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1047 Pacific Ave, Long Beach, CA 90813
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1047 Pacific Ave Long Beach, CA 90813

$4,250,000
  • 19 Beds
  • 19 Baths
  • 5,557 Sq.Ft.
For Sale
$4,250,000 Get Pre-Qualified
Map preview of 1047 Pacific Ave, Long Beach, CA 90813

Property Overview: 1047 Pacific Ave Long Beach, CA has 19 bedrooms, 19 bathrooms, 5,557 living square feet and 14,912 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 19 Room and 1 Mangers Housing Motel for Sale in Downtown Long Beach. All Rooms and Bathrooms have been renovated in the recent years. Property sits on a large lot with lots of available parking. Managers units is 1 bedroom with 1 full bath. Property has in house laundry with maid service. Close to the 710 Freeway Between 7th Street and Anaheim. Business is excluded from sale. Gross Income is 445,000/YTD

Listed by Danny Stojakovic | BRE #01948130 | Berkshire Hathaway HomeServices California Properties
Last checked: 4 minutes ago | Last updated: April 1st, 2024 | Source CRMLS | DOM: 185
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Home details

Lot Sq. Ft
14,912
HOA Dues
$0/mo
Year built
1958
Garage
--
Property Type:
Hotel/Motel
Status
Active
MLS#
PW23194555
City
Long Beach
County
Los Angeles
Time on Site
192 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 19
  • Total # of Buildings: 1
  • # of Leased Units: 19
Unit Breakdown 1
  • # of Units: 19
  • # of Beds: 1
  • # of Baths: 1
  • Total Rent: --
Property Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: --
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 1047 Pacific Ave

Interior Features
Laundry Information
  • Common Area, Gas & Electric Dryer Hookup
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
Lot Information
  • Lot Features: Level with Street, Lot 10000-19999 Sqft, No Landscaping, Paved, Value In Land
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Total # of Units: 19
  • Parcel Number: 7272005051
  • Year Built Source: Assessor
  • Entry Level: 1
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Pacific & 10th Street
View more facts & features

Local Long Beach Agent

Sale History for 1047 Pacific Ave

Last sold on April 16th, 2012

  • October, 2023

  • Oct 18, 2023

    Date

    Active

    CRMLS: PW23194555

    $4,250,000

    Price

  • April, 2012

  • Apr 16, 2012

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1047 Pacific Ave

Assessed Value (2020): $976,216
Year Land Value Improved Value Assessed Value
2020 $459,397 $516,819 $976,216

Home Value Compared to the Market

This property vs the competition

1047 Pacific Ave is listed 431.25% higher than the median list price for the city of Long Beach which has a median list price of $800,000. The median price per/sqft for Long Beach is $633 and this home is listed at $764.8 per/sqft which puts the price per square foot 20.82% higher than the median price per square foot for the city of Long Beach.

About 1047 Pacific Ave

Detailed summary of property

1047 Pacific Ave is a hotel/motel located in Long Beach, CA 90813 and is currently for sale. This hotel/motel offers 19 bedrooms, 19 bathrooms, roughly 5,557 living square feet, and sits on an approximately 14,912 square foot lot. 1047 Pacific Ave was first listed on ArdentRealEstateGroup.com on October 18, 2023. The homeowner is currently asking $4,250,000. The median priced home in Long Beach is $800,000 with a median price per square foot of $633. Based on Ardent Real Estate Group's Long Beach Market Data, this home is listed 431.25% higher than the median priced home. Local competing homes currently for sale include 6738 Greenleaf Ave, 5349 Crenshaw Blvd and 4924-4928 4924 and 49289 Crenshaw Blvd. While the average home in Long Beach, CA is selling in 56 days, 1047 Pacific Ave has a days on market of 185 days. There are currently 570 homes for sale in the Long Beach real estate market and 325 of them are single family homes while 233 of them are condos and 12 are townhomes. For more information on this home for sale at 1047 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 1047 Pacific Ave

Public county record property details
Beds
--
Baths
--
Year built
1958
Sq. Ft.
5,557
Lot Size
--
Stories
--
Type
Motel
Pool
No
Spa
No
County
Los Angeles
Lot#
6,7
APN
7272-005-051

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
$695,000
Median List Price/Sq.Ft.
$563
Median Sold Price
$515,000
Median Sold Price/Sq.Ft.
$612
Total Inventory
30
Median Sale to List Price %
98.1%
Avg Days on Market
27
Loan Type
Conventional (54.55%), FHA (9.09%), VA (18.18%), Cash (0%), Other (18.18%)

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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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