939 Pacific,Long Beach, CA 90813
Long Beach, CA 90813
Description
We are pleased to present 939 Pacific Avenue, a renovated thirteen-unit apartment complex located just outside the historic Drake Park/Willmore City neighborhood in Downtown Long Beach. Situated less than a block from the Corner Dog Park and a short bike ride to The Promenade and City Place Shopping Center, this property benefits from the continued revitalization of the Downtown Long Beach corridor. Tenants enjoy walkable access to retail, dining, entertainment, and major employment centers, along with excellent transit connectivity and a Walk Score of 93. The property consists of thirteen (13) spacious 1-bedroom/1-bathroom units. All units were fully remodeled prior to current tenancy with high-end finishes including quartz countertops, real wood shaker cabinetry, recessed lighting, stainless steel appliances, ceramic tile in wet areas, and new flooring. Exterior improvements include new dual-pane vinyl windows, fencing and gates, drought-tolerant landscaping, garage doors with openers, upgraded lighting, and a permitted outdoor BBQ area. New main electric panel and sub panels. Additional features include a coin-operated laundry room that generates supplemental income and a storage room that is currently unused, offering potential for added income or repurposing. The property also includes six (6) on-site garages. Priced at a 6.40% cap rate, 939 Pacific Avenue offers investors a well-maintained, improved asset in one of Long Beach’s most supply-constrained and appreciating coastal submarkets.
Details
| MLS # | SB26114748 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1959 |
| Days On Site | 90 |
| Listing Provided By | Lyon Stahl Investment Real Estate, Inc. | Christopher Van Vuuren |
Features
| SQ Feet | 7,836 |
|---|---|
| Garage | 6 |
| Story(s) | 2 |
| Units | 13 |
| Building(s) | 1 |
| Zoning | LBCO |
| Acreage | 0.17 |
Parking
| Garage Yes / No | Yes |
|---|
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Sidewalks |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Long Beach |
| Zip Code | 90813 |
| Area | 4 Downtown Area | Alamitos Beach |
| Community Name | Willmore District (WM) |
| Listing VS Median (in Willmore District (WM)) | |
Price: $2,730,000 low | high Med: $2,650,000 sqft: 7,836 low | high Med: 6,643 $ / sqft: $348 low | high Med: $399 On site: 90 low | high Med: 124 | |
Market Activity 90813
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Long Beach |
| Zip Code | 90813 |
| Area | 4 Downtown Area | Alamitos Beach |
| Community Name | Willmore District (WM) |
| Listing VS Median (in Willmore District (WM)) | |
Price: $2,730,000 low | high Med: $2,650,000 sqft: 7,836 low | high Med: 6,643 $ / sqft: $348 low | high Med: $399 On site: 90 low | high Med: 124 | |
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