1626 Pacific Avenue

About This Property

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.

Neighborhood

This property is located in Long Beach. Want to learn more about the area?

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Listing courtesy of Elite Representation Real Estate

Listing data from CRMLS. Deemed reliable but not guaranteed.

Asking Price

$2,225,000

Est. Monthly Payment

$14,217/mo

20% down · 6.5% rate · 30yr

Run the Numbers

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Listing Agent

Melissa Barlow

Elite Representation Real Estate