2444 Pacific Long Beach, CA 90806

Listing agency Southland Property Group

Listed by Perry Karn · License #01963224

Source Crexi

Added: Mar 24 Updated: Jul 20 at 11:53PM Checked: Jul 22 at 1:58PM

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Investment Insights

Based on property information with market context.

This for-sale multifamily property consists of eight residential units. The building is complemented by five detached garages, which are identified as having potential for conversion to accessory dwelling units, subject to buyer verification with the city. Public remarks also note upgraded electrical and plumbing and that an SB 721 inspection has been completed and passed.

The property is located at 2444 Pacific Ave in the Wrigley area of Long Beach. Public remarks state the location offers proximity to transportation corridors and nearby retail, dining, and employment hubs.

For ongoing income performance, the remarks list a current cap rate of 5.87 and a current GRM of 12.18, with a stated market cap of 6.87 and market GRM of 10.32.

Key Highlights

• 8‑unit apartment building with five detached garages on Pacific Ave in the Wrigley area of Long Beach
• Upgraded electrical and plumbing
• SB 721 inspection completed and passed

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FAQs

What type of property is this?

Apartment building - Well-located 8-unit apartment building with five detached garages and noted upgrades to electrical and plumbing.

Where is this apartment building located?

The property is located at 2444 Pacific Long Beach, CA.

What is the asking price?

The asking price for this property is $1,850,000.

What are key features of this property?

This property features: 8‑unit apartment building with five detached garages on Pacific Ave in the Wrigley area of Long Beach; Upgraded electrical and plumbing; SB 721 inspection completed and passed