2000 Pacific Avenue

Long Beach, CA 90806

$939,000
Price
7
Beds
3
Baths
1,377 Sq. Ft.
$682 / Sq. Ft.
1,377
Sq. Ft.
$682
per Sq. Ft.

Description

Seller financing available at lower rate! Welcome to this exceptional duplex + possible ADU conversion nestled just a mile from the pristine shoreline in the vibrant heart of Long Beach, offering not just a home but a prime investment opportunity with dual plus potential ADU income streams. This property features two separate units, ADU/garage possible conversion ideal for generating additional revenue, alongside ample parking space for further income potential. Situated in an area ripe with development...Seller financing available at lower rate! Welcome to this exceptional duplex + possible ADU conversion nestled just a mile from the pristine shoreline in the vibrant heart of Long Beach, offering not just a home but a prime investment opportunity with dual plus potential ADU income streams. This property features two separate units, ADU/garage possible conversion ideal for generating additional revenue, alongside ample parking space for further income potential. Situated in an area ripe with development opportunities and future retail potential, and located in one of Long Beach's premier tourist areas, this property promises substantial profit and sustained growth. Don't miss out on this chance to invest in the quintessential Long Beach lifestyle with endless rental possibilities – schedule your viewing today and seize the opportunity!
  1. Listed by MAURICIO SANCHEZ • DRE #01716728 • Brokerage DRE #01064901 • RE/MAX MASTERS • 562-805-7549

Property Details for 2000 Pacific Avenue

Parking Spaces Total
2
Private Pool
No
Total Units
2.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
1377
Assessor Parcel Number
7209-019-015
Property Attached YN
false
LISTING UPDATED: 10/21/2024 10:24 AM

Property Details for 2000 Pacific Avenue

StatusActive
MLS #IV24073484
Days on Market238
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1928
Lot Size0.17 AC / 7,458 SF
CountyLos Angeles County

Building Information for 2000 Pacific Avenue

Stories1Residences-Year Built1928Building Size-Lot Size0.17 AC / 7,458 SF

Property Information for 2000 Pacific Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $2,300
  • Gross Scheduled Income: $78,000
  • Net Operating Income: $72,920
  • Number Of Rented Garages: 10
  • Garage Rental Rate: $60
  • Garage Income: $600
  • Other Income 1: $1,700
  • Cap Rate: 6.5
Expense Details
  • Operating Expense: $5,080
  • Fuel Expense: $0
  • Electric Expense: $2,400
  • Insurance Expense: $700
  • Trash Expense: $480
  • Water Sewer Expense: $1,500
  • Total Expenses: $5,080
Tax / Assessment Info
  • Tax Block: D
  • Tax Tract Number: 060...
  • Tax Census Tract: 5730.02
  • CFD/Mello-Roos Fee: $746
  • Tax Lot: 7
Community / Development
Community / Development
  • Community Features: Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Outside
Exterior Features
  • Entry Location: front
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Front Yard
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Private Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Parking Garage Spaces: 2
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Pro Forma: 1700
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1

Property History for 2000 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 2000 Pacific Avenue

Taxable ValueLand$395,352Additions$249,696Total$645,048
Tax Record2024$8,766 ($730 / month)
Home Facts
Total Finished SqFt1,377 SqFtAbove Grade Finished SqFt1,377 SqFtLot Size7,500 SqFtStyleDuplexYear Built1928ZoningLBCNPCountyLOS ANGELESAPN7209-019-015

Schools near 2000 Pacific Avenue

This home is within Long Beach Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Robinson Academy
PublicK to 8

Polytechnic High School
Public9 to 12

Educational Partnership High School
Public9 to 12

Clear Passage Educational Center
Charter9 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.

Similar Homes

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2000 Pacific Avenue is a multi-family home for sale in Long Beach, CA 90806. This property was listed for sale on April 17, 2024 by RE/MAX MASTERS, it's currently listed at $939,000. It has been on the market for a total of 238 days and was last sold on June 11, 2010. This listing's school district is Long Beach Unified School District. Nearby schools include Robinson Academy, Polytechnic High School and Educational Partnership High School. 2000 Pacific Avenue is a 7-bed, 3-bath, 1,377 sqft multi-family home built in 1928.

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 RE/MAX MASTERS, MAURICIO SANCHEZ, DRE #01716728

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.