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Listed by Robert Stepp • Keller Williams Realty Downey
$ 1,755,000
Est. payment | /mo
5,270 SqFt
$ 1,755,000
Est. payment | /mo
5,270 SqFt
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 5,270 sqft
Price per Sqft $333
Subdivision Poly High
MLS Listing ID PW-25135860
Year Built 1923
Lot Size 7,427 Sqft
Property Sub-Type Apartment
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 6.62%cap rate and 9.79 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
Zoning LBPD29
Interior
Laundry None
Exterior
Parking Features None
Pool None
Community Features Sidewalks
Building
Lot Description 6-10 Units/Acre
Sewer Public Sewer
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