1123 Pacific Ave - Apartments FOR SALE


Long Beach, CA 90813- Downtown Long Beach
$899,000 USD
714-299-6746
1123 Pacific Ave, Long Beach, CA for Sale
$899,000 USD
Apartments - FOR SALE
1/9
null | 3.7% Cap Rate

1123 Pacific Ave
Long Beach, CA 90813
Downtown Long Beach


HIGHLIGHTS

  • Located in Opportunity Zone
  • Oversized 7,444 SF Lot with potential to add multiple ADUs
  • Includes 14 Open Parking Spaces and 4 Garages
  • Recent Upgrades Features a Newer Roof and Updated Exteriors

OVERVIEW

High-density development opportunity situated on a 7,444 square-foot lot in a centrally located in the rapidly growing downtown Long Beach market. The property consists of one 1-bedroom, 1-bath units, along with one studio unit. On-site parking is abundant, including four single-car garages and multiple uncovered spaces, providing convenience for residents and guests. The site is zoned PD-30, supporting a wide range of residential development possibilities. The zoning and location make this a compelling option for those seeking to expand or redevelop in a rapidly evolving area.

FOR SALE DETAILS

PRICE

$899,000 USD

PRICE/SF

$899 USD /SF

# OF UNITS

2

PRICE/UNIT

$449,500

CAP RATE

3.7%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

LBCO

APN/PARCEL ID

7272-005-010

ASK ABOUT THIS PROPERTY

Michael BourasStream Realty Partners, LPMore Info
714-299-6746

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Michael BourasStream Realty Partners, LPMore Info
714-299-6746

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.