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Listed by: Shane Young DRE #01963090 | Younglewin Advisors, Inc. (562) 318-0215
$1,945,000
3 Beds
- 2 Baths
--sqft
1700 Pacific Ave, Long Beach, CA 90813
$1,945,000
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Apartment
Built in 1964
$-- HOA
6,053 sqft lot
--/sqft
Description
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 ...
Property Details
Status
Pending
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
--
Year Built
1964
HOA Fees
-
Finished Area
- sqft
Lot Size
6,053 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
PW25182296
MLS Status
Pending
Days on Market
129
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