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426 E 17th ST Long Beach, CA 90813
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Key Details
Sold Price $1,595,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,320 sqft
Price per Sqft $369
Subdivision Wrigley Area (Wr)
MLS Listing ID PW22133767
Sold Date 11/01/22
HOA Y/N No
Year Built 1923
Lot Size 7,426 Sqft
Property Description
426 E. 17th Street is a value-add investment asset located in Long Beach with seven units plus one non-conforming unit. The courtyard-style property with gated entrance offers a unit mix consisting of (4) 1 BD/1 BA and (4) studios.There is onsite laundry and two garages on the property providing additional income. Utilities are separately metered with in place RUBS program. The property is conveniently located within walking distance to public transportation along Long Beach Boulevard, which runs to Downtown Long Beach, and nearby to PCH, providing easy access to the 710 freeway. 426 E. 17th Street presents a new buyer with the opportunity to increase existing below-market rents. There is additional value add potential in permitting the non-conforming unit, which already is separately metered for gas and electric.
Location
State CA
County Los Angeles
Area 5 - Wrigley Area
Zoning LBPD29
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Urban
Total Parking Spaces 2
Private Pool No
Building
Lot Description 6-10 Units/Acre
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 7269022021
Energy Description 786.0
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with John Alden • Alden Pacific Investments, Inc.