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1865 Pacific Ave, Long Beach, CA 90806
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1865 Pacific Ave Long Beach, CA 90806

$2,150,000
  • 11 Beds
  • 8 Baths
  • 6,267 Sq.Ft.
For Sale
$2,150,000 Get Pre-Qualified
Map preview of 1865 Pacific Ave, Long Beach, CA 90806

Property Overview: 1865 Pacific Ave Long Beach, CA has 11 bedrooms, 8 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: 11 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
--
Property Type:
Mixed Use
Status
Active
MLS#
PW24153143
City
Long Beach
County
Los Angeles
Time on Site
55 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 2
  • # of Leased Units: 6
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Actual Rent: $2,595
  • Total Rent: --
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Actual Rent: $2,195
  • Total Rent: --
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Actual Rent: $2,195
  • Total Rent: --
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Actual Rent: $2,495
  • Total Rent: --
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Actual Rent: $1,350
  • Total Rent: --
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Actual Rent: $995
  • Total Rent: --
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Actual Rent: $2,195
  • Total Rent: --
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Actual Rent: $1,650
  • Total Rent: --
Property 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: --

Open Houses for 1865 Pacific Ave

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Property Details for 1865 Pacific Ave

Interior Features
Laundry Information
  • Individual Room
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Total # of Units: 8
  • Parcel Number: 7209022010
  • Entry Level: 1
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: PCH and Pacific
View more facts & features

Local Long Beach Agent

Sale History for 1865 Pacific Ave

Last sold for $2,195,000 on December 13th, 2023

  • July, 2024

  • Jul 25, 2024

    Date

    Active

    CRMLS: PW24153143

    $2,550,000

    Price

  • December, 2023

  • Dec 13, 2023

    Date

    Sold

    CRMLS: 23310541

    $2,195,000

    Price

  • Sep 12, 2023

    Date

    Active

    CRMLS: 23310541

    $2,195,000

    Price

  • Listing provided courtesy of CRMLS

    Huge 200k Price Reduction! 8-unit building with 6 fully renovated residential units (100% occupied) and 2 store-front retail units (with RTI plans to convert to 2 residential units) in Long Beach. Incredible Current Cap Rate of 6% and 11.9 GRM from day 1 with upside to 7.3% Cap Rate and 10.2 GRM on Proforma. RTI Plans to convert each retail store into a 2 bed/1 bath residential unit to maximize rents. Large unit mix consisting of 1 (3bed/1bath), 4 (2bed/1bath), 1 (studio/1bath), and 2 large storefronts. Preliminary plans to add 2 Detached (3bed/1bath) ADUs for future upside. Rare 5 vacant garages in the back for additional income. The 8-unit building presents a unique opportunity for investors and business owners alike. With 6 recently renovated residential units the upside potential for rental income is significant. In addition, the two store-front retail units offer excellent visibility and foot traffic in a bustling commercial area. The location of this property is highly desirable with proximity to major transportation routes and popular amenities such as parks, restaurants, and shopping centers. Furthermore, the recent renovations of the residential units have added value to the property making it an attractive investment opportunity for those looking to capitalize on its upside potential. Overall, this 8-unit building represents a promising proposition for investors seeking high returns in one of Southern California's thriving communities.

  • September, 2023

  • Sep 11, 2023

    Date

    Canceled

    CRMLS: 23294797

    $2,195,000

    Price

  • Jul 26, 2023

    Date

    Active

    CRMLS: 23294797

    $2,295,000

    Price

  • Listing provided courtesy of CRMLS

    Huge 200k Price Reduction! 8 Unit building with 6 fully renovated residential units (1 vacant) and 2 store-front retail units (with RTI plans to convert to 2 residential units) in Long Beach. Incredible Current Cap Rate of 6% and 11.9 GRM from day 1 with upside to 7.3% Cap Rate and 10.2 GRM on Proforma. RTI Plans to convert each retail store into a 2 bed/1 bath residential unit to maximize rents. Large unit mix consisting of 1 (3bed/1bath), 4 (2bed/1bath), 1 (studio/1bath), and 2 large storefronts. Preliminary plans to add 2 Detached (3bed/1bath) ADUs for future upside. Rare 5 vacant garages in the back for additional income. The 8-unit building presents a unique opportunity for investors and business owners alike. With 6 recently renovated residential units the upside potential for rental income is significant. In addition, the two store-front retail units offer excellent visibility and foot traffic in a bustling commercial area. The location of this property is highly desirable with proximity to major transportation routes and popular amenities such as parks, restaurants, and shopping centers. Furthermore, the recent renovations of the residential units have added value to the property making it an attractive investment opportunity for those looking to capitalize on its upside potential. Overall, this 8-unit building represents a promising proposition for investors seeking high returns in one of Southern California's thriving communities.

  • July, 2023

  • Jul 24, 2023

    Date

    Canceled

    CRMLS: 23278791

    $2,295,000

    Price

  • Jun 8, 2023

    Date

    Active

    CRMLS: 23278791

    $2,395,000

    Price

  • Listing provided courtesy of CRMLS

    8 Unit building with 6 renovated residential units (4 vacant) and 2 store-front retail units in Long Beach. Incredible Current Cap Rate of 5.5% and 12.8 GRM from day 1 with upside to 6.8% Cap Rate and 10.9 GRM on Proforma. Plans to convert each retail store into a 2 bed/1 bath residential unit to maximize rents. Large unit mix consisting of 1 (3bed/1bath), 4 (2bed/1bath), 1 (studio/1bath), and 2 large storefronts. Preliminary plans to add 2 Detached (3bed/1bath) ADUs for future upside. Rare 5 vacant garages in the back for additional income. The 8-unit building presents a unique opportunity for investors and business owners alike. With 6 recently renovated residential units that are mostly vacant, the upside potential for rental income is significant. In addition, the two store-front retail units offer excellent visibility and foot traffic in a bustling commercial area. The location of this property is highly desirable with proximity to major transportation routes and popular amenities such as parks, restaurants, and shopping centers. Furthermore, the recent renovations of the residential units have added value to the property making it an attractive investment opportunity for those looking to capitalize on its upside potential. Overall, this 8-unit building represents a promising proposition for investors seeking high returns in one of Southern California's thriving communities.

  • October, 2021

  • Oct 20, 2021

    Date

    Active

    CRMLS: PW21232161

    $1,450,000

    Price

  • Listing provided courtesy of CRMLS

    This mixed-use property has two retail tenants in the front and six (6) residential units in the back. One commercial tenant is on a three-year lease extension and the other tenant is on a month-to-month basis, each retail space is approximately 750 SF. There are six (6) residential units in the back of the premises with all tenants on a month-to-month basis. The residential tenants have their own separately metered gas and electrical meters. Five (5) of the six (6) residential tenants have their owner washer/dryers. This property also has three (3) parking garages facing the alley.

  • March, 2013

  • Mar 19, 2013

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1865 Pacific Ave

Assessed Value (2020): $284,053
Year Land Value Improved Value Assessed Value
2020 $98,927 $185,126 $284,053

Home Value Compared to the Market

This property vs the competition

1865 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 1865 Pacific Ave

Detailed summary of property

1865 Pacific Ave is a mixed use located in Long Beach, CA 90806 and is currently for sale. This mixed use property offers 11 bedrooms, 8 bathrooms, roughly 6,267 living square feet, and sits on an approximately 8,002 square foot lot. 1865 Pacific Ave was first listed on ArdentRealEstateGroup.com on July 25, 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 1445 E 76th Pl, 6871 Beach Blvd and 1366 E 57th St. While the average home in Long Beach, CA is selling in 62 days, 1865 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 1865 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 1865 Pacific Ave

Public county record property details
Beds
4
Baths
4
Year built
1929
Sq. Ft.
4,850
Lot Size
8,000
Stories
1
Type
Commercial/Office/Residential (Mixed Use)
Pool
No
Spa
No
County
Los Angeles
Lot#
20
APN
7209-022-010

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%)

Tour This Home

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Contact Jon
Long Beach Agent
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(714) 706-1823

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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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