2035 Pacific Ave, Long Beach, CA 90806
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2035 Pacific Ave Long Beach, CA 90806

$800,000
  • -- Beds
  • -- Baths
  • 3,560 Sq.Ft.
Pending
$800,000 Get Pre-Qualified

Map preview of 2035 Pacific Ave, Long Beach, CA 90806

Property Overview: 2035 Pacific Ave Long Beach, CA has -- bedrooms, -- bathrooms, 3,560 living square feet and 4,672 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 location with 40 ft. street frontage on Pacific. New 600 amp electric panel. Building has 2 units. 2035 and 2037. Sold as-is. Will need some TLC. Seller financing may be an option. Eligible for Cannabis/Marijuana Cultivation.

Listed by Hoang Tong | BRE #01451410 | Stacey Tran, Broker
Last checked: 11 minutes ago | Last updated: December 17th, 2023 | Source CRMLS | DOM: 370
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Home details

Lot Sq. Ft
4,672
HOA Dues
$0/mo
Year built
1948
Garage
--
Property Type:
Retail
Status
Pending
MLS#
OC22206057
City
Long Beach
County
Los Angeles
Time on Site
560 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: --
  • Total # of Buildings: --
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 2035 Pacific Ave

Interior Features
Laundry Information
  • None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Parcel Number: 7209024024
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Drive south on Pacific, it will be on the right between 21st and 20th
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Sale History for 2035 Pacific Ave

Last sold for $550,000 on December 30th, 2016
  • February, 2024

  • Feb 1, 2024

    Date

    Active

    CRMLS: 24354191

    $6,408

    Price

  • Listing provided courtesy of CRMLS

    Live/work and Medical/Dental conversion allowed per the City of Long Beach. Owner Would Consider Carry-Bank Financing to Qualified Buyers. We are please to present this renovated and vacant in-fill retail building on the highly trafficked Pacific Avenue retail corridor in Long Beach's famed South Wrigley shopping corridor. The property is located just blocks from the Northgate Market, The Wrigley Tavern, Happy Thai, Wicked Wolf Long Beach, Gaucho Beach Cafe and Gabriel's Burgers. This fully vacant building is also offered for lease at $1.80 per square foot, modified gross, making this a pro forma 9.4% cap rate upon stabilization. The building has been renovated and includes a roof replacement with a 5 year warranty, clean interiors, new HVAC systems in each retail unit and common area, four car parking in the rear, a roll-up door in the rear, high ceilings, 40' of frontage on Pacific Ave, a 600 AMP electrical panel that is not currently connected, fresh paint, and a clean interior. Flexible LBCNP zoning allows for several uses including live-work lofts, restaurants and professional offices. This is perfect for an owner-user wanting to take advantage of SBA or other commercial financing opportunities, or an investor wanting to collect a 9.4% stabilized cap rate return upon completion of building lease-up. At $196 per square foot, the building falls in line with the average price per square foot for other retail buildings along the Pacific corridor, but is better located than the average building on the corridor.

  • October, 2023

  • Oct 21, 2023

    Date

    Pending

    CRMLS: OC22206057

    $800,000

    Price

  • Oct 13, 2022

    Date

    Active

    CRMLS: OC22206057

    $800,000

    Price

  • December, 2016

  • Dec 30, 2016

    Date

    Sold (Public Records)

    Public Records

    $550,000

    Price

  • November, 2007

  • Nov 9, 2007

    Date

    Sold (Public Records)

    Public Records

    $555,000

    Price

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Tax History for 2035 Pacific Ave

Assessed Value (2020): $613,131
Year Land Value Improved Value Assessed Value
2020 $259,738 $353,393 $613,131

Home Value Compared to the Market

This property vs the competition

2035 Pacific Ave is listed 0.01% higher than the median list price for the city of Long Beach which has a median list price of $799,900. The median price per/sqft for Long Beach is $637 and this home is listed at $224.72 per/sqft which puts the price per square foot 64.72% lower than the median price per square foot for the city of Long Beach.

About 2035 Pacific Ave

Detailed summary of property

2035 Pacific Ave is a retail located in Long Beach, CA 90806 and is currently in escrow to be sold. This retail property offers -- bedrooms, -- bathrooms, roughly 3,560 living square feet, and sits on an approximately 4,672 square foot lot. 2035 Pacific Ave was first listed on ArdentRealEstateGroup.com on October 18, 2022. The homeowner is currently asking $800,000. The median priced home in Long Beach is $799,900 with a median price per square foot of $637. Based on Ardent Real Estate Group's Long Beach Market Data, this home is listed 0.01% higher than the median priced home. Local competing homes currently for sale include 921 Crocker St #6, 921 Crocker St #11 and 921 Crocker St #7. While the average home in Long Beach, CA is selling in 54 days, 2035 Pacific Ave has a days on market of 370 days. There are currently 593 homes for sale in the Long Beach real estate market and 338 of them are single family homes while 242 of them are condos and 13 are townhomes. For more information on this home for sale at 2035 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 2035 Pacific Ave

Public county record property details
Beds
--
Baths
--
Year built
1948
Sq. Ft.
3,555
Lot Size
4,699
Stories
1
Type
Retail Stores ( Personal Services, Photography, Travel)
Pool
No
Spa
No
County
Los Angeles
Lot#
25
APN
7209-024-024

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
$829,000
Median List Price/Sq.Ft.
$589
Median Sold Price
$549,000
Median Sold Price/Sq.Ft.
$664
Total Inventory
14
Median Sale to List Price %
91.5%
Avg Days on Market
21
Loan Type
Conventional (62.5%), FHA (0%), VA (0%), Cash (25%), 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.