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 totalling $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: 153
  • Year Built: 1931
  • HOA:
  • $/Sqft: $288
  • Lot: 7,261 Sqft
  • Property Type: Single Family
  • MLS#: OC16112837
  • MLS:
  • Listing Office: Star Real Estate
  • Listing Broker: Robert Van Der Goes
  • Movoto last checked CRMLS for new data 17 hours ago
  • CRMLS last updated this listing 2 weeks 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

748 Homes

-1% m/m +25% y/y

Median List Price


0% m/m +11% y/y

Median Days On Market

53 Days

+3% m/m +1% y/y

Median House Size

1,498 Sqft

0% m/m +8% y/y

Median Price Per Square Foot

$393 /Sqft

+1% m/m +5% y/y

Median Price

As of today, , there are 49 properties listed for sale in ZIP code 90806 and 748 properties listed for sale in the city of Long Beach, CA. Of those 748 properties, there are 511 single family houses and 237 condos. The current list price for 2369 Pacific Ave is $850,000, which is 44% above the median price of $589,999 for Long Beach and 64% above the median of $519,000 for 90806. 2369 Pacific Ave is approximately 2,951 square feet, which is 97% above the median size in Long Beach of 1,498 Sqft and 82% above the median size in 90806 of 1,619 square feet. This property's price per Sqft is $288, which is 10% below the median in 90806 of $319 and 27% below the Long Beach median of $393.

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Built in 1931, this single family house at 2369 Pacific Ave is approximately 2,951 square feet and comes with 4 parking spots. It is listed on 05/24/2016 for $850,000 with a cost per Sqft of $288. 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 153 days. The median days on the market for properties in this area is 53 with a median list price of $589,999 and median cost per square foot of $393. It's currently listed as active under the MLS #OC16112837.

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