1861 Pacific Ave - Apartments FOR SALE


Long Beach, CA 90806- Wrigley
$1,699,000 USD
714-932-9109
1861 Pacific Ave, Long Beach, CA for Sale
$1,699,000 USD
Apartments - FOR SALE
1/27
null | 6.83% Cap Rate

1861 Pacific Ave
Long Beach, CA 90806
Wrigley


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,699,000 USD

PRICE/SF

$271 USD /SF

# OF UNITS

8

PRICE/UNIT

$212,375

CAP RATE

6.83%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1929

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,178 SF

ZONING

LBCCA

APN/PARCEL ID

7209-022-010

ASK ABOUT THIS PROPERTY

Kevin KottKott & Company, Inc.More Info
714-932-9109

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Kevin KottKott & Company, Inc.More Info
714-932-9109

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