For Sale Multi-Family MLS# 26987747

1626 Pacific Avenue

Long Beach, CA 90813

$2,225,000

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About 1626 Pacific Avenue

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.

Property details

Property

Type
multi
Year built
1922
Living area
6,476 sqft
Price / sqft
$344
Lot
0.2597 ac
List date
Sep 12, 2026

Schools

District
Long Beach Unified School District

Location

Subdivision
Washington
Neighborhood
Washington

Location

Neighborhood
Washington
School district
Long Beach Unified School District

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Listed by Melissa Barlow, Elite Representation Real Estate

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.