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Diego Magdaleno

diego@1visionproperties.com +1(714) 676-7271

$1,399,999

Est. payment - /mo

7,261 Sqft Lot

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UPDATED:

Key Details

Property Type Single Family Home, Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Subdivision Wrigley Area (Wr)

MLS Listing ID DW26003271

HOA Y/N No

Year Built 1931

Lot Size 7,261 Sqft

Property Sub-Type Mixed Use

Property Description

Cash-Flow investment Opportunity in Long Beach. Located at 2369 Pacific Ave, this mixed-use property with future upside potential. Zoned CNP (Neighborhood Pedestrian-Oriented Commercial), the asset is ideal for investors seeking a versatile, income-producing property in a high-demand area. The property consists of multiple residential and commercial units. There are three 1-bedroom, 1-bath residential units. Each unit can collect $2,100 per month. Each of the Two commercial retail units can potentially collect $1,500 a month. Their are 4 garage parking spaces with the potential to be converted to two ADU's. The property features 14 on-site parking spaces and is conveniently located near schools, public transportation, and shopping centers, making it a compelling investment with immediate cash flow and long-term value-add potential.

Location

State CA

County Los Angeles

Area 5 - Wrigley Area

Interior

Fireplace No

Laundry Common Area

Exterior

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Street Lights, Sidewalks

Total Parking Spaces 4

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 7205016017

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

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Listed by Steven Padilla Century 21 A Better Service 562-607-1036

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2369 Pacific Long Beach, CA 90806