2465 Pasadena Ave
Long Beach, CA 90806

Bd   — Ba   3,680 Sqft
Recently reduced. Don't miss this opportunity! NO RENT CONTROL INVESTOR'S DELIGHT/RENTS BELOW MARKET VALUE UPSIDE OPPORTUNITY This 10 unit complex with Courtyard style building provides a strong income base for the owner. While this property is cosmetically attractive and convenient to tenants for schools, shopping, and public transportation, it also has an upside for future rent increases. Estimated market value potential increase to $106,200 GSI. The property is well gated at both ends and the courtyard provides each unit sunlight. The seller leased Washer/Dryer in Laundry Room provides a steady income. Each unit is separately electric metered and master metered gas.
  • Neighborhood: Central Long Beach
  • Days on Movoto: 213
  • Year Built: 1923
  • HOA: $0 HOA
  • $/Sqft: $318
  • Lot: 6,092 Sqft
  • Property Type: Multi Family
  • MLS#: SB16084359
  • MLS:
  • Listing Office: Keller Williams Realty
  • Listed By: Charles Brewer
  • Movoto last checked CRMLS for new data 37 minutes ago
  • CRMLS last updated this listing 6 months ago
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Property History

Status
Date
Price
Sold
Nov 21, 2016
$1,170,000
Active Under Contract
Oct 6, 2016
Price Change
Sep 12, 2016
$1,199,000
Listed
Aug 11, 2016
Pending
Jul 29, 2016
Listed
Jul 22, 2016
Pending
Jul 7, 2016
Listed
Apr 22, 2016
$1,245,000
#SB16084359
As of today, there are 21 properties listed for sale in ZIP code 90806 and 457 properties listed for sale in the city of Long Beach, CA. This property at 2465 Pasadena Ave in 90806 was last listed for $1,170,000. This is 99% above the current $589,000 median price for Long Beach and 134% above the median of $499,900 for 90806. Of the 457 properties for sale in Long Beach, 285 are single family homes and 172 are condos. 2465 Pasadena Ave is a multi family home that is approximately 3,680 square feet, 163% above the Long Beach median of 1,400 and 163% above the 90806 ZIP code median of 1,400. The price per square foot was $318 which is 17% below the current median price in 90806 of $383 and 27% below the Long Beach median of $435 per square foot.
Built in 1923, this multi family house at 2465 Pasadena Ave, Long Beach CA, 90806 is approximately 3,680 square feet and does not come with a parking spot. It was last listed with a cost per Sqft of $318. 2465 Pasadena Ave is located in the Central Long Beach neighborhood in the Long Beach Unified School District. The closest school is Burnett Elementary School.

2465 Pasadena Ave, Long Beach CA, 90806 was on the market for 213 days. The median days on the market for properties in this area is 31 with a median list price of $589,000 and median cost per square foot of $435. Its current status is sold under the MLS #SB16084359.

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