5220 Pacific Ave - Apartments FOR SALE


Long Beach, CA 90805- Bixby Knolls
$1,195,000 USD
310-561-4776
5220 Pacific Ave, Long Beach, CA for Sale
$1,195,000 USD
Apartments - FOR SALE
1/14
null | 4.52% Cap Rate

5220 Pacific Ave
Long Beach, CA 90805
Bixby Knolls


HIGHLIGHTS

  • Easy access to the 710 freeway being just blocks away
  • Less than a mile from Bixby Knolls dining and shopping
  • Walkable immediate neighborhood, just blocks from The Pan, CVS, and McDonald’s, and other retail

OVERVIEW

- Great 4-plex in North Long Beach tucked on a tree lined street with 3,609 rentable square feet on a 7,534 square foot lot - Excellent unit mix with a front stand-alone 2 bed/1 bath house featuring new vinyl flooring along with laundry hookups in the kitchen plus two back town house style units (2 bed/1.5 bath and 2 bed/2 bath) and a 4th apartment (2 bed/1 bath) -The roof was replaced in 2025 -Recent electrical upgrades to the main disconnect and service entrance - Strong in-place income with an 11.9GRM and a 4.5% cap rate with a 19.4% upside to rents and a market cap rate of 5.9% - 4 separate garages for off-site parking, additional income, or ADU potential

FOR SALE DETAILS

PRICE

$1,195,000 USD

PRICE/SF

$331 USD /SF

# OF UNITS

4

PRICE/UNIT

$298,750

CAP RATE

4.52%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

5220 Pacific

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,151 SF

ZONING

LBR3S

APN/PARCEL ID

7132-014-019

ASK ABOUT THIS PROPERTY

Anthony WalkerBuckingham InvestmentsMore Info
310-561-4776

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Anthony WalkerBuckingham InvestmentsMore Info
310-561-4776

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