1775 Pacific Ave
Long Beach, CA 90813

Bd   Ba   6,078 Sqft   8 Days
Great Investment Opportunity! Subject property consists of 3 buildings. Excellent unit mix: 2 Commercial retail units in front, 6 residential units in rear (four 3-bedroom, one 1-bedroom and one studio). Excellent Long-Term Tenants. Spacious outdoor common area. Four private garages. Separately metered for gas and electric. Close proximity to Retail Amenities, Downtown, Long Beach Convention and Entertainment Center, Queen Mary, Long Beach Performing Arts Center, the beach, night life and much more. Long Beach is considered a major development hub in Southern California. Property offers investors a great opportunity to acquire a value-add asset in a strong non-rent controlled market. Seller may carry part of down payment.
  • $0 HOA
  • $246/Sqft
  • MLS#RS17215006 provided by Ana Maria Nava of All California Brokerage Inc
  • Movoto last checked CRMLS for new data 4 hours ago
  • CRMLS last updated this listing 5 days ago

Home Features for 1775 Pacific Avenue, Long Beach

Year Built: 1936
Property SubType: Commercial/Residential
Lot Size Acres: 0.17
Lot Size Square Feet: 7497
Lot Size Units: Square Feet
Lot Size Area: 7497
Price Per Square Foot: 245.97
Tax Lot: 1123
Tax Tract Number: 12345
New Taxes Expense: 17192
Parcel Number: 7269001003
Tax Rate: 1.15
TaxYear: 2017
Tax Annual Amount: 10319
Special Listing Conditions: Standard
Standard Status: Active
Interior
Average 3rd Bedroom Area: 880
Exterior
Levels: Two
Common Walls: 2+ Common Walls
Building Area Units: Square Feet
Average 2nd Bedroom Area Units: Square Feet
Average Studio Area Units: Square Feet
Number Of Buildings: 3
Roof: Shingle
Average 3rd Bedroom Area Units: Square Feet
Average 1st Bedroom Area Units: Square Feet
Building Area Total: 6078
Parking Features: Garage - Rear Entry, Street
Parking Total: 4
Garage Spaces: 4
Number Of Units Total: 8
Property Attached Y/N: 1
Amenities / Utilities
Trash Expense: 1440
Water Sewer Expense: 4721
Electric Expense: 1044
Laundry Features: Area
Community Features: Urban
Pool Features: None
Location
Road Frontage Type: City Street
Subdivision Name Other: Other
Subdivision Name: Other (OTHR)
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Property History for 1775 Pacific Avenue, Long Beach

Status
Date
Price
Listed
Sep 17, 2017
$1,495,000
#RS17215006
Listed
Jul 9, 2016
$1,275,000
#RS16149320

Real Estate Market Statistics for 1775 Pacific Avenue, Long Beach

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1775 Pacific Avenue

No data!
Washington School
Long Beach
90813
List Price
Price/Sqft
Homes for Sale
Days on Movoto

List Price

$1.5M

1775 Pacific Avenue

$250K

Washington School

-5% y/y

Washington School

$285K

90813

-10% y/y

90813

$619K

Long Beach

3% y/y

Long Beach

See all trends for Long Beach
As of today, there are 31 properties listed for sale in ZIP code 90813 and 478 properties listed for sale in the city of Long Beach, CA. This property at 1775 Pacific Ave in 90813 is currently listed for $1,495,000. This is 141% above the $619,894 median price for Long Beach and 425% above the 90813 median of $285,000. Of the 478 properties for sale in Long Beach, 319 are single family homes and 159 are condos. 1775 Pacific Ave is a multi family home that is approximately 6,078 Sqft, 322% above the Long Beach median of 1,440 and 664% above the 90813 ZIP code median of 796. The price per square foot is $246, which is 30% below the median price in 90813 of $352 and 45% below the Long Beach median of $445 per square foot.
Built in 1936, this multi family house at 1775 Pacific Ave is approximately 6,078 square feet and comes with 4 parking spots. It is listed on 09/17/2017 with a cost per Sqft of $246. 1775 Pacific Ave is located in the Washington School neighborhood in the Long Beach Unified School District. The closest school is Washington Middle School.

1775 Pacific Ave has been on the market for 8 days. The median days on the market for properties in this area is 39 with a median list price of $619,894 and median cost per square foot of $445. It's currently listed as active under the MLS #RS17215006.

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