1700 Pacific Avenue, Long Beach, CA 90813
Local realty services provided by:Better Homes and Gardens Real Estate Oak Valley



1700 Pacific Avenue,Long Beach, CA 90813
$2,145,000
- - Beds
- - Baths
- 6,423 sq. ft.
- Multi-family
- Active
Listed by:shane young
Office:younglewin advisors, inc.
MLS#:PW25182296
Source:CRMLS
Price summary
- Price:$2,145,000
- Price per sq. ft.:$333.96
About this home
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 5.44% Cap Rate, and 11.2 GRM with upside to a 7.01% Cap Rate and 9.5 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 School’s five-acre campus & the $450 million Poly High School campus renovation.
In addition to the 27% 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.
Contact an agent
Home facts
- Year built:1964
- Listing Id #:PW25182296
- Added:1 day(s) ago
- Updated:August 13, 2025 at 01:21 PM
Rooms and interior
- Living area:6,423 sq. ft.
Structure and exterior
- Year built:1964
- Building area:6,423 sq. ft.
- Lot area:0.14 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$2,145,000
- Price per sq. ft.:$333.96
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