Property Details
About this Property
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 5.65% Cap Rate, and 10.96 GRM with upside to a 7.26% Cap Rate and 9.29 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 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+ u
MLS Listing Information
MLS #
CRPW25182296
MLS Source
California Regional MLS
Days on Site
11
Parking, School, and Other Information
Garage/Parking
Assigned Spaces, Garage: 1 Car(s)
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
1700 Pacific Ave is a Residential Income in Long Beach, CA 90813. This – square foot property sits on a 6,053 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,095,000 and was built in 1964. This address can also be written as 1700 Pacific Ave, Long Beach, CA 90813.
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This listing information is up-to-date as of August 19, 2025. For the most current information, please contact Shane Young
