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… Read More (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. Read Less
Property listed by Keller Williams Realty Downey, Robert Stepp 310-463-2916
Listing Snapshot
Days Online
26
Last Updated
Property Type
Apartment
Lot Size
0.17 Acres
Year Built
1923
MLS Number
PW25135860
30 Days Snapshot Of 90813
$546k
-8%
(avg) sold price
6
+50%
homes sold
151
+93%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1923, Building area total: 5,270, 3 buildings, Architectural style: , Attached, Common walls: TwoCommonWallsOrMore
Community
Sidewalks
Expenses
Electric expense: $775, Fuel expense: $775, Gardener expense: $670, Insurance expense: $12,000, Licenses expense: $800, Maintenance expense: $7,000, New taxes expense: $23,892, Operating expense: $60,330, Trash expense: $775, Water sewer expense: $775, Other expense: $3,000
Income
Gross income: $177,359, Net operating income: $117,029
Based on information from California Regional Multiple Listing Service, Inc. as of 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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