$ 1,850,000
-
$1,850,000
Price -
8
Bed -
8
Bath -
6,228
SqFt
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About the Listing PB20771 - PWKARNPE
Exceptional 8-Unit Investment Opportunity in Long Beach – Value-Add with ADU Potential! Introducing 2444 Pacific Ave, a rare opportunity to acquire a well-located 8-unit apartment building in the heart of the Wrigley area of Long Beach. This income-producing property offers investors immediate cash flow with significant upside potential through strategic improvements and additional accessory dwelling unit development. The property features eight residential units complemented by five detached garages, presenting a prime opportunity for conversion into Accessory Dwelling Units (ADUs) (buyer to verify with city). This added value component provides a clear path to increasing rental income and maximizing long-term returns. Situated on a desirable stretch of Pacific Avenue, the property benefits from strong rental demand, proximity to major transportation corridors, local retail, dining, and employment hubs. Tenants enjoy convenient access to everything Long Beach has to offer, making this an attractive and stable investment location. Highlights Include: -8-unit multifamily property with strong in-place income -Upgraded electrical and plumbing -SB 721 inspection completed and passed -5 garages with excellent ADU conversion potential -Value-add opportunity through unit upgrades and increased rents -Prime location with high tenant demand -Ideal for investors seeking long-term growth and cash flow - Current Cap - 5.87 Market Cap - 6.87 - Current GRM - 12.18 Market GRM 10.32 Whether you're looking to expand your portfolio or capitalize on Long Beach’s thriving rental market, 2444 Pacific Ave delivers both stability and upside in one compelling investment. The property is professionally managed. Buyer to verify all information.
Listing Highlights
Status
Active
Days on Site
34
Property Type
Multi-Family
MLS ®
PW26063703
Year Built
1943
Total Square Footage
6,228
Lot/Acreage
0.17
Interior Details
- Bedrooms: 8
- Bathrooms: 8 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: 0-1 Unit/Acre,No Land Lease
- Garage Capacity: 5 car
- Parking Spaces: 5
- Roof:
- Others: 2+ Total Units
- Sewer: Public Sewer
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 7205008016
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
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Questions About..
2444 Pacific Long Beach, CA 90806
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