewer Tap Paid
Water Public
Architectural Style See Remarks
Level or Stories One
New Construction No
Schools
School District Long Beach Unified
Others
Senior Community No
Tax ID 7269008006
Special Listing Condition Standard
Listed by Melissa Barlow Elite Representation Real Estate #01498928
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