Property profile

1047 Pacific Ave Long Beach, CA 90813

OFF-MARKET
Motels
Property ID
US10-0016596
5,557 SF 0.34 ac lot Built 1958
Entity Owned 4-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

The property is located in Downtown Long Beach, near Pine Avenue and within an area experiencing heavy development. It comprises a land parcel with two structures, upgraded electrical and plumbing, and a total building size of approximately 5,557 square feet on a double lot that includes parking and storage. The interior is configured with 17 rooms, each with its own bathroom, plus 2 additional bonus rooms and a manager’s quarters/office; two of the rooms are identified as ADA compliant. A dedicated laundry area exists for housekeeping use and has also been used for storage. The property was remodeled with updated permits and licenses included as part of the configuration.

Property profile

Verified
Property type Motels
Use group MOTEL
Year built 1958
Construction WOOD
Total area 5,557 SF
Lot 0.34 ac (14,913 SF)
Zoning code LBCO
APN 7272-005-051
UPID US10-0016596

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Corporate Office

Location

1047 Pacific Ave Long Beach, CA 90813
Long Beach metro Census 575803 LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$415k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$470k

Owner & transaction history

since 2022
2 recorded transactions
2022
Price N/A
2021
Price N/A

Zoning & alternative use

LBCO · Long Beach, CA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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