Properties
Long Beach, CA 90813 1027 Pacific Ave
$1,700,000
1 more
Presented By: Ryan Pratt with Skyline Commercial Real Estate; 714-767-7039
Baths • 1
SQFT • 7,442
Garage • 4
Home Details
We are pleased to present the opportunity to acquire the Pacific Apartments located in Long Beach. The property is 7+1 units consisting of (4) three bedroom units, (1) two bedroom house, (2) one bedroom units, and (1) non-conforming studio unit. Located in the heart of Long Beach, tenants take advantage of the easy access to the different restaurants and entertainment options of Alamitos Beach, Shoreline Village, and the Pike Outlets. The Pacific Apartments provides an investor the ability to purchase a high cash flowing asset with little turnover in a strong rental submarket undergoing redevelopment. The Pacific Apartments can be purchased individually or as a package with 10 units at 2015 Cedar Ave in Long Beach.
Presented By: Ryan Pratt with Skyline Commercial Real Estate; 714-767-7039
Interior Features for 1027 Pacific Ave
Other Interior Features
Common WallsTwoCommonWallsOrMore
Laundry FeaturesNone
Total Stories2
Other Rooms
Entry Level1
General for 1027 Pacific Ave
Additional Parcels Y/NNo
Building Area UnitsSquareFeet
Cap Rate7.78
CityLong Beach
Community FeaturesStreetLights, Sidewalks
CountyLos Angeles
DirectionsPacific Ave and 10th St
Electric Expense
Entry Location1
Fuel Expense
Garage Spaces4
Garage Y/NYes
Gross Income185640
Insurance Expense
Land Lease Y/NNo
Listing TermsCash, CashToNewLoan
Lot Size Square Feet7465
Lot Size UnitsSquareFeet
MLS Area4 - Downtown Area, Alamitos Beach
Net Operating Income132287
New ConstructionNo
Number Of Units Total8
Operating Expense47784
Pool FeaturesNone
PostalCityLONG BEACH
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Subdivision NameDowntown (DT)
Tax Lot9
Trash Expense0
Water Sewer Expense0
Year Built1924
Year Built SourcePublicRecords
Exterior for 1027 Pacific Ave
Building Area Total7442
Lot FeaturesSixToTenUnitsAcre
Lot Size Acres0.1714
Lot Size Area7465
Lot Size SourcePublicRecords
Number of Buildings3
Number of Separate Electric Meters8
Number of Separate Gas Meters8
Number of Separate Water Meters1
Private PoolNo
Total Parking4
Water SourcePublic
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
