Seller's Agent in 2025
Shane Young
Younglewin Advisors, Inc.
(562) 556-1118
1 in this area
31 Total Sales
1700 Pacific Ave Long Beach, CA 90813
Washington School Neighborhood
3
Beds
2
Baths
6,423
Sq Ft
6,055
Sq Ft
Highlights
- Golf Course Community
- Property is near park and public transit
- Laundry Room
- Long Beach Polytechnic High School Rated A
- Park
- Bike Trail
About This Home
As of December 2025We are pleased to present a 10 unit investment opportunity located at 1700 Pacific Ave in Long Beach. All major systems have been redone, including new electric (main and sub panels), ABS plumbing systems, new vinyl windows, and the roof is in great condition as well. At a current 6.01% Cap Rate, and 10.41 GRM with upside to a 7.71% Cap Rate and 8.82 GRM, this is priced attractively & below the area average. In addition to all of the major improvements to the property, the tenants benefit from a rear roof deck, onsite laundry room (hookups with no machines), as well as onsite parking. There is ample retail and dining options nearby, and being located just off Pacific Coast Hwy, the central location allows for easy commute to downtown, the beach, and easy access to 710/405 Freeways. The property is also steps away from numerous new construction apartment buildings, retail centers, the $176 million reconstruction of Washington Middle School’s five-acre campus & the $450 million Poly High School campus renovation. In addition to the 29% upside in Net Operating Income, there is even more opportunity with the potential to convert the existing garage and rear parking area + roof deck into ADUs. One can reasonably get an additional 4+ units onsite for additional income and equity growth.
Last Agent to Sell the Property
Younglewin Advisors, Inc. Brokerage Phone: 562-556-1118 License #01963090 Listed on: 08/12/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1964
Lot Details
- 6,053 Sq Ft Lot
- Two or More Common Walls
- Value in Land
Parking
- 5 Car Garage
- 4 Carport Spaces
- Parking Available
- Assigned Parking
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 6,423 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Outdoor Features
- Exterior Lighting
- Rain Gutters
Location
- Property is near park and public transit
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 25
- Tax Tract Number 575402
- Assessor Parcel Number 7269009013
- $1,811 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- 10 Units
- Poly High Subdivision
Amenities
- Laundry Facilities
Recreation
- Golf Course Community
- Park
- Dog Park
- Bike Trail
Building Details
- Rent Control
- 11 Separate Electric Meters
- 11 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $2,500
- Insurance Expense $8,029
- Professional Management Expense $9,555
- Trash Expense $1,500
- Water Sewer Expense $2,000
- Operating Expense $65,739
- Gross Income $191,100
- Net Operating Income $129,363
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/19/2025 12/19/25 | Sold | $1,900,000 | -2.3% | $296 / Sq Ft |
| 11/03/2025 11/03/25 | Pending | -- | -- | -- |
| 11/03/2025 11/03/25 | Price Changed | $1,945,000 | -2.3% | $303 / Sq Ft |
| 09/29/2025 09/29/25 | Price Changed | $1,990,000 | -2.7% | $310 / Sq Ft |
| 09/15/2025 09/15/25 | Price Changed | $2,045,000 | -2.4% | $318 / Sq Ft |
| 08/18/2025 08/18/25 | Price Changed | $2,095,000 | -2.3% | $326 / Sq Ft |
| 08/12/2025 08/12/25 | For Sale | $2,145,000 | -- | $334 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $6,640 | $1,751,000 | $600,000 | $1,151,000 |
| 2024 | $6,640 | $384,221 | $138,316 | $245,905 |
| 2023 | $6,508 | $376,688 | $135,604 | $241,084 |
| 2022 | $6,151 | $369,303 | $132,946 | $236,357 |
| 2021 | $5,969 | $362,063 | $130,340 | $231,723 |
| 2019 | $5,883 | $352,125 | $126,475 | $225,650 |
| 2018 | $5,656 | $345,238 | $123,996 | $221,242 |
| 2016 | $5,193 | $331,065 | $119,182 | $211,883 |
| 2015 | $5,015 | $326,093 | $117,392 | $208,701 |
| 2014 | $5,037 | $319,706 | $115,093 | $204,613 |
Source: Public Records
Agents Affiliated with this Home
-
Shane Young
-
Fara Salamat
Buyer's Agent in 2025
Fara Salamat
Fara Salamat
(310) 623-0880
1 in this area
34 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW25182296
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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