2369 Pacific Avenue, Long Beach, CA 90806

$850,000 Approx. USD 3 beds, 6 baths
2,951 sqft

Agent Remarks

Excellent investment opportunity with solid rental income! A mix of 2 office retail spaces and 3 residential units with current rental income of $4,900 per month. The two office units have great street frontage, right on Pacific Ave. and tons of drive by traffic. Unit A rent is $700 per month and unit B is $800 per month. The back 3 residential units each offer 1 bedroom, 1 bathroom units with rents of $950, $950 and $900. The property also includes plenty of open space parking and 4 garage units, 2 of which are currently rented as storage for $250 and $350 respectively. Located in the heart of Wrighley District of Long Beach. All but 1 office/retail space are month-to-month rental currently and this property is not under any known rent control restrictions.

Listing Details

Property type: Commercial/Residential (Single Family)
Status: Active
MLS# OC16112719
List price is $850,000 Reduced by $49,000 on 10/3/2016
Beds: 3
Baths: 6 (6 full)
None fireplaces
Built in 1931
2,951 sqft
2 stories
0.16 acres
Lot size: 7261.000
County: Los Angeles
Parking description: Driveway - Concrete
Heating description: Wall Heater
MLS area: 5 - Wrigley Area

Last Updated: 10/28/2016

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This listing belongs to the 5 - Wrigley Area MLS area

Lat/Long: 33.800259, -118.194054.
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Broker: Courtesy of Star Real Estate
Listing Agent: Robert Van Der Goes

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Out of households, are families.

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