1113 Pacific Ave, Long Beach, CA 90813

1113 Pacific Ave, Long Beach, CA 90813

$2,795,000 $508/sq ft
14 Beds
7.0 Baths
5,500 Sq Ft
Listed 1 day ago β€’ FSBO-PRO #FSBO0034797
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About This Property

Recently renovated multifamily investment featuring five 3-bedroom, 1-bath units, plus an adjacent duplex, for seven residential units total. The five-unit property includes washer and dryer hookups, eight garages, and 15 secured parking spaces generating an additional $3,250 in monthly income ($39,000 annually).

Well-maintained property with established, family-oriented tenants and a strong history of early or on-time rent payments.

Investment Highlights:

$440 per square foot

7.1% capitalization rate

10.0x Gross Rent Multiplier (GRM)

10.2x Gross Income Multiplier (GIM)

$399,285 per residential unit

$3,250 in additional monthly parking income

Seller info (424)400-1888

Property Type Multi Family
Year Built 1907
Lot Size 7,447 sqft
Heating Forced air; Wall; Electric; Gas
Cooling None

Features & Amenities

Interior Features

  • Brick
  • Electric
  • Forced air
  • Gas
  • None
  • Shake / Shingle
  • Stucco
  • Wall
  • Wood

Location

1113 Pacific Ave, Long Beach, CA 90813, Long Beach, CA 90813

Property Owner

PO

Property Owner

Property Owner

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