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Nicolas Romo
Direct Office:
800-659-4610
sellingcasas@gmail.com

DRE# 01787685
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Nicolas Romo
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Direct Office:
800-659-4610
sellingcasas@
gmail.com

DRE# 01787685
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2225 Pacific Avenue,  Long Beach CA, 90806

(Active)
$1,099,000
|
4,920 sqft
|
MLS# AR24040590
Last Updated: 5/17/2024 9:50 AM
Description for 2225 Pacific Avenue Long Beach, CA 90806
Welcome to your next investment opportunity! 2225-2231 Pacific is a prime retail, office building in the Wrigley Village retail corridor offering 112 feet of frontage on walkable Pacific Avenue. Boasting a large rentable space of 4,920 square feet, your options are endless with a variety of allowed uses. The property has been in the same ownership for over 20 years. The space is currently built out with 3 suites and 6 parking spaces in a gated entry at the rear. This building is perfect for an Investor or an Owner User, a 1031 Exchange, or a SBA loan with 10% Down. Tons of upside potential here with steady changes in the area. You can benefit from tremendous value-add as all tenants are on month to month tenancy paying below market rents. The property originally had 4 suites but two suites have been converted into one larger suite (but can easily be converted back). Neighboring areas are Signal Hill, Wrigley Heights, and Downtown Long Beach. The property is also located in the MJ Hemp zone which allow tons of business opportunity and situated conveniently near the 405 and 710 freeways. Please check with the City of Long Beach for all zoning and usage.
Price
$1,099,000
Los Angeles
4,920 (approx)
AR24040590
Active
Description
Welcome to your next investment opportunity! 2225-2231 Pacific is a prime retail, office building in the Wrigley Village retail corridor offering 112 feet of frontage on walkable Pacific Avenue. Boasting a large rentable space of 4,920 square feet, your options are endless with a variety of allowed uses. The property has been in the same ownership for over 20 years. The space is currently built out with 3 suites and 6 parking spaces in a gated entry at the rear. This building is perfect for an Investor or an Owner User, a 1031 Exchange, or a SBA loan with 10% Down. Tons of upside potential here with steady changes in the area. You can benefit from tremendous value-add as all tenants are on month to month tenancy paying below market rents. The property originally had 4 suites but two suites have been converted into one larger suite (but can easily be converted back). Neighboring areas are Signal Hill, Wrigley Heights, and Downtown Long Beach. The property is also located in the MJ Hemp zone which allow tons of business opportunity and situated conveniently near the 405 and 710 freeways. Please check with the City of Long Beach for all zoning and usage.
Listing Information
Property Type: Office, Business Opportunities, 1 Story
0.15 Acres Assessor 4,920 (approx)
1952 1
Public
Neighborhood
Room Information
None
Interior Features
Central Air
Other, Central
Exterior / Lot Features
0 Covered Parking Spaces,
2-5 Units/Acre
Driving Directions
Intersection of Hill and Pacific Ave
Financial Considerations
7205021023
Cash,Cash to New Loan,1031 Exchange
Listing Price History

Long Beach Real Estate

Long Beach is located in California. Long Beach, California 90806 has a population of 469,558.

The median household income in Long Beach, California 90806 is $57,073. The median household income for the surrounding county is $73,262 compared to the national median of $66,222. The median age of people living in Long Beach 90806 is 38 years.

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Listing Agent: Ray Kim CalDRE: 01803155 - Real Brokerage Technologies, Inc
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The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this website. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This content last refreshed on 5/17/2024 9:50 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

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