1700 Pacific Avenue

Long Beach CA 90813

6053 sq. ft.

Multi-Family

Last sold for $1,900,000

Shane Young, last sold this property on 19 December 2025 after 124 days on market.

Overview

We are pleased to present a 10 unit investment opportunity located at 1700 Pacific Ave in Long Beach. All major systems have been redone, including new electric (main and sub panels), ABS plumbing systems, new vinyl windows, and the roof is in great condition as well. At a current 6.01% Cap Rate, and 10.41 GRM with upside to a 7.71% Cap Rate and 8.82 GRM, this is priced attractively & below the area average. In addition to all of the major improvements to the property, the tenants benefit from a rear roof deck, onsite laundry room (hookups with no machines), as well as onsite parking. There is ample retail and dining options nearby, and being located just off Pacific Coast Hwy, the central location allows for easy commute to downtown, the beach, and easy access to 710/405 Freeways. The property is also steps away from numerous new construction apartment buildings, retail centers, the $176 million reconstruction of Washington Middle Schools five-acre campus & the $450 million Poly High School campus renovation. In addition to the 29% upside in Net Operating Income, there is even more opportunity with the potential to convert the existing garage and rear parking area + roof deck into ADUs. One can reasonably get an additional 4+ units onsite for additional income and equity growth.

Features

3 bedrooms

2 bathrooms

6053 sq. ft. lot size

Multi-Family

Estimated Value

Based on this property and similar 3 bedroom multi families sold in Long Beach over the last 12 months, the estimated median property value of 1700 Pacific Avenue is $2.37m.

Median value

$2.37m

Estimated value range

$1.05m - $4.3m

Median days on market

Estimated value trend

increase over the last 12 months

Average days on market is based on recent, comparable sales in Long Beach. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1700 Pacific Avenue

2025

Sold

$1,900,000

19 Dec 2025 by Shane Young, of Younglewin Advisors, Inc.

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.