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2243 Pacific Ave, Long Beach, CA 90806
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2243 Pacific Ave Long Beach, CA 90806

$1,550,000 Sold Price as of 12/01/2021
  • 10 Beds
  • 4 Baths
  • 4,920 Sq.Ft.
Sold
$1,550,000 Sold Price as of 12/01/2021 Refinance Your Mortgage
Map preview of 2243 Pacific Ave, Long Beach, CA 90806

Property Overview: 2243 Pacific Ave Long Beach, CA has 10 bedrooms, 4 bathrooms, 4,920 living square feet and 6,601 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Welcome to 2243 Pacific in the city of Long Beach. This 4 unit building is perfect for a first time investor or an expert looking for great returns on investment. Two units were just renovated in 2021, another unit about 4 years ago, and the 4th unit is ready for you to add your own touch. Each unit comes with a single car garage with private access from the alley. The property also has a large enough lot to build some nice recreational activities for the residents. The property also has space to make 2 more parking spaces that could be additional income. Dont miss this opportunity. Reach out today. Please do not disturb tenants, or walk the property with out an appointment.

Listed by Dusty Mulhearn | BRE #01909037 | Residential Agent Inc.
Last checked: 13 minutes ago | Last updated: March 23rd, 2022 | Source CRMLS | DOM: 6

Home details

Lot Sq. Ft
6,601
HOA Dues
$0/mo
Year built
1927
Garage
4 Car
Property Type:
Multi Family
Status
Sold
MLS#
OC21224679
City
Long Beach
County
Los Angeles
Time on Site
1075 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Leased Units: 3
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,300
  • Total Rent: $2,300
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,279
  • Total Rent: $2,279
  • Pro Forma/Market Rent: $2,279
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,250
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,933
  • Total Rent: $1,933
  • Pro Forma/Market Rent: $2,087
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $106,392
  • Net Operating Income: $98,987
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $7,405
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Gardener: $600
  • Insurance: $2,845
  • Maintenance: $2,300
  • Water/Sewer: $860

Property Details for 2243 Pacific Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Floor Furnace, Wall Furnace
Laundry Information
  • Has Laundry
  • Inside
Interior Features
  • Security Features: Carbon Monoxide Detector(s), Fire and Smoke Detection System
Exterior Features
Exterior Information
  • Has Fence
  • Block, Chain Link, Wrought Iron
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
Lot Information
  • Lot Features: 0-1 Unit/Acre, Landscaped, Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 7205021020
  • 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: Wrigley Area (WR)
  • Directions: 2243 Pacific Ave
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Street Lights
View more facts & features

Local Long Beach Agent

Sale History for 2243 Pacific Ave

Last sold for $1,550,000 on December 1st, 2021

  • December, 2021

  • Dec 1, 2021

    Date

    Sold

    CRMLS: OC21224679

    $1,550,000

    Price

  • Oct 9, 2021

    Date

    Active

    CRMLS: OC21224679

    $1,550,000

    Price

  • November, 2019

  • Nov 1, 2019

    Date

    Sold

    CRMLS: RS19189402

    $1,200,000

    Price

  • Aug 20, 2019

    Date

    Active Under Contract

    CRMLS: RS19189402

    $1,195,000

    Price

  • Aug 9, 2019

    Date

    Active

    CRMLS: RS19189402

    $1,195,000

    Price

  • Listing provided courtesy of CRMLS

    Fabulous 1920’s Building in Long Beach set on a picturesque street! - Located in the heart of Long Beach, this fabulous building features early 20th century Spanish style architecture in a lush garden setting. The units feature fresh flooring and a spacious kitchens with ample cabinets. True to the original charm, the living rooms features a large windows, which allow for tons of natural lighting creating a warm and inviting atmosphere. This well-maintained property is located just minutes from Shoreline Village, Rainbow Harbor and Downtown Long Beach. Please drive by only, do not walk property, and do not disturb the tenants.

  • October, 2019

  • Oct 31, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,200,000

    Price

  • November, 2013

  • Nov 21, 2013

    Date

    Sold (Public Records)

    Public Records

    $660,000

    Price

Show More

Tax History for 2243 Pacific Ave

Assessed Value (2020): $1,200,000
Year Land Value Improved Value Assessed Value
2020 $500,000 $700,000 $1,200,000

Home Value Compared to the Market

This property vs the competition

2243 Pacific Ave sold on December 1, 2021 for 89.26% higher than the current median sold price for the city of Long Beach which is $819,000. The median sold price per/sqft for Long Beach is $628 and this home is sold at $315.04 per/sqft which puts the price per square foot 49.83% lower than the current median sale per square foot for the city of Long Beach.

About 2243 Pacific Ave

Detailed summary of property

2243 Pacific Ave is a multi family that recently sold in Long Beach, CA 90806. This multi family property offered 10 bedrooms, 4 bathrooms, roughly 4,920 living square feet, and sits on an approximately 6,601 square foot lot. 2243 Pacific Ave was first listed on ArdentRealEstateGroup.com on October 9, 2021. The homeowner sold the property for $1,550,000. Home in Long Beach are selling for a median price of $819,000 and a median price per square foot of $628. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 89.26% higher than the current median priced home. Local homes that are currently for sale include 1052 E 5th St, 1052 E 5th St and 436 Gaviota Ave. While the average home in Long Beach, CA is selling in 62 days, 2243 Pacific Ave has a days on market of 6 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 2243 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 2243 Pacific Ave

Public county record property details
Beds
8
Baths
8
Year built
1927
Sq. Ft.
4,920
Lot Size
6,601
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
J,K
APN
7205-021-020

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%)

Thinking of Selling?

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Thinking of Selling?
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(714) 706-1823

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Recently Sold Homes Near 2243 Pacific Ave

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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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