1121 Pacific Ave - Apartments FOR SALE
Long Beach, CA 90813 |
1121 Pacific Ave
Long Beach, CA 90813
HIGHLIGHTS
- 2 Parcels (5 Unit + 2 Unit with Open Lot) | Can be sold Separately, or Together
- Extensively Renovated with ~$500,000 in capital improvements
- 6.92% Actual CAP Rate
- No local rent control: subject only to AB 1482
- Development Opportunity (PD-30 zoning), allowing for a potential redevelopment of 45–90 units
- Located less than 1 mile from the Beach & minutes from Downtown Long Beach
FOR SALE DETAILS
PRICE
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# OF UNITS
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CAP RATE
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% LEASED
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BUILDING DETAILS
PROPERTY NAME
7 Units | Two Parcels of Land near Downtown
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Garden
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
11343
STORIES
2
YEAR BUILT
1907
PARKING SPACES
21
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
7272-005-010,7272-005-011
