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… Read More 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 Beach’s thriving rental market, 2444 Pacific Ave delivers both stability and upside in one compelling investment. The property is professionally managed. Buyer to verify all information. Read Less
Property listed by Southland Property Group, Perry Karn 310-259-7556
Listing Snapshot
Days Online
20
Last Updated
Property Type
Apartment
Lot Size
0.17 Acres
Year Built
1943
MLS Number
PW26063703
Additional Details
Building
Built in 1943, 1 building, 2 stories, Entry level: 1, Entry location: Front and Side
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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