Long Beach, CA 90813 1021 Pacific Avenue
$1,350,888
Presented By: Steven Guthrie with Platinum Finance Properties; 714-625-7240
Beds • 10
Baths • 6
SQFT • 4,680
Home Details
Opportunity knocks!! This 6-unit complex, situated close to amenities, shopping, public transport, freeway access, and downtown Long Beach, is a prime investment. Two-story building features three 1-bedroom 1-bath units upstairs, and downstairs there are two 2-bedroom 1-bath units, plus one 3-bedroom 1-bath unit. One of the 1-bedroom units upstairs and one of the 2-bedroom unit downstairs are ready to be rented at market rates or could serve as an owner's unit. This is an excellent investment opportunity priced at less than $226,000 per unit. Don’t miss your opportunity to add this outstanding income property to your portfolio.
Presented By: Steven Guthrie with Platinum Finance Properties; 714-625-7240
Interior Features for 1021 Pacific Avenue
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsItem2CommonWalls
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesNone
Total Stories2
Other Rooms
Entry Level1
General for 1021 Pacific Avenue
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Spaces0.0
Carport Y/NNo
CityLong Beach
Community FeaturesStreetLights, Sidewalks
CountyLos Angeles
Current FinancingNone
Days on Market
DirectionsPacific Ave. / 10th St.
Entry LocationFront
Fuel Expense600.0
Garage Spaces0.0
Garage Y/NNo
Gross Income78000.0
Home Owner AssocNo
Home Warranty Y/NNo
Insurance Expense8000.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Lot Size Square Feet7453.0
Lot Size UnitsSquareFeet
MLS Area4 - Downtown Area, Alamitos Beach
MobileHomeRemainsYNNo
Net Operating Income89234.0
New ConstructionNo
NumberOfUnitsTotal6
Open Parking Spaces6.0
Operating Expense39166.0
Pool FeaturesNone
Private PoolNo
Property Sub Type AdditionalApartment
Property SubTypeApartment
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Subdivision NameWillmore District (WM)
Tax Lot10
Taxes$16,886
Tenant PaysElectricity
TermsCash, CashtoNewLoan, Submit
Trash Expense400.0
View Y/NNo
Water Sewer Expense2000.0
Waterfront Y/NNo
Year Built1956
Year Built SourceAssessor
ZoningLBCO
Exterior for 1021 Pacific Avenue
Building Area Total4680.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesWalkstreet
Lot Size Acres0.1711
Lot Size Area7453.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters6
Number of Separate Gas Meters1
Number of Separate Water Meters1
Open Parking Y/NNo
SpaNo
Total Parking6.0
Water SourcePublic
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480