1626 Pacific Avenue

Long Beach CA 90813

6476 sq. ft.

11311 sq. ft.

Other

Currently for sale - view listing

Overview

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.

Features

12 bedrooms

16 bathrooms

8 carspaces

8 garage spaces

6476 sq. ft. floor area

11311 sq. ft. lot size

Other

Happy sellers in Long Beach

We have insufficient information to provide an overview of customer satisfaction for Long Beach. Viewing the agent profiles, reviews and sales for Long Beach can provide insights for this location.