1626 Pacific AVE, Long Beach, CA 90813
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Billy Larsen

Billy Larsen

+1(949) 533-6648
$ 2,225,000
Est. payment | /mo

12 Beds

16 Baths

6,476 SqFt

Save
$ 2,225,000
Est. payment | /mo
Save

12 Beds

16 Baths

6,476 SqFt

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

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Melissa Barlow Elite Representation Real Estate #01498928

NEARBY SCHOOLS & PROPERTIES

Billy Larsen

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(949) 533-6648

billy@billylarsen.com

1 Music Cir. Ste 400, Nashville, TN 37203, USA

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1626 Pacific AVE