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 Ave. street frontage, rents are currently $700 and $800 respectively. The property also has 3 residential units set behind the retail spaces. Each unit is a 1 bedroom, 1 bath and the current rents are $950, $950 and $900. The property has ample open space parking as well as 4 private garages. Two of the 4 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 11 months left on lease. The driveway is NOT shared with other properties. This is a great way to diversify your investment portfolio. Pro forma rental income is closer to $5,300 per month or $63,600 annually. Buyer to verify all information on their own, information deemed reliable but not guaranteed.
  • Neighborhood: South Wrigley
  • Days on Movoto: 25
  • Year Built: 1931
  • HOA: $0 HOA
  • $/Sqft: $276
  • Lot: 7,261 Sqft
  • Property Type: Multi Family
  • MLS#: OC17121764
  • MLS:
  • Listing Office: Star Real Estate
  • Listed By: Robert Van Der Goes
  • Movoto last checked CRMLS for new data 58 minutes ago
  • CRMLS last updated this listing 3 weeks ago

Home Features for 2369 Pacific Avenue, Long Beach

Overview
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Property History for 2369 Pacific Avenue, Long Beach

Status
Date
Price
Listed
May 30, 2017
$815,000
#OC17121764
Listed
Jan 25, 2017
$829,000
#OC17017147
Expired
Jan 3, 2017
#OC16112719
Price Change
Dec 6, 2016
$835,000
Price Change
Oct 3, 2016
$850,000
#OC16112719
Price Change
Aug 9, 2016
$899,000
#OC16112837
Listed
May 24, 2016
$949,000
#OC16112888
Listed
May 24, 2016
$949,000
#OC16112837
Listed
May 24, 2016
$850,000
#OC16112719
Listed
May 24, 2016
$949,000
#OC16112719

Compare Similar Homes for 2369 Pacific Avenue, Long Beach

Estimated market value is $1,150,890 which is 41% above the list price. This estimate is based on the following nearby homes which average $390/Sqft.
You can refine the estimate by removing homes that are not similar
A 1.91 mi
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  • $724,900
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  • $384 /Sqft
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B 19.26 mi
511 E 15th
  • $680,000
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    26 days

  • 1 Bd
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  • $309 /Sqft
  • 7,346 Sqft Lot
  • Built 1960
C 34.11 mi
5063 Medina Rd
  • $860,000
  • For Sale

    8 days

  • 1 Bd
  • 1 Ba
  • 1,800 Sqft
  • $478 /Sqft
  • 21,424 Sqft Lot
  • Built 1947
YOU
ARE
HERE
2369 Pacific Ave
  • $815,000
  • For Sale

    25 days

  • — Bd
  • — Ba
  • 2,951 Sqft
  • $276 /Sqft
  • 7,261 Sqft Lot
  • Built 1931
As of today, there are 20 properties listed for sale in ZIP code 90806 and 552 properties listed for sale in the city of Long Beach, CA. This property at 2369 Pacific Ave in 90806 is currently listed for $815,000. This is 36% above the $599,925 median price for Long Beach and 66% above the 90806 median of $491,950. Of the 552 properties for sale in Long Beach, 367 are single family homes and 185 are condos. 2369 Pacific Ave is a multi family home that is approximately 2,951 square feet, 118% above the Long Beach median of 1,352 and 142% above the 90806 ZIP code median of 1,218. The price per Sqft is $276, which is 32% below the median price in 90806 of $404 and 37% below the Long Beach median of $435 per square foot.
Built in 1931, this multi family house at 2369 Pacific Ave is approximately 2,951 square feet and comes with 4 parking spots. It is listed on 05/30/2017 with a cost per Sqft of $276. 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 25 days. The median days on the market for properties in this area is 43 with a median list price of $599,925 and median cost per square foot of $435. It's currently listed as active under the MLS #OC17121764.

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