2444 Pacific, Long Beach, CA 90806
2444 Pacific, Long Beach, CA 90806
2444 Pacific, Long Beach, CA 90806
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$1,850,000
Est. payment /mo
7,457 Sqft Lot
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UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Wrigley Area (Wr)

MLS Listing ID PW26063703

HOA Y/N No

Year Built 1943

Lot Size 7,457 Sqft

Property Sub-Type Apartment

Property Description

Exceptional 8-Unit Investment Opportunity in Long Beach – Value-Add with ADU Potential!
Introducing 2444 Pacific Ave, a rare opportunity to acquire a well-located 8-unit apartment building in the heart of the Wrigley area of Long Beach. This income-producing property offers investors immediate cash flow with significant upside potential through strategic improvements and additional accessory dwelling unit development. The property features eight residential units complemented by five detached garages, presenting a prime opportunity for conversion into Accessory Dwelling Units (ADUs) (buyer to verify with city). This added value component provides a clear path to increasing rental income and maximizing long-term returns. Situated on a desirable stretch of Pacific Avenue, the property benefits from strong rental demand, proximity to major transportation corridors, local retail, dining, and employment hubs. Tenants enjoy convenient access to everything Long Beach has to offer, making this an attractive and stable investment location.

Highlights Include:
-8-unit multifamily property with strong in-place income
-Upgraded electrical and plumbing
-SB 721 inspection completed and passed
-5 garages with excellent ADU conversion potential
-Value-add opportunity through unit upgrades and increased rents
-Prime location with high tenant demand
-Ideal for investors seeking long-term growth and cash flow
- Current Cap - 5.87 Market Cap - 6.87
- Current GRM - 12.18 Market GRM 10.32
Whether you're looking to expand your portfolio or capitalize on Long Beach's thriving rental market, 2444 Pacific Ave delivers both stability and upside in one compelling investment. The property is professionally managed. Buyer to verify all information.

Location

State CA

County Los Angeles

Area 5 - Wrigley Area

Interior

Fireplace No

Laundry Common Area

Exterior

Garage Spaces 5.0

Garage Description 5.0

Pool None

Community Features Sidewalks, Urban

Total Parking Spaces 5

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 7205008016

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Trust

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Listed by Perry Karn Southland Property Group 562-519-0099, DRE #01963224

NEARBY SCHOOL & BUSINESS

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