$223.37 Per Sq Foot $5,900 est/mo Sourced by Back At You

2225 Pacific Avenue,Long Beach, CA 90806

Long Beach CA, 90806

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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.

Details

Listing IDAR24040590
Listing TypeFor Sale
StyleOffice Building
Sub-TypeResale
StatusActive
Year1952
Days On Site56
Listing Provided ByReal Brokerage Technologies, Inc 855-450-0442 | Ray Kim

Features

SQ Feet4,920
Story(s)1
Acreage0.15

Market Activity 90806

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.

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Learn More About This Property

StateCA
CountyLos Angeles
CityLong Beach
Zip Code90806
Area5 Wrigley Area
Listing VS Median (in 90806)
Price:
$1,099,000
low | high
Med:
$820,000
75.386715195632% of Average
SqFt:
4,920
low | high
Med:
2,104
100% of Average
$ / SqFt:
$223
low | high
Med:
$390
24.475932147095% of Average
On Site:
56
low | high
Med:
75.000000
74.666666666667% of Average
Sourced by Back At You
Listing Updated: March 28, 2024 at 5:15:48 PM PDT
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