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2253 Pacific Ave, Long Beach, CA 90806
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2253 Pacific Ave Long Beach, CA 90806

$1,300,000 Sold Price as of 01/13/2021
  • 14 Beds
  • 8 Baths
  • 4,808 Sq.Ft.
Sold
$1,300,000 Sold Price as of 01/13/2021 Refinance Your Mortgage
Map preview of 2253 Pacific Ave, Long Beach, CA 90806

Property Overview: 2253 Pacific Ave Long Beach, CA has 14 bedrooms, 8 bathrooms, 4,808 living square feet and 6,600 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Excellent investment opportunity, gated 4-Plex with gorgeous Spanish-Colonial Architectural details, ideally located in the desirable Wrigley area of Long Beach, close to local small businesses, shopping, dining, and just minutes from Long Beach Harbor and Marina, Convention Center, Aquarium, and beaches. Security gated entrance, charming wrought iron features, private center courtyard with lawn, manicured landscaping, 4 spacious units, 3 are fully occupied, 1 unit is vacant ready to be leased, each unit is provided with a 1 car garage, on site community laundry facilities. Every unit has it’s own electric, gas, water meters and water heaters, interiors include spacious kitchens with tile floors and gas stoves, and each unit has either 3 or 4 bedrooms and 2 full bathrooms. Tenants pay Gas, Electric, Water/Sewer, Cable, and Phone. Landlord pays Gardener, Water & Elect & Gas for Laundry room. Community laundry facilities provide additional income. SEE ANAYLSIS AND UNIT INFO SECTION FOR MORE INFO. DO NOT DISTURB TENANTS!

Listed by Jordan Bennett | BRE #01850869 | Keller Williams Realty
Last checked: 5 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 16

Home details

Lot Sq. Ft
6,600
HOA Dues
$0/mo
Year built
1927
Garage
4 Car
Property Type:
Fourplex
Status
Sold
MLS#
OC20236764
City
Long Beach
County
Los Angeles
Time on Site
1338 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Leased Units: 3
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 5
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,750
  • Total Rent: $1,750
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,750
  • Total Rent: $1,750
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,509
  • Total Rent: $1,509
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $90,108
  • Net Operating Income: $71,466
  • Gross Operating Income: $87,905
  • Vacancy Allowance: $2,703
  • Laundry Income: $500
  • Laundry Own/Lease: Lease
Annual Expense Breakdown
  • Total Operating Expense: $16,439
  • Electric: $1,140
  • Gas/Fuel: $1,032
  • Licenses: $95
  • New Taxes: $15,605
  • Trash: $0
  • Gardener: $3,200
  • Insurance: $3,000
  • Maintenance: $2,600
  • Professional Management: $2,672
  • Water/Sewer: $2,160
  • Other Expenses: $160
  • Other Expense Description: Ext Cert

Virtual Tour

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Property Details for 2253 Pacific Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Common Area, Community, Individual Room
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Carpet, Tile
  • Kitchen, Living Room, Main Floor Master Bedroom
Kitchen Information
  • Has Appliances
  • Gas Oven, Gas Cooktop
Interior Features
  • Crown Molding
  • Levels: Two
  • Security Features: Gated Community
Exterior Features
Exterior Information
  • Roof: Spanish Tile
  • Has Fence
  • Wrought Iron
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Assigned, Garage
Lot Information
  • Lot Features: 2-5 Units/Acre, Landscaped, Lawn, Near Public Transit
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 7205021019
  • Year Built Source: Assessor
  • Architectural Style: Mediterranean
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Wrigley Area (WR)
  • Directions: Cross Streets: Pacific and 23rd
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Curbs, Sidewalks
View more facts & features

Local Long Beach Agent

Sale History for 2253 Pacific Ave

Last sold for $1,300,000 on January 13th, 2021

  • January, 2021

  • Jan 13, 2021

    Date

    Sold

    CRMLS: OC20236764

    $1,300,000

    Price

  • Dec 9, 2020

    Date

    Pending

    CRMLS: OC20236764

    $1,300,000

    Price

  • Dec 8, 2020

    Date

    Active Under Contract

    CRMLS: OC20236764

    $1,300,000

    Price

  • Nov 18, 2020

    Date

    Active

    CRMLS: OC20236764

    $1,300,000

    Price

  • January, 2021

  • Jan 13, 2021

    Date

    Sold (Public Records)

    Public Records

    $1,300,000

    Price

  • January, 2021

  • Jan 13, 2021

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 2253 Pacific Ave

Assessed Value (2020): $884,456
Year Land Value Improved Value Assessed Value
2020 $351,438 $533,018 $884,456

Home Value Compared to the Market

This property vs the competition

2253 Pacific Ave sold on January 13, 2021 for 58.73% 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 $270.38 per/sqft which puts the price per square foot 56.95% lower than the current median sale per square foot for the city of Long Beach.

About 2253 Pacific Ave

Detailed summary of property

2253 Pacific Ave is a fourplex that recently sold in Long Beach, CA 90806. This fourplex offered 14 bedrooms, 8 bathrooms, roughly 4,808 living square feet, and sits on an approximately 6,600 square foot lot. 2253 Pacific Ave was first listed on ArdentRealEstateGroup.com on January 20, 2021. The homeowner sold the property for $1,300,000. 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 58.73% higher than the current median priced home. Local homes that are currently for sale include 1010 Lime Ave, 801 Atlantic Ave and 1509 N Stanton Pl. While the average home in Long Beach, CA is selling in 62 days, 2253 Pacific Ave has a days on market of 16 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 2253 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 2253 Pacific Ave

Public county record property details
Beds
14
Baths
8
Year built
1927
Sq. Ft.
4,808
Lot Size
6,600
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
H,I
APN
7205-021-019

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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(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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