$2,365,000
$2,400,000
1.5%For more information regarding the value of a property, please contact us for a free consultation.
8,203 SqFt
SOLD DATE : 01/07/2019
Key Details
Sold Price $2,365,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 8,203 sqft
Price per Sqft $288
Subdivision Downtown (Dt)
MLS Listing ID SB18234049
Sold Date 01/07/19
HOA Y/N No
Year Built 1963
Lot Size 7,505 Sqft
Acres 0.1723
Property Description
pleased to present 1106 Pacific Ave. in Long Beach. This spacious, 12-unit property located in the historic Willmore District is a 8,203 Sq.Ft building, equipped with (10) large 1-bed/1-bath units, and (2) large (2-bed/2-bath units. The property comes with (6) single-car garages, highly desirable assets in the city of Long Beach , and offers a market cap well above a 6%.
The Pacific Ave. Apartments are situated just blocks from the $6 billion worth of investment going into Downtown Long Beach, which includes the $520 million dollar Civic Center redevelopment, the $250 million Queen Mary Island waterfront development, the $53 million dollar Long Beach Aquarium expansion, and plenty of other vast developments planned for the city.
This beautiful property has both easy transportation and entertainment access. This is a great investment for an exchange buyer or owner looking to own a piece of one of Southern California's last affordable beach communities.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Zoning LBR4N
Rooms
Ensuite Laundry CommonArea
Interior
Laundry Location CommonArea
Fireplace No
Laundry CommonArea
Exterior
Garage Spaces 6.0
Garage Description 6.0
Pool None
Community Features Curbs, Suburban, Sidewalks
Total Parking Spaces 6
Private Pool No
Building
Lot Description Item01UnitAcre
Sewer PublicSewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 7273005013
Acceptable Financing CashtoNewLoan
Listing Terms CashtoNewLoan
Financing Conventional
Special Listing Condition Standard
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Bought with Cameron Samimi • Lyon Stahl Investment Real Estate, Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
3631 Truxel Rd # 1081, Sacramento, CA, 95834, United States