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1035 Pacific Ave, Long Beach, CA 90813
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1035 Pacific Ave Long Beach, CA 90813

$1,050,000 Sold Price as of 02/11/2022
  • 7 Beds
  • 6 Baths
  • 5,252 Sq.Ft.
Sold
$1,050,000 Sold Price as of 02/11/2022 Refinance Your Mortgage
Map preview of 1035 Pacific Ave, Long Beach, CA 90813

Property Overview: 1035 Pacific Ave Long Beach, CA has 7 bedrooms, 6 bathrooms, 5,252 living square feet and 7,463 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Great investment opportunity in Downtown Long Beach. Front building consists of a 3 bed & 2 bath unit with the rear building consisting of four 1 bed & 1 bath unit with a small laundry/den. Large Lot, with great common area. Gated for safety and security. All units will be delivered tenant occupied. Please review current total rents associated with this listing. Tenants are long term, ranging from 8 years to 30 years and rental income shows that. Location is great with all new development happening in Downtown Long Beach.

Listed by Danny Stojakovic | BRE #01948130 | Berkshire Hathaway H.S.C.P.
Last checked: 4 minutes ago | Last updated: March 23rd, 2023 | Source CRMLS | DOM: 1

Home details

Lot Sq. Ft
7,463
HOA Dues
$0/mo
Year built
1920
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
PW21247374
City
Long Beach
County
Los Angeles
Time on Site
918 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 2
  • # of Electric Meters: 5
  • # of Gas Meters: 6
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,075
  • Total Rent: $1,075
  • Pro Forma/Market Rent: $1,350
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,185
  • Total Rent: $1,185
  • Pro Forma/Market Rent: $1,450
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,090
  • Total Rent: $1,090
  • Pro Forma/Market Rent: $1,350
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,045
  • Total Rent: $1,045
  • Pro Forma/Market Rent: $1,350
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,500
  • Total Rent: $2,500
  • Pro Forma/Market Rent: $3,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $80,640
  • Net Operating Income: $70,347
  • Gross Operating Income: --
  • # of Rented Garages: 0
  • Garage Rental Rate: $0
Annual Expense Breakdown
  • Total Operating Expense: $10,293
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $1,589
  • Insurance: $1,926
  • Professional Management: $0
  • Water/Sewer: $5,807

Property Details for 1035 Pacific Ave

Interior Features
Laundry Information
  • No Laundry
  • None
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Landscaped, Park Nearby
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 5
  • Parcel Number: 7272005016
  • Year Built Source: Public Records
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Downtown (DT)
  • Directions: Exit Anaheim Street East towards Pacific Ave then make a right
Neighborhood Information
  • Community Features: Golf, Sidewalks
View more facts & features

Local Long Beach Agent

Sale History for 1035 Pacific Ave

Last sold for $1,050,000 on February 11th, 2022

  • February, 2022

  • Feb 11, 2022

    Date

    Sold

    CRMLS: PW21247374

    $1,050,000

    Price

  • Nov 11, 2021

    Date

    Active

    CRMLS: PW21247374

    $1,250,000

    Price

  • August, 2021

  • Aug 26, 2021

    Date

    Expired

    CRMLS: PW20174510

    $1,149,000

    Price

  • Nov 10, 2020

    Date

    Price Change

    CRMLS: PW20174510

    $1,149,000

    Price

  • Nov 10, 2020

    Date

    Active

    CRMLS: PW20174510

    $1,250,000

    Price

  • Oct 28, 2020

    Date

    Active Under Contract

    CRMLS: PW20174510

    $1,250,000

    Price

  • Aug 28, 2020

    Date

    Active

    CRMLS: PW20174510

    $1,250,000

    Price

  • Aug 25, 2020

    Date

    Coming Soon

    CRMLS: PW20174510

    $1,250,000

    Price

  • Listing provided courtesy of CRMLS

    GGreat investment opportunity in Downtown Long Beach. Front building consists of a 2 bed & 1 bath unit along with a 1 bed & 1 bath unit. The rear building consists of 1 bed & 1 bath units. Tax records show 5 Units but actually 6 total units. Large Lot, with great common area. Gated for safety and security. All units will be delivered tenant occupied. Please review current total rents associated with this listing. Tenants are long term, ranging from 8 years to 30 years and rental income shows that. Location is great with all new development happening in Downtown Long Beach. Don't miss out on this one. *Sold as is*

  • October, 2011

  • Oct 14, 2011

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • January, 2007

  • Jan 16, 2007

    Date

    Sold (Public Records)

    Public Records

    $70,000

    Price

Show More

Tax History for 1035 Pacific Ave

Assessed Value (2020): $563,359
Year Land Value Improved Value Assessed Value
2020 $390,488 $172,871 $563,359

Home Value Compared to the Market

This property vs the competition

1035 Pacific Ave sold on February 11, 2022 for 56.25% higher than the current median sold price for the city of Long Beach which is $800,000. The median sold price per/sqft for Long Beach is $632 and this home is sold at $238 per/sqft which puts the price per square foot 62.34% lower than the current median sale per square foot for the city of Long Beach.

About 1035 Pacific Ave

Detailed summary of property

1035 Pacific Ave is a multi family that recently sold in Long Beach, CA 90813. This multi family property offered 7 bedrooms, 6 bathrooms, roughly 5,252 living square feet, and sits on an approximately 7,463 square foot lot. 1035 Pacific Ave was first listed on ArdentRealEstateGroup.com on November 12, 2021. The homeowner sold the property for $1,050,000. Home in Long Beach are selling for a median price of $800,000 and a median price per square foot of $632. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 56.25% higher than the current median priced home. Local homes that are currently for sale include 1731 E 3rd St, 1890 E 20th St and 1562 W 31st St. While the average home in Long Beach, CA is selling in 51 days, 1035 Pacific Ave has a days on market of 1 days. There are currently 639 homes for sale in the Long Beach real estate market and 366 of them are single family homes while 259 of them are condos and 14 are townhomes. For more information on this home for sale at 1035 Pacific Ave Long Beach, CA 90813 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 1035 Pacific Ave

Public county record property details
Beds
7
Baths
5
Year built
1920
Sq. Ft.
5,252
Lot Size
7,463
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
8
APN
7272-005-016

The source for these homes facts are from public records.

90813 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$570,000
Median List Price/Sq.Ft.
$546
Median Sold Price
$584,000
Median Sold Price/Sq.Ft.
$592
Total Inventory
34
Median Sale to List Price %
108.35%
Avg Days on Market
23
Loan Type
Conventional (80%), FHA (10%), VA (10%), Cash (0%), Other (0%)

Thinking of Selling?

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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