1121 Pacific Ave | Long Beach, CA 90813
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- LoopNet Team
1121 Pacific Ave
Long Beach, CA 90813
7 Units | Two Parcels of Land near Downtown · Multifamily Property For Sale
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7 Units
Investment Highlights
- 2 Parcels (5 Unit + 2 Unit with Open Lot) | Can be sold Separately, or Together
- 6.92% Actual CAP Rate
- Development Opportunity (PD-30 zoning), allowing for a potential redevelopment of 45–90 units
- Extensively Renovated with ~$500,000 in capital improvements
- No local rent control: subject only to AB 1482
- Located less than 1 mile from the Beach & minutes from Downtown Long Beach
Property Facts
| No. Units | 7 | Lot Size | 0.34 AC |
| Property Type | Multifamily | Building Size | 11,343 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1907/2024 |
| Building Class | B | Parking Ratio | 3.31/1,000 SF |
| Zoning | LBCO - PD-30 High Density Zoning Opportunity Zone Build 45-90 Units or, ADU's | ||
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 0.34 AC |
| Building Size | 11,343 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1907/2024 |
| Parking Ratio | 3.31/1,000 SF |
| Zoning | LBCO - PD-30 High Density Zoning Opportunity Zone Build 45-90 Units or, ADU's |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Public Transportation
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | 395 |
| 1+1 | 1 | - | 475 |
| 3+1 | 5 | - | 1,093 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $807,352 | |
| Land Assessment | $1,310,860 | Total Assessment | $2,118,212 |
Property Taxes
Parcel Numbers
Land Assessment
$1,310,860
Improvements Assessment
$807,352
Total Assessment
$2,118,212
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