1950 Pacific, Long Beach, CA 90806

Long Beach
Local realty services provided by:ERA Carlile Realty Group
1950 Pacific,Long Beach, CA 90806
$2,300,000
  • - Beds
  • - Baths
  • 8,591 sq. ft.
  • Multi-family
  • Active
Listed by: cameron samimi
Office: lyon stahl investment real estate, inc.310-425-9838
MLS#:SB26144665
Source:CRMLS

Price summary

  • Price:$2,300,000
  • Price per sq. ft.:$267.72

About this home

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. At the asking price of $2,300,000, the property is priced at approximately $209K per unit and $267 per net rentable square foot. The asset currently operates at a 9.80 GRM and 7.03% cap rate,...

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Home facts

  • Year built:1962
  • Listing ID #:SB26144665
  • Added:3 day(s) ago
  • Updated:July 06, 2026 at 01:42 PM

Rooms and interior

  • Living area:8,591 sq. ft.

Structure and exterior

  • Year built:1962
  • Building area:8,591 sq. ft.
  • Lot area:0.15 Acres
  • Levels:2 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$2,300,000
  • Price per sq. ft.:$267.72

Parking

  • Total parking spaces:3
  • Garage:Yes
  • Garage spaces:3
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