426-430 E 17th St - Apartments FOR SALE


Long Beach, CA 90813- Downtown Long Beach
$1,650,000 USD
562-896-3851
426-430 E 17th St, Long Beach, CA for Sale
$1,650,000 USD
Apartments - FOR SALE
1/9
null | 7.15% Cap Rate

426-430 E 17th St
Long Beach, CA 90813
Downtown Long Beach


OVERVIEW

426 E 17th Street is a 10-unit apartment building in Long Beach’s Poly High neighborhood, aggressively priced at $1,650,000—just $165,000 per unit, 8.99 times gross income, and a 7.15% cap rate based on current income. The property features (5) 1bed/1bath units and (5) studios, including two newly constructed ADUs, along with new main electrical panels. Located near Poly High School, the property offers easy access to Downtown Long Beach, local schools, the Metro line, and newer shopping centers. Attractive pricing and a convenient location make this a compelling opportunity for investors seeking strong rental income.

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$382 USD /SF

# OF UNITS

10

PRICE/UNIT

$165,000

CAP RATE

7.15%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1923

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,749 SF

ZONING

PD, Long Beach

APN/PARCEL ID

7269-022-021

ASK ABOUT THIS PROPERTY

Cody CharnellSage Real EstateMore Info
562-896-3851

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Cody CharnellSage Real EstateMore Info
562-896-3851

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.