Courtesy of Residential Agent Inc., Dusty Mulhearn. IDX Contact: 949-791-8160

2243 Pacific Avenue Long Beach, CA 90806
$1,550,000
beds
0 baths
sq ft

Contact Us to Learn More

David Oronoz

David Oronoz

Principal | Multifamily Investments

DRE# 01838862

Bobby Aschtiani

Bobby Aschtiani

Principal | Multifamily Investments

DRE# 02048373

Chris Pettit

Chris Pettit

Founder

DRE# 01983950

Property Description

Welcome to 2243 Pacific in the city of Long Beach. This 4 unit building is perfect for a first time investor or an expert looking for great returns on investment. Two units were just renovated in 2021, another unit about 4 years ago, and the 4th unit is ready for you to add your own touch. Each unit comes with a single car garage with private access from the alley. The property also has a large enough lot to build some nice recreational activities for the residents. The property also has space to make 2 more parking spaces that could be additional income. Dont miss this opportunity. Reach out today. Please do not disturb tenants, or walk the property with out an appointment.

Property Details & Features

Property Type

  • Residential Income

Year Built

  • 1927

House

  • Built in 1927
  • 4920 total building sqft
  • No Common Walls

Community

  • Curbs
  • Street Lights
  • Sidewalks

Cooling

  • No cooling

Expenses

  • Insurance Expense: $2,845
  • Maintenance Expense: $2,300
  • Operating Expense: $7,405
  • Pest Control Expense: $780
  • Water Sewer Expense: $860

Fence

  • Block
  • Chain Link
  • Wrought Iron

Garage

  • 4 garage spaces

Heating

  • Floor Furnace
  • Wall Furnace

Income

  • Gross Income: 106392
  • Gross Scheduled Income: 106392
  • Net Operating Income: 98987

Laundry

  • Inside

Listing

  • 2 days on market
  • Listed on 2021-10-09

Location

  • County: Los Angeles
  • Subdivision: Wrigley Area (WR)

Lot

  • 6601 sqft
  • 0.15 acres
  • Area: 6601
  • 0-1 Unit/Acre
  • Landscaped
  • Yard

Parking

  • 4 total parking spaces

Property

  • 2 buildings
  • 4 units

Security System

  • Carbon Monoxide Detector(s)
  • Fire Detection System
  • Smoke Detector(s)

Sewer

  • Public Sewer

Utilities

  • 4 separate electric meters
  • 4 separate gas meters

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