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2429 Pacific Ave, Long Beach, CA 90806
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2429 Pacific Ave Long Beach, CA 90806

$950,000 Sold Price as of 05/31/2022
  • 0 Beds
  • 2 Baths
  • 2,040 Sq.Ft.
Sold
$950,000 Sold Price as of 05/31/2022 Refinance Your Mortgage
Map preview of 2429 Pacific Ave, Long Beach, CA 90806

Property Overview: 2429 Pacific Ave Long Beach, CA has -- bedrooms, 2 bathrooms, 2,040 living square feet and 11,619 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Designed by famous Mid-Century Modern architect Edward Killingsworth, 2429 Pacific Ave offers an one of a kind value-add opportunity located in the heart of Long Beach. Completely remodeled and delivered tenant or owner/user ready, this is the perfect opportunity for any owner user or investor looking for a prized creative office asset in a fantastic location. 2429 Pacific Ave has 2,040 Sq.Ft of rentable office space and is situated on an oversized 11,619 Sq.Ft lot, zoned LBCNP. Zoning would allow for potential Live/Work Unit. The property features abundant parking on site, an indoor/outdoor office atmosphere, and the potential to add a back patio. Market rents for similar product will rent out at $4,500 should the owner decide to add monthly income. The upside in the Long Beach market is limitless, with $6 Billion in new capital pouring into projects such as the Long Beach Civic Center, Long Beach Aquarium, OceanAire Project, CSULB Downtown Village, Broadway Block, The Pacific, Queen Mary Island and many more.

Listed by Cameron Samimi | BRE #02035763 | Lyon Stahl Investment Real Estate, Inc.
Co-listed by Christopher Bald | BRE #01909867 | Lyon Stahl Investment Real Estate, Inc.
Last checked: 6 minutes ago | Last updated: May 31st, 2022 | Source CRMLS | DOM: 142

Home details

Lot Sq. Ft
11,619
HOA Dues
$0/mo
Year built
1925
Garage
--
Property Type:
Office
Status
Sold
MLS#
SB21246231
City
Long Beach
County
Los Angeles
Time on Site
918 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 1
  • Total # of Buildings: --
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 2
  • Actual Rent: $4,500
  • Total Rent: --
Property Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.34%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $54,000
  • Net Operating Income: $41,608
  • Gross Operating Income: --
  • Vacancy Allowance: $1,620
Annual Expense Breakdown
  • Total Operating Expense: $10,772

Property Details for 2429 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
  • Total # of Units: 1
  • Parcel Number: 7205009017
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Off of Pacific Ave and Willow St
View more facts & features

Local Long Beach Agent

Sale History for 2429 Pacific Ave

Last sold for $950,000 on May 31st, 2022

  • May, 2022

  • May 31, 2022

    Date

    Sold

    CRMLS: SB21246231

    $950,000

    Price

  • Nov 30, 2021

    Date

    Active

    CRMLS: SB21246231

    $1,300,000

    Price

  • December, 1996

  • Dec 31, 1996

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 2429 Pacific Ave

Assessed Value (2020): $312,723
Year Land Value Improved Value Assessed Value
2020 $186,147 $126,576 $312,723

Home Value Compared to the Market

This property vs the competition

2429 Pacific Ave sold on May 31, 2022 for 25% higher than the current median sold price for the city of Long Beach which is $800,000. The median sold price per/sqft for Long Beach is $632 and this home is sold at $490.2 per/sqft which puts the price per square foot 22.44% lower than the current median sale per square foot for the city of Long Beach.

About 2429 Pacific Ave

Detailed summary of property

2429 Pacific Ave is a office that recently sold in Long Beach, CA 90806. This office offered -- bedrooms, 2 bathrooms, roughly 2,040 living square feet, and sits on an approximately 11,619 square foot lot. 2429 Pacific Ave was first listed on ArdentRealEstateGroup.com on November 10, 2021. The homeowner sold the property for $950,000. Home in Long Beach are selling for a median price of $800,000 and a median price per square foot of $632. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 25% higher than the current median priced home. Local homes that are currently for sale include 4545 Allstate Dr. While the average home in Long Beach, CA is selling in 51 days, 2429 Pacific Ave has a days on market of 142 days. There are currently 643 homes for sale in the Long Beach real estate market and 358 of them are single family homes while 270 of them are condos and 15 are townhomes. For more information on this home for sale at 2429 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 2429 Pacific Ave

Public county record property details
Beds
--
Baths
--
Year built
1925
Sq. Ft.
2,040
Lot Size
11,619
Stories
1
Type
Medical Bldg/Clinic
Pool
No
Spa
No
County
Los Angeles
Lot#
15,17
APN
7205-009-017

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
$795,000
Median List Price/Sq.Ft.
$614
Median Sold Price
$600,000
Median Sold Price/Sq.Ft.
$641
Total Inventory
13
Median Sale to List Price %
101.69%
Avg Days on Market
16
Loan Type
Conventional (55.56%), FHA (11.11%), VA (0%), Cash (0%), Other (33.33%)

Thinking of Selling?

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Recently Sold Homes Near 2429 Pacific Ave

2650 Elm Ave #207, Long Beach, CA 90806
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1927 Pacific Ave, Long Beach, CA 90806
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801 Pacific Ave, Long Beach, CA 90813
$1,030,000 Last Sold Price
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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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