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1123 Pacific Ave
Long Beach, CA 90813 Downtown Long Beach

$899,000 USD

Apartments For Sale  •  1,000 SF

Property Details

  • Property Type Apartments
  • Total Building Size 900 SF
  • Lot Size 0.17 AC
  • Building Class C
  • Year Built 1930
  • Cap Rate 3.64 %
  • Zoning LBCO
70 Transit Score
92 Walk Score

Highlights

Located in Opportunity Zone with PD-30 Zoning - High Density
Oversized 7,444 SF Lot with potential to add multiple ADUs
Includes 14 Open Parking Spaces and 4 Garages
Can be sold with the Adjacent 5 Units

Property Flyers

Financial Summary (Actual)

Net Operating Income: $32,698 USD (2024)
Cap Rate: 3.64 %
Total Expenses: $20,264 USD

Amenities

  • Air Conditioning
  • Storage Space
  • Kitchen
  • Patio
  • Quartz Countertops

Public Transportation

Transit/SubwayDriveWalkDistance
Anaheim Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 1 min 7 min 0.4 mi
Pacific Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 3 min 11 min 0.6 mi
5Th Street Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 14 min 0.8 mi
Pacific Coast Highway Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 18 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 32 min - 21.7 mi

Parking Details

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