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Multifamily

1151 Pacific Ave

1151 Pacific Ave, Long Beach, CA 90813

Listing Price: $1,434,000

Cap Rate
6.49%
Number of Units
4
GRM
11.67
Price/Unit
$358,500
Price/Gross SF
$316.56
Gross SF
4,530

Investment Overview

Marcus & Millichap is pleased to present to market 1151 Pacific Avenue, a fourplex in Long Beach, California. The property is a 1978 construction with spacious floor plans and a highly desirable mix of three two-bed/two-bath units and one three-bed/two-bath unit. The property also offers on-site laundry, a two-car garage in the front, and four single-car garages in the rear with tandem driveway parking.
1151 Pacific Avenue is located in the Willmore neighborhood, offering tenants easy access to retail (WalkScore: 89), the Metro Blue Line, Downtown Long Beach, and the 710 Freeway.

Current rents offer a new investor 10 percent rental upside.

1151 Pacific Avenue is offered as part of a Long Beach portfolio sale along with 2032 Pine Avenue, an eight-unit complex, and 1209 Olive Avenue, a six-unit building. Properties available separately or together.

Investment Highlights

  • 1978 Construction fourplex with a desirable mix of three two-bed/two-bath units and one three-bed/two-bath unit
  • 10 percent potential upside in rents
  • Property features spacious floor plans, shared laundry, a two-car garage, four single-car garages and driveway parking
  • Located in the Willmore neighborhood proximate to retail (WalkScore: 89) the Metro Blue Line, and the 710 Freeway
  • Offered as part of a Long Beach portfolio sale along with 2032 Pine Avenue, an eight-unit complex, and 1209 Olive Avenue, a six-unit building. Properties available separately or together

Exclusively Listed By

Multifamily

1151 Pacific Ave

Listing Price: $1,434,000

Cap Rate
6.49%
Number of Units
4
GRM
11.67
Price/Unit
$358,500
Price/Gross SF
$316.56
Gross SF
4,530

Investment Highlights

  • 1978 Construction fourplex with a desirable mix of three two-bed/two-bath units and one three-bed/two-bath unit
  • 10 percent potential upside in rents
  • Property features spacious floor plans, shared laundry, a two-car garage, four single-car garages and driveway parking
  • Located in the Willmore neighborhood proximate to retail (WalkScore: 89) the Metro Blue Line, and the 710 Freeway
  • Offered as part of a Long Beach portfolio sale along with 2032 Pine Avenue, an eight-unit complex, and 1209 Olive Avenue, a six-unit building. Properties available separately or together

Investment Overview

Marcus & Millichap is pleased to present to market 1151 Pacific Avenue, a fourplex in Long Beach, California. The property is a 1978 construction with spacious floor plans and a highly desirable mix of three two-bed/two-bath units and one three-bed/two-bath unit. The property also offers on-site laundry, a two-car garage in the front, and four single-car garages in the rear with tandem driveway parking. 1151 Pacific Avenue is located in the Willmore neighborhood, offering tenants easy access to retail (WalkScore: 89), the Metro Blue Line, Downtown Long Beach, and the 710 Freeway. Current rents offer a new investor 10 percent rental upside. 1151 Pacific Avenue is offered as part of a Long Beach portfolio sale along with 2032 Pine Avenue, an eight-unit complex, and 1209 Olive Avenue, a six-unit building. Properties available separately or together.

Exclusively Listed By

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