Mixed-Use
2131 & 2133 Pacific Avenue
2131 Pacific Ave, Long Beach, CA 90806
Listing Price: $2,600,000
Investment Overview
Marcus & Millichap is pleased to present 2131 and 2133 Pacific Avenue, a well-maintained mixed-use asset on two parcels in Long Beach, California. The property is located directly across from a Northgate Market, three blocks north of Pacific Coast Highway and west of Long Beach Boulevard, conveniently near the 710 Freeway.
The property features four commercial units that face Pacific Avenue, a major north-south retail corridor in Long Beach, as well as two studios and 10 one-bedroom units in the rear.
With strong cash flow on current rents and approximately 12 percent potential upside in rents, 2131 and 2133 Pacific Avenue presents an excellent investment opportunity. Furthermore, a new investor may explore the potential to convert the retail spaces to eight apartment units (buyer to verify).
This asset is offered as part of a portfolio of Long Beach apartment buildings that range from eight to 52 units. For portfolio details, please see page 13 and contact the listing agent. Properties available separately or together.
2131 & 2133 Pacific Avenue
Investment Highlights
- MIXED-USE ASSET ON TWO CONTIGUOUS PARCELS: Property features four retail spaces, 10 one-bedroom units and two studios.
- 6.57% CAP RATE ON CURRENT RENTS: Great acquisition opportunity for an investor looking for an asset with strong in-place cash flow and potential upside.
- LOCATED ACROSS FROM A NORTHGATE MARKET: Easy shopping convenience for apartment tenants and advantageous exposure for retail tenants.
- ADU POTENTIAL: There may be potential to convert the retail spaces to eight apartments (buyer to verify).
- OFFERED AS PART OF A FIVE-BUILDING PORTFOLIO: Properties range from eight to 52 units in Long Beach and are available separately or together.
Exclusively Listed By
Listing Price: $2,600,000
Investment Highlights
- MIXED-USE ASSET ON TWO CONTIGUOUS PARCELS: Property features four retail spaces, 10 one-bedroom units and two studios.
- 6.57% CAP RATE ON CURRENT RENTS: Great acquisition opportunity for an investor looking for an asset with strong in-place cash flow and potential upside.
- LOCATED ACROSS FROM A NORTHGATE MARKET: Easy shopping convenience for apartment tenants and advantageous exposure for retail tenants.
- ADU POTENTIAL: There may be potential to convert the retail spaces to eight apartments (buyer to verify).
- OFFERED AS PART OF A FIVE-BUILDING PORTFOLIO: Properties range from eight to 52 units in Long Beach and are available separately or together.
Investment Overview
Marcus & Millichap is pleased to present 2131 and 2133 Pacific Avenue, a well-maintained mixed-use asset on two parcels in Long Beach, California. The property is located directly across from a Northgate Market, three blocks north of Pacific Coast Highway and west of Long Beach Boulevard, conveniently near the 710 Freeway. The property features four commercial units that face Pacific Avenue, a major north-south retail corridor in Long Beach, as well as two studios and 10 one-bedroom units in the rear. With strong cash flow on current rents and approximately 12 percent potential upside in rents, 2131 and 2133 Pacific Avenue presents an excellent investment opportunity. Furthermore, a new investor may explore the potential to convert the retail spaces to eight apartment units (buyer to verify). This asset is offered as part of a portfolio of Long Beach apartment buildings that range from eight to 52 units. For portfolio details, please see page 13 and contact the listing agent. Properties available separately or together.
Exclusively Listed By
