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.
For sale
Listing Provided by:
Robert Stepp DRE #01456379 310-463-2916,
Keller Williams Realty Downey
Price cut: $180K (9/24)
$1,575,000
426 E 17th St, Long Beach, CA 90813
4beds
9baths
5,270sqft
Est.:
Multi Family
Built in 1923
-- sqft lot
$1,567,700 Zestimate®
$299/sqft
$-- HOA
What's special
Modern flooringClassic bungalow layoutDesigner fixtures and finishesUpdated kitchens
- 113 days |
- 128 |
- 8 |
- Loading
- Loading