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1861-1871 Pacific Ave, Long Beach, CA 90806
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1861-1871 Pacific Ave Long Beach, CA 90806

$2,150,000
  • 11 Beds
  • 7 Baths
  • 6,267 Sq.Ft.
For Sale
$2,150,000 Get Pre-Qualified
Map preview of 1861-1871 Pacific Ave, Long Beach, CA 90806

Property Overview: 1861-1871 Pacific Ave Long Beach, CA has 11 bedrooms, 7 bathrooms, 6,267 living square feet and 8,002 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: Prime mixed-use property for sale in Long Beach! This versatile investment opportunity features two retail units in the front, perfect for businesses seeking high visibility and foot traffic. The rear of the property boasts six multifamily units, offering a blend of convenience and comfort for tenants. Located ten minutes from the beach and one minute from Pacific Coast Highway, this property ensures easy access to local attractions, dining, and shopping. This property presents a unique investment opportunity, combining commercial and residential potential in one of Long Beach's most sought-after locations.

Listed by Kevin Kott | BRE #02089647 | Paul Kott Realtors, Inc.
Last checked: 4 minutes ago | Last updated: September 13th, 2024 | Source CRMLS | DOM: 55

Home details

Lot Sq. Ft
8,002
HOA Dues
$0/mo
Year built
1929
Garage
5 Car
Property Type:
Mixed Use
Status
Active
MLS#
PW24153389
City
Long Beach
County
Los Angeles
Time on Site
55 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 2
  • # of Leased Units: 6
  • # of Electric Meters: 8
  • # of Gas Meters: 8
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,195
  • Total Rent: $26,340
  • Pro Forma/Market Rent: $2,350
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,650
  • Total Rent: $19,800
  • Pro Forma/Market Rent: $1,650
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,195
  • Total Rent: $26,340
  • Pro Forma/Market Rent: $2,350
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,195
  • Total Rent: $26,340
  • Pro Forma/Market Rent: $2,350
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,495
  • Total Rent: $29,940
  • Pro Forma/Market Rent: $2,550
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $995
  • Total Rent: $11,940
  • Pro Forma/Market Rent: $1,400
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,350
  • Total Rent: $16,200
  • Pro Forma/Market Rent: $1,400
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,595
  • Total Rent: $31,140
  • Pro Forma/Market Rent: $2,750
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.25%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $187,500
  • Net Operating Income: $112,500
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $75,000
  • Electric: $1,200
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $7,500
  • Professional Management: $18,750
  • Water/Sewer: $0

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Property Details for 1861-1871 Pacific Ave

Interior Features
Laundry Information
  • Has Laundry
  • Individual Room
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 5
  • # of Parking Spaces: 5
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 8
  • Parcel Number: 7209022010
  • Year Built Source: Public Records
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Wrigley Area (WR)
  • Directions: PCH and Pacific
Neighborhood Information
  • Community Features: Curbs
View more facts & features

Local Long Beach Agent

Sale History for 1861-1871 Pacific Ave

View property's historical transactions

  • July, 2024

  • Jul 25, 2024

    Date

    Active

    CRMLS: PW24153389

    $2,550,000

    Price

Tax History for 1861-1871 Pacific Ave

Recent tax history for this property
Year Land Value Improved Value Assessed Value
The tax history for this property will expand as we gather information for this property.

Home Value Compared to the Market

This property vs the competition

1861-1871 Pacific Ave is listed 175.64% higher than the median list price for the city of Long Beach which has a median list price of $780,000. The median price per/sqft for Long Beach is $646 and this home is listed at $343.07 per/sqft which puts the price per square foot 46.89% lower than the median price per square foot for the city of Long Beach.

About 1861-1871 Pacific Ave

Detailed summary of property

1861-1871 Pacific Ave is a mixed use located in Long Beach, CA 90806 and is currently for sale. This mixed use property offers 11 bedrooms, 7 bathrooms, roughly 6,267 living square feet, and sits on an approximately 8,002 square foot lot. 1861-1871 Pacific Ave was first listed on ArdentRealEstateGroup.com on July 26, 2024. The homeowner is currently asking $2,150,000 and was originally asking $2,550,000. The median priced home in Long Beach is $780,000 with a median price per square foot of $646. Based on Ardent Real Estate Group's Long Beach Market Data, this home is listed 175.64% higher than the median priced home. Local competing homes currently for sale include 424 Bamboo Ln, 1400 S Wilton Pl and 4315 W Pico Blvd. While the average home in Long Beach, CA is selling in 62 days, 1861-1871 Pacific Ave has a days on market of 55 days. There are currently 778 homes for sale in the Long Beach real estate market and 416 of them are single family homes while 337 of them are condos and 23 are townhomes. For more information on this home for sale at 1861-1871 Pacific Ave Long Beach, CA 90806 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 1861-1871 Pacific Ave

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
--
Stories
--
Type
--
Pool
--
Spa
--
County
--
Lot#
--
APN
--

The source for these homes facts are from public records.

90806 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$749,900
Median List Price/Sq.Ft.
$531
Median Sold Price
$920,000
Median Sold Price/Sq.Ft.
$534
Total Inventory
20
Median Sale to List Price %
100%
Avg Days on Market
36
Loan Type
Conventional (100%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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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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