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 Walkableâ€â€”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.
Sewer: Public Sewer
Water Source: Public
Lot Features: 6-10 Units/Acre
Number Of Buildings: 3
Parcel Identification Number: 7269022021
Year Built Source: Assessor
Common Walls: 2+ Common Walls
Laundry Features: None
Laundry: Has Laundry
Zoning: LBPD29
MLSAreaMajor: 9 - Poly High
Street Address: 426 E 17th Street
City: Long Beach
State: California
Postal Code: 90813
County: Los Angeles
MLS Number: PW25135860
Year Built: 1923
Courtesy of Keller Williams Realty Downey
City: Long Beach
State: California
Postal Code: 90813
County: Los Angeles
MLS Number: PW25135860
Year Built: 1923
Courtesy of Keller Williams Realty Downey
Courtesy of Keller Williams Realty Downey
