2369 Pacific Ave
Long Beach, CA 90806

Bd   — Ba   2,951 Sqft
Great income property opportunity. Split use zoning (CNP - Neighborhood Pedestrian-Oriented Commercial). Property has 5 different units total on the property, all generating monthly rents currently totaling $4,900 per month. There are 2 office/retail units with great Pacific Avenue street frontage, rents are currently $700 and $800 respectively. The property also has 3 residential units set behind the office spaces. Each unit is 1 bedroom, 1 bathroom and the current rents are $950, $950 and $900 respectively. The property has ample open space parking as well as 4 private garages. Two of the 4 the garage units are rented as storage for $250 and $350 each. All rents are month-to-month with the exception of the $800 per month office space, this unit has approximately 18 months left on lease. This is a great way to diversify your investment portfolio. Pro forma rental income is roughly $5,285 per month or $63,420 annually. Buyer to verify all information on their own, information deemed reliable, but not guaranteed.
  • Neighborhood: South Wrigley
  • Days on Movoto: 127
  • Year Built: 1931
  • HOA:
  • $/Sqft: $305
  • Lot: 7,261 Sqft
  • Property Type: Single Family
  • MLS#: OC16112888
  • MLS:
  • Listing Office: Star Real Estate
  • Listing Broker: Robert Van Der Goes
  • Movoto last checked: 11 hours ago
  • Last updated: 1 month ago

Home Features for 2369 Pacific Ave, Long Beach

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Real Estate Market Statistics of 2369 Pacific Avenue , Long Beach

Long Beach, California

Total Inventory For Sale

761 Homes

0% m/m -35% y/y

Median List Price


-1% m/m +22% y/y

Median Days On Market

49 Days

+11% m/m +4% y/y

Median House Size

1,492 Sqft

+2% m/m +16% y/y

Median Price Per Square Foot

$393 /Sqft

-1% m/m +7% y/y

Median Price

As of today, there are 44 properties listed for sale in ZIP code 90806 and 761 properties listed for sale in the city of Long Beach, CA. This property at 2369 Pacific Ave in 90806 is currently listed for $899,000. This is 54% above the $585,000 median price for Long Beach and 70% above the 90806 median of $530,000. Of the 761 properties for sale in Long Beach, 516 are single family homes and 245 are condos. 2369 Pacific Ave is a single family home that is approximately 2,951 square feet, 98% above the Long Beach median of 1,492 and 82% above the 90806 ZIP code median of 1,619. The price per Sqft is $305, which is 4% below the median price in 90806 of $319 and 22% below the Long Beach median of $393 per Sqft.

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Built in 1931, this single family house at 2369 Pacific Ave is approximately 2,951 square feet and comes with 12 parking spots. It is listed on 05/24/2016 for $899,000 with a cost per Sqft of $305. 2369 Pacific Ave is located in the South Wrigley neighborhood in the Long Beach Unified School District. The closest school is Lafayette Elementary School.

2369 Pacific Ave has been on the market for 127 days. The median days on the market for properties in this area is 49 with a median list price of $585,000 and median cost per square foot of $393. It's currently listed as active under the MLS #OC16112888.

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