1700 Pacific Avenue, Long Beach, CA 90813
Local realty services provided by:Better Homes and Gardens Real Estate Registry
1700 Pacific Avenue,Long Beach, CA 90813
$1,990,000
- 3 Beds
- 2 Baths
- - sq. ft.
- Multi-family
- Active
Listed by:shane young
Office:younglewin advisors, inc.
MLS#:PW25182296
Source:San Diego MLS via CRMLS
Price summary
- Price:$1,990,000
About this home
Price Reduced! Present All Offers! 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 off Pacific Coast Hwy, the central location allows for easy commute to downtown, the beach, and easy access to 710/405 Freeways. The property is also steps away from numerous new construction apartment buildings, retail centers, the $176 million reconstruction of Washington Middle Schools five-acre campus & the $450 million Poly High School campus renovation. In addition to the 29% upside in Net Operating Income, there is even more opportunity with the potential to convert the existing garage and rear parking area + roof deck into ADUs. One can reasonably get an additional 4+ units onsite for additional income and equity growth.
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Home facts
- Listing ID #:PW25182296
- Added:44 day(s) ago
- Updated:September 30, 2025 at 04:26 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:2
Finances and disclosures
- Price:$1,990,000
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