List Search

1121 Pacific Ave
Long Beach, CA 90813 Downtown Long Beach

$2,798,000 USD

Apartments For Sale  •  11,343 SF

Property Details

  • Property Type Apartments
  • Total Building Size 11,343 SF
  • Lot Size 0.34 AC
  • Building Class B
  • Year Built 1907
  • Zoning LBCO
70 Transit Score
92 Walk Score

Highlights

2 Parcels (5 Unit + 2 Unit with Open Lot) | Can be sold Separately, or Together
Extensively Renovated with ~$500,000 in capital improvements
6.92% Actual CAP Rate
No local rent control: subject only to AB 1482
Development Opportunity (PD-30 zoning), allowing for a potential redevelopment of 45–90 units
Located less than 1 mile from the Beach & minutes from Downtown Long Beach

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Tenant Controlled HVAC
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Freezer
  • Public Transportation
  • Walk-Up
  • Smoke Detector

Public Transportation

Transit/SubwayDriveWalkDistance
Anaheim Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 7 min 0.4 mi
Pacific Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 3 min 12 min 0.6 mi
5th Street Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 3 min 15 min 0.8 mi
Long Beach Transit Mall (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 3 min 18 min 1.0 mi
Pacific Coast Highway Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 3 min 19 min 1.0 mi
AirportDriveWalkDistance
Long Beach (Daugherty Field) 11 min - 4.8 mi
Los Angeles International 31 min - 21.3 mi
John Wayne/Orange County 34 min - 21.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 13
Type: Surface
Included in Rent: Yes
Michael Bouras 714-299-6746 Stream Realty Partners, LP
Michael Bouras 714-299-6746 Stream Realty Partners, LP