$ 2,225,000
-
$2,225,000
Price -
12
Bed -
16
Bath -
6,476
SqFt
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About the Listing X8257573 - C121054
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.
Listing Highlights
Status
Active
Days on Site
8
Property Type
Multi-Family
MLS ®
26987747
Year Built
1922
Total Square Footage
6,476
Lot/Acreage
0.26
County
Los Angeles
Interior Details
- Bedrooms: 12
- Bathrooms: 16 Full
- Appliances:
- Air Cond:
- Heating: Wall
- Fireplaces:
- Floor: Mixed
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: 8 car
- Parking Spaces: 8
- Lot Dimensions: 75x150
- Zoning: LBR4R
- Roof: Flat
- Others:
- Sewer: In Connected and Paid
- Parking Features: Garage Is Detached
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
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Questions About..
1626 Pacific Ave Long Beach, CA 90813
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