2369 Pacific Ave
Long Beach, CA 90806

Bd   — Ba   2,951 Sqft
Great investment opportunity with solid $4,900 per month rental income. A mix of 2 office - retail spaces with optimal street frontage facing Pacific Ave. and the hundreds of cars that go by daily. Now couple that with the three residential units in the back with tons of private, gated parking. All units are currently tenant occupied, with 4 of the 5 being month-to-month. The front retail unit A rents for $700 per month, unit B is $800 per month. The 3 residential units in the back are each 1 bedroom, 1 bathroom. Rents for these units are $950, $950 and $900. The property also includes 4 garages off the back alley, which 2 are rented by tenants for $250 and $350 respectively. The remaining 2 garages are used by the owner as storage - but you could rent these out and add to your monthly $4,900 income per month! Located in the heart of the Wrighley District of Long Beach. This property has NO rent control restrictions.
  • Neighborhood: South Wrigley
  • Days on Movoto: 27
  • Year Built: 1931
  • HOA:
  • $/Sqft: $281
  • Lot: 7,261 Sqft
  • Property Type: Multi Family
  • MLS#: OC17017147
  • MLS:
  • Listing Office: Star Real Estate
  • Listed By: Robert Van Der Goes
  • Movoto last checked CRMLS for new data 7 hours ago
  • CRMLS last updated this listing 3 weeks ago

Home Features for 2369 Pacific Ave , Long Beach

Overview
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Property History for 2369 Pacific Ave, Long Beach

Status
Date
Price
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

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As of today, there are 16 properties listed for sale in ZIP code 90806 and 391 properties listed for sale in the city of Long Beach, CA. This property at 2369 Pacific Ave in 90806 is currently listed for $829,000. This is 58% above the $524,900 median price for Long Beach and 81% above the 90806 median of $459,000. Of the 391 properties for sale in Long Beach, 229 are single family homes and 162 are condos. 2369 Pacific Ave is a multi family home that is approximately 2,951 square feet, 129% above the Long Beach median of 1,287 and 129% above the 90806 ZIP code median of 1,287. The price per square foot is $281, which is 24% below the median price in 90806 of $372 and 34% below the Long Beach median of $428 per Sqft.
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 01/25/2017 for $829,000 with a cost per Sqft of $281. 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 27 days. The median days on the market for properties in this area is 41 with a median list price of $524,900 and median cost per square foot of $428. It's currently listed as active under the MLS #OC17017147.

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