426 E 17th ST new Save Request In-Person Tour Request Virtual Tour
Long Beach,CA 90813
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW25135860
Year Built 1923
Lot Size 7,427 Sqft
Source California Regional MLS
Property Description
426 E. 17th Street is a well-maintained bungalow-style apartment property located in the heart of Long Beach with (9) units plus (1) non-conforming unit. Priced at a 6.44%cap rate and 9.91 GRM based on current rents, the asset offers strong in-place income with additional upside. The property consists of (4) 1-bed/1-bath units (includes one non-conforming unit), (4) studio units, and two newly constructed accessory dwelling units: (1) 1-bed/1-bath ADU and (1) studio ADU, both completed in 2024/2025. Five of the 10 units have been fully renovated with modern flooring, updated kitchens and bathrooms, and designer fixtures and finishes. Additional property highlights include new electrical panels and a classic bungalow layout that appeals to tenants seeking charm and privacy. Ideally located, the property boasts a Walk Score of 84-"Very Walkable"-with most daily errands easily accomplished on foot. Additionally, the property is just a four-minute walk to the Metro A Line (Blue) at the Pacific Coast Hwy Station, offering convenient transit access throughout Long Beach and the greater Los Angeles area.
Location
State CA
County Los Angeles
Area 9 - Poly High
Interior
Laundry None
Exterior
Parking Features No Parking
Pool None
Building
Water District - Public
Others
Tax ID 7269022021
Special Listing Condition Not Applicable