Property listed by Skyline Commercial Real Estate, Ryan Pratt 714-767-7039
$1,700,000
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… Read More 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. Read Less
Listing Snapshot
Days Online
0
Last Updated
Property Type
Apartment
Lot Size
0.17 Acres
Year Built
1924
MLS Number
NP26070846
Additional Details
Building
Built in 1924, 3 buildings, 2 stories, Entry level: 1, Entry location: 1
Community
StreetLights, Sidewalks
Expenses
Operating: $47,784
Garage
4 spaces
Income
Gross Income: $185,640, Gross ScheduledIncome: $185,640, Net Operating Income: $132,287
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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