1950 Pacific
Long Beach, CA 90806
0
Bed
0
Bath
8,591Sqft
6,735Sqft(Lot)
1950 Pacific Ave presents a rare VALUE ADD Opportunity to acquire an 11-unit multifamily asset in Long Beach with strong in-place cash flow and two newly constructed ADUs already completed. The property features a desirable unit mix consisting of 1-bedroom and 2-bedroom units, including the two new ADUs, giving investors a clean combination of existing income, newer added rental units, and continued upside in rents. Built in 1962, the property totals approximately 6,733 square feet of building area on an approximately 8,591 square foot lot. Current scheduled rents total approximately $19,559 per month, or $234,712 annually, with market rents projected at approximately $21,940 per month before additional garage income, bringing total annualized market income to approximately $270,480.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Water/Sewer
Water Source: Public Sewer: Public Sewer
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Building Information
Year Built: 1962 Building Area Total: 8,591 -
Pool Features
NoneLaundry Features
None
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Lot Details
Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1546 -
Lot Size Source: Assessor Lot Size Square Feet: 6735
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Listing Price Information
Original List Price: 2,300,000 Listing Contract Date: 2026-06-29 -
Lease Information
Listing Agreement: Exclusive Right To Sell
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Tax Information
Parcel Number: 7209020010
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Rental Info
Lease Term: Negotiable Tenant Pays: Electricity,Gas
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Other Property Info
Source Listing Status: Coming Soon Source Neighborhood: 5 - Wrigley Area Directions: From the 710 Fwy, exit Pacific Coast Hwy and head east. Turn left on Pacific Ave. Property is located on the right side near 20th St, north of Pacific Coast Hwy. Source Property Type: Residential Income Area: 5 - Wrigley Area Property SubType: Apartment -
Building and Construction
Property Age: 64 Common Walls: 2+ Common Walls Structure Type: Apartment Year Built Source: Assessor Entry Level: 1 Entry Location: front Property Attached: Yes Levels or Stories: Two Building Total Stories: 2
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 701 E Vernon, Long Beach, CA, 90806 | $688,000 | 3 | 1 | 1,224 | 1,224 SqFt |
| 910 E 19th Street, Long Beach, CA, 90806 | $754,000 | 4 | 3 | 1,492 | 1,492 SqFt |
| 3250 Chestnut, Long Beach, CA, 90806 | $1,050,000 | 4 | 2 | 1,686 | 1,686 SqFt |
| 2337 Long Beach, Long Beach, CA, 90806 | $1,299,000 | -- | -- | 4,330 | 4,330 SqFt |
| 3133 Cedar Avenue, Long Beach, CA, 90806 | $1,029,999 | 3 | 2 | 1,417 | 1,417 SqFt |
| 2320 Locust, Long Beach, CA, 90806 | $499,000 | 2 | 1 | 680 | 680 SqFt |
| 201 E Eagle Street, Long Beach, CA, 90806 | $879,000 | 5 | -- | 1,914 | 1,914 SqFt |
| 3005 Cedar, Long Beach, CA, 90806 | $999,900 | 3 | 2 | 1,333 | 1,333 SqFt |
| 3148 Magnolia, Long Beach, CA, 90806 | $1,150,000 | 4 | 4 | 2,106 | 2,106 SqFt |
| 1914 Locust, Long Beach, CA, 90806 | $899,000 | 5 | 3 | 1,844 | 1,844 SqFt |
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ByOwner last updated this listing 07/04/2026 @ 18:58
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