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430 Pacific Ave
Long Beach, CA 90802 Downtown Long Beach

$6,800,000 USD

Apartments For Sale  •  20,148 SF

Property Details

  • Property Type Apartments
  • Total Building Size 20,148 SF
  • Lot Size 0.17 AC
  • Building Class C
  • Year Built 1919
  • Cap Rate 5.54 %
  • Zoning CR, Long Beach
90 Transit Score
90 Walk Score

Highlights

42 Units | All Studios | Downtown Long Beach
$161K/Unit | Under 10 GRM | $338/Sq Ft
25+ Units Fully Renovated | Rents Averaging $1,340 | Master Metered Gas & Electric
Metro A Line Directly Across the Street | Walk Score 97 | Walker’s Paradise
New Construction Next Door Asking $2,000+ for Studios
Cap Rate: 5.54 %

Major Tenants

Tenant SF Occupied Lease End Date
Lorraine

Amenities

  • 24 Hour Access
  • Laundry Facilities
  • Tenant Controlled HVAC
  • Heating
  • Kitchen
  • Refrigerator
  • Range
  • Tub/Shower
  • Public Transportation
  • Walk-Up
  • Smoke Detector

Public Transportation

Transit/SubwayDriveWalkDistance
Pacific Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 1 min 2 min 0.1 mi
5th Street Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 1 min 6 min 0.3 mi
Long Beach Transit Mall (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 1 min 7 min 0.3 mi
1st Street Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 9 min 0.5 mi
Anaheim Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 3 min 17 min 0.9 mi
AirportDriveWalkDistance
Long Beach (Daugherty Field) 13 min - 5.2 mi
John Wayne/Orange County 33 min - 21.4 mi
Los Angeles International 32 min - 21.8 mi
Chris Walker 714-801-0173 Triqor Group
Chris Walker 714-801-0173 Triqor Group