Great investment opportunity with solid $4,900 per month rental income. A mix of 2 office - retail spaces with optimal street frontage facing Pacific Ave. and the hundreds of cars that go by daily. Now couple that with the three residential units in the back with tons of private, gated parking. All units are currently tenant occupied, with 4 of the 5 being month-to-month. The front retail unit A rents for $700 per month, unit B is $800 per month. The 3 residential units in the back are each 1 bedroom, 1 bathroom. Rents for these units are $950, $950 and $900. The property also includes 4 garages off the back alley, which 2 are rented by tenants for $250 and $350 respectively. The remaining 2 garages are used by the owner as storage - but you could rent these out and add to your monthly $4,900 income per month! Located in the heart of the Wrighley District of Long Beach. This property has NO rent control restrictions.
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This Multi-Family home
for sale in Long Beach, CA
is currently listed for $829,000.
Featuring a lot size of 7,261 Sq. Ft.,
2369 Pacific Avenue
was built in 1931 and
has been on coldwellbankerrealestate.com for 63 days.
This listing is provided courtesy of STAR REAL ESTATE.
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Data last updated: Thursday, March 30, 2017 at 6:15 AM. Properties in listings may have been sold or may no longer be available.