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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Building Information
Year Built: 1962Building Area Total: 8591Stories: 2Pool Features: NonePrivate Pool: No
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Lot Information
Main Square Feet: 6735 Lot Size Acres: 0.1546 Lot Size Source: Assessor Lot Size Square Feet: 6,735 Lot Description: 0-1 Unit/AcreProperty Information
Subdivision: Wrigley Area (WR) Source Property Type: Residential Income Property SubType: Apartment Levels: Two Property Age: 64
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Listing Price Information
Listing Price: $2300000Cash, Conventional, Government Loan
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Tax Information
Parcel Number: 7209020010 Tax Lot: 9 Tax Block: A
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Parking Information
Parking Total: 3Garage Information
Has Garage: Yes Garage Space: 3
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Location Information
Direction: 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. WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1211 E Leigh Court, Long Beach, CA, 90806 | $635,000 | 3 | 2 | 2,000 | 2,327 Sq. Ft |
| 1125 E Salt Lake Street, Long Beach, CA, 90806 | $585,000 | 2 | 1 | 850 | 5,207 Sq. Ft |
| 1019 E 21st, Long Beach, CA, 90806 | $720,000 | 3 | 2 | 1,225 | 3,244 Sq. Ft |
| 2174 Linden, Long Beach, CA, 90806 | $850,000 | 3 | 2 | 1,444 | 5,414 Sq. Ft |
| 1844 Atlantic Avenue, Long Beach, CA, 90806 | $1,100,000 | 5 | 5 | -- | 4,890 Sq. Ft |
| 400 E 21st, Long Beach, CA, 90806 | $615,000 | 3 | 1 | 887 | 2,298 Sq. Ft |
| 3133 Cedar Avenue, Long Beach, CA, 90806 | $984,997 | 3 | 2 | 1,417 | 5,402 Sq. Ft |
| 2129 Locust, Long Beach, CA, 90806 | $975,000 | -- | -- | 2,351 | 6,258 Sq. Ft |
| 3148 Magnolia, Long Beach, CA, 90806 | $1,139,000 | 4 | 4 | 2,106 | 5,512 Sq. Ft |
| 2240 Pine Avenue, Long Beach, CA, 90806 | $719,000 | 2 | 1 | 1,091 | 3,832 Sq. Ft |
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ByOwner last updated this listing 10/05/2026 @ 08:12
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