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Listed by Pat Swanson • Pat Swanson
$ 2,798,000
Est. payment /mo
Price Dropped by $197K
1113 Pacific Ave Long Beach, CA 90813
0.34 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CROC25141984
Year Built 1907
Lot Size 0.342 Acres
Source California Regional MLS
Property Description
CASH FLOW! Turnkey 7 unit asset featuring Four (4), 3-Bedroom / 1-Bath units (1,093 square feet each), 3-Bedroom / 1 Bath Detached House, (1) 1 Bedroom/1 Bath and (1) Studio. The property has been extensively renovated and minimal deferred maintenance. This garden-style property includes a secure gated entry, Four (7) Single-Car Garages, and one private uncovered driveway space. Located in an opportunity Zone with PD-30 zoning, allowing for unlimited high density residential potential. Additionally, the area is not subject to local rent control other than AB 1482. Note, this asset can also be sold with the adjacent 2 Unit Parcel with Open Land.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Interior
Laundry Laundry Area, Stacked Only
Exterior
Garage Spaces 22.0
Pool None
Building
Water District - Public
Others
Tax ID 7272005011
Special Listing Condition Not Applicable
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