Property Detail

1626 Pacific

Long Beach CA 90813

$2,225,000

Status: Active

Property Details

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.

Map Location

Listing provided courtesy of Melissa Barlow of Elite Representation Real Estate. Last updated 2026-11-09 09:10:57.000000. Listing information © 2026 CRMLS.

The Lineup

The Lineup

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