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1861 Pacific Ave 8 Unit Apartment Building $1,699,000 ($212,375/Unit) 6.83% Cap Rate Long Beach, CA 90806
Executive Summary
Prime mixed-use property for sale in Long Beach! This versatile investment opportunity features two retail units in the front, perfect for businesses
seeking high visibility and foot traffic. The rear of the property boasts six multifamily units, offering a blend of convenience and comfort for
tenants. Located ten minutes from the beach and one minute from Pacific Coast Highway, this property ensures easy access to local attractions,
dining, and shopping. This property presents a unique investment opportunity, combining commercial and residential potential in one of Long
Beach's most sought-after locations.
seeking high visibility and foot traffic. The rear of the property boasts six multifamily units, offering a blend of convenience and comfort for
tenants. Located ten minutes from the beach and one minute from Pacific Coast Highway, this property ensures easy access to local attractions,
dining, and shopping. This property presents a unique investment opportunity, combining commercial and residential potential in one of Long
Beach's most sought-after locations.
Property Facts
| Price | $1,699,000 | Building Class | C |
| Price Per Unit | $212,375 | Lot Size | 0.21 AC |
| Sale Type | Investment | Building Size | 6,267 SF |
| Cap Rate | 6.83% | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1929 |
| Property Subtype | Apartment | Parking Ratio | 0.82/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | LBCCA - Long Beach Coastal Commercial Area | ||
| Price | $1,699,000 |
| Price Per Unit | $212,375 |
| Sale Type | Investment |
| Cap Rate | 6.83% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 6,267 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1929 |
| Parking Ratio | 0.82/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | LBCCA - Long Beach Coastal Commercial Area |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Tub/Shower
- Lawn
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Moderately walkable
60/100
Exceptionally drivable
90/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 7209-022-010 | Improvements Assessment | $1,519,800 |
| Land Assessment | $719,100 | Total Assessment | $2,238,900 |
Property Taxes
Parcel Number
7209-022-010
Land Assessment
$719,100
Improvements Assessment
$1,519,800
Total Assessment
$2,238,900
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1861 Pacific Ave