Property Detail
Description
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 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.
Map Location
Listing provided courtesy of Robert Stepp of Keller Williams Realty Downey. Last updated 2025-06-19 08:12:03.000000. Listing information © 2025 CRMLS.
John Collins
DRE# 01948188
888 Prospect St. Suite 140
La Jolla, CA 92037
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858.252.0200
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Address
888 Prospect St. Suite 140 La Jolla CA 92037
Coldwell Banker Realty, CalBRE# 00616212
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