2444 Pacific, Long Beach, CA 90806
2444 Pacific, Long Beach, CA 90806
2444 Pacific, Long Beach, CA 90806
2444 Pacific, Long Beach, CA 90806
2444 Pacific, Long Beach, CA 90806
2444 Pacific, Long Beach, CA 90806
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Candice Culen

Candice Culen

+1(877) 976-5348
$ 1,850,000
Est. payment | /mo

4 Beds

4 Baths

7,457 Sqft Lot

Save
$ 1,850,000
Est. payment | /mo
Save

4 Beds

4 Baths

7,457 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active Under Contract

Purchase Type For Sale

Subdivision Wrigley Area (Wr)

MLS Listing ID PW26063703

Bedrooms 4

Lot Size 7,457 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

Exceptional 8-Unit Investment Opportunity in Long Beach Value-Add with ADU Potential! Introducing 2444 Pacific Ave, a rare opportunity to acquire a well-located 8-unit apartment building in the heart of the Wrigley area of Long Beach. This income-producing property offers investors immediate cash flow with significant upside potential through strategic improvements and additional accessory dwelling unit development. The property features eight residential units complemented by five detached garages, presenting a prime opportunity for conversion into Accessory Dwelling Units (ADUs) (buyer to verify with city). This added value component provides a clear path to increasing rental income and maximizing long-term returns. Situated on a desirable stretch of Pacific Avenue, the property benefits from strong rental demand, proximity to major transportation corridors, local retail, dining, and employment hubs. Tenants enjoy convenient access to everything Long Beach has to offer, making this an attractive and stable investment location. Highlights Include: -8-unit multifamily property with strong in-place income -Upgraded electrical and plumbing -SB 721 inspection completed and passed -5 garages with excellent ADU conversion potential -Value-add opportunity through unit upgrades and increased rents -Prime location with high tenant demand -Ideal for investors seeking long-term growth and cash flow - Current Cap - 5.87 Market Cap - 6.87 - Current GRM - 12.18 Market GRM 10.32 Whether you're looking to expand your portfolio or capitalize on Long Beachs thriving rental market, 2444 Pac

Location

State CA

County Los Angeles

Zoning Public Rec

Direction Head North on Pacific Ave from Pacific Coast Highway it will be on your right side right after the Burnett Street intersection.

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 7205008016

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

MLS Router / San Diego MLS
Listed by Perry Karn, DRE#01963224 Southland Property Group 

NEARBY SCHOOLS & PROPERTIES

Candice Culen

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(877) 976-5348

info@yrealtyinc.com

3020 Old Ranch Parkway Suite 250, Seal Beach, CA, 90740, US

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2444 Pacific