2626 E Anaheim, Long Beach, CA 90804

Long Beach
Local realty services provided by:ERA Excel Realty
2626 E Anaheim,Long Beach, CA 90804
$1,575,000
  • - Beds
  • - Baths
  • 3,644 sq. ft.
  • Multi-family
  • Active
Listed by: alec kara
Office: keller williams pacific estate562-513-7800
MLS#:PW26026042
Source:CRMLS

Price summary

  • Price:$1,575,000
  • Price per sq. ft.:$432.22

About this home

Huge 250k Price Reduction! Fully Renovated 6-unit building cash flowing at an amazing Current Cap Rate of 5.75% from day 1! Preliminary plans to add 5 ADUs to achieve an incredible 9.5% Cap Rate, 7.9 GRM, and only 192k/unit after taking into account all the construction costs (~546k assuming $200/SF). Attractive unit mix consisting of (4) well-designed One-Bedroom | One-Bathroom residential units plus (2) well-established commercial tenants (mini-market & flower-shop) both of which have been at this location for many years and have expressed interest for continued tenancy for years to come. The property is separately metered for gas and electrical utilities and each unit has its own individual water heater to further reduce operating costs. Large lot with 7 parking spaces in the back with future development & ADU potential. The property has seen a complete restoration, down to every inch. Overall systems were updated with new copper plumbing in units, new electrical sub-panels in...

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Home facts

  • Year built:1936
  • Listing ID #:PW26026042
  • Added:283 day(s) ago
  • Updated:May 03, 2026 at 10:43 AM

Rooms and interior

  • Living area:3,644 sq. ft.

Structure and exterior

  • Year built:1936
  • Building area:3,644 sq. ft.
  • Lot area:0.13 Acres
  • Lot Features:Near Park

Utilities

  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,575,000
  • Price per sq. ft.:$432.22
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