1861 Pacific Avenue

Long Beach, CA 90806

$2,590,000
Price
Beds
Baths
6,072 Sq. Ft.
$427 / Sq. Ft.
6,072
Sq. Ft.
$427
per Sq. Ft.

Description

Prime Investment Opportunity! This fully leased mixed-use property offers the perfect blend of stability and potential. Located in the vibrant city of Long Beach, it features two retail storefronts and six apartment units, providing multiple income streams from day one. With 100% occupancy, this unique property generates immediate returns, making it an ideal addition to any investor's portfolio. Positioned in a thriving area with strong rental demand and retail growth, this asset promises long-term...Prime Investment Opportunity! This fully leased mixed-use property offers the perfect blend of stability and potential. Located in the vibrant city of Long Beach, it features two retail storefronts and six apartment units, providing multiple income streams from day one. With 100% occupancy, this unique property generates immediate returns, making it an ideal addition to any investor's portfolio. Positioned in a thriving area with strong rental demand and retail growth, this asset promises long-term appreciation and cash flow. Don’t miss out on this rare chance to own a versatile, income-generating property in one of Southern California’s most dynamic markets!
  1. Listed by Sean Wang • DRE #02207832 • Brokerage DRE #01947727 • Douglas Elliman of California • 310-745-2651
  2. Listed by Bridgette Kristin Sanossian • DRE #01916065 • Brokerage DRE #01947727 • Douglas Elliman of California

Property Details for 1861 Pacific Avenue

Total Units
8.0
Lot Size Source
Assessor
Building Area Total
6072
Building Area Units
Square Feet
Stories Total
2
Entry Level
1
Parcel Number
7209022010
Area
Wrigley Area (5)
LISTING UPDATED: 01/10/2025 08:36 AM

Property Details for 1861 Pacific Avenue

StatusActive
MLS #OC24255381
Days on Market55
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale / Mixed Use
Year Built1929
Lot Size0.18 AC / 8,002 SF
CountyLos Angeles County

Building Information for 1861 Pacific Avenue

Stories2Residences-Year Built1929Lot Size0.18 AC / 8,002 SF

Property Information for 1861 Pacific Avenue

Income / Expense / Tax Details
Income Details
  • Gross Scheduled Income: $175,932
Community / Development
Community / Development
  • Investment Property: Yes
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
Land/Lot Info
  • Sign on Property: Yes
  • Lot Features: 0-1 Unit/Acre
  • Land Lease: No
  • Water Source: Public
Property / Structure Info
  • Building Status: Existing
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,281
  • Unit Type Type: 1
  • Unit Type Description: Retail
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $995
  • Unit Type Type: 2
  • Unit Type Description: Retail
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $2,400
  • Unit Type Type: 3
  • Unit Type Description: Residential
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $2,195
  • Unit Type Type: 4
  • Unit Type Description: Residential
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $2,195
  • Unit Type Type: 5
  • Unit Type Description: Residential
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $2,250
  • Unit Type Type: 6
  • Unit Type Description: Residential
Unit 7
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,995
  • Unit Type Type: 7
  • Unit Type Description: Residential
Unit 8
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,350
  • Unit Type Type: 8
  • Unit Type Description: Residential
Unit Information
  • Number Of Units Leased: 8
  • Number Of Buildings: 2

Property History for 1861 Pacific Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1861 Pacific Avenue

Taxable ValueLand$705,000Additions$1,491,100Total$2,196,100
Tax Record2024$29,269 ($2,439 / month)
Home Facts
Total Finished SqFt6,267 SqFtAbove Grade Finished SqFt6,267 SqFtStories1Lot Size8,000 SqFtStyleOffice BuildingYear Built1929ZoningLBCCACountyLOS ANGELESAPN7209-022-010

Schools near 1861 Pacific Avenue

This home is within Long Beach Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Lafayette Elementary School
PublicK to 5

Washington Middle School
Public6 to 8

Cabrillo High School
Public9 to 12

Educational Partnership High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1861 Pacific Avenue is a mixed use property for sale in Long Beach, CA 90806. This property was listed for sale on January 9, 2025 by Douglas Elliman of California, it's currently listed at $2,590,000. It has been on the market for a total of 55 days and was last sold on December 13, 2023. This listing's school district is Long Beach Unified School District. Nearby schools include Lafayette Elementary School, Washington Middle School and Cabrillo High School. 1861 Pacific Avenue is a 0-bed, 0-bath, 6,072 sqft mixed use property built in 1929.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Douglas Elliman of California, Sean Wang, DRE #02207832; Douglas Elliman of California, Bridgette Kristin Sanossian, DRE #01916065

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.