1113 Pacific Ave Long Beach, CA 90813
Willmore NeighborhoodEstimated payment $16,063/month
Highlights
- 0.34 Acre Lot
- Laundry Room
- Bike Trail
- Fireplace in Bathroom
- Accessible Parking
- Stacked Washer and Dryer
About This Home
CASH FLOW! Turnkey 7 unit asset featuring Four (4), 3-Bedroom / 1-Bath units (1,093 square feet each), 3-Bedroom / 1 Bath Detached House, (1) 1 Bedroom/1 Bath and (1) Studio. The property has been extensively renovated and minimal deferred maintenance. This garden-style property includes a secure gated entry, Four (7) Single-Car Garages, and one private uncovered driveway space. Located in an opportunity Zone with PD-30 zoning, allowing for unlimited high density residential potential. Additionally, the area is not subject to local rent control other than AB 1482. Note, this asset can also be sold with the adjacent 2 Unit Parcel with Open Land.
Listing Agent
Pat Swanson Brokerage Phone: 213-864-2862 License #01382974 Listed on: 06/27/2025
Property Details
Home Type
- Apartment
Year Built
- Built in 1907
Lot Details
- 0.34 Acre Lot
- No Common Walls
- Density is 2-5 Units/Acre
Parking
- 14 Open Parking Spaces
- 8 Car Garage
Home Design
- Entry on the 1st floor
Interior Spaces
- 6,338 Sq Ft Home
- 2-Story Property
- Electric Fireplace
- Gas Fireplace
- Family Room with Fireplace
- Living Room with Fireplace
- Fireplace in Kitchen
Bedrooms and Bathrooms
- 16 Bedrooms
- 7 Bathrooms
- Fireplace in Bathroom
Laundry
- Laundry Room
- Stacked Washer and Dryer
Accessible Home Design
- Accessible Parking
Outdoor Features
- Fireplace in Patio
- Exterior Lighting
Location
- Urban Location
- Suburban Location
Listing and Financial Details
- Assessor Parcel Number 7272005011
Community Details
Overview
- 3 Buildings
- 7 Units
- Downtown Subdivision
Amenities
- Laundry Facilities
Recreation
- Bike Trail
Building Details
- 7 Separate Electric Meters
- 7 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $7,923
- Trash Expense $1,200
- Water Sewer Expense $1,749
- New Taxes Expense $24,804
- Operating Expense $20,202
- Gross Income $243,974
- Net Operating Income $178,383
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $18,922 | $1,456,560 | $884,340 | $572,220 |
| 2024 | $18,922 | $1,428,000 | $867,000 | $561,000 |
| 2023 | $18,605 | $1,400,000 | $850,000 | $550,000 |
| 2022 | $9,023 | $661,909 | $252,478 | $409,431 |
| 2021 | $8,812 | $648,931 | $247,528 | $401,403 |
| 2020 | $8,788 | $642,278 | $244,990 | $397,288 |
| 2019 | $8,687 | $629,686 | $240,187 | $389,499 |
| 2018 | $8,373 | $617,340 | $235,478 | $381,862 |
| 2016 | $7,682 | $593,370 | $226,335 | $367,035 |
| 2015 | $7,387 | $584,458 | $222,936 | $361,522 |
| 2014 | $7,357 | $573,010 | $218,569 | $354,441 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/16/2025 10/16/25 | Price Changed | $2,798,000 | 0.0% | $441 / Sq Ft | |
| 10/16/2025 10/16/25 | For Sale | $2,798,000 | -6.6% | $441 / Sq Ft | |
| 10/14/2025 10/14/25 | Off Market | $2,995,000 | -- | -- | |
| 10/14/2025 10/14/25 | For Sale | $2,995,000 | 0.0% | $473 / Sq Ft | |
| 10/13/2025 10/13/25 | Off Market | $2,995,000 | -- | -- | |
| 09/25/2025 09/25/25 | Price Changed | $2,995,000 | -4.9% | $473 / Sq Ft | |
| 08/12/2025 08/12/25 | Price Changed | $3,150,000 | +57.6% | $497 / Sq Ft | |
| 06/27/2025 06/27/25 | For Sale | $1,999,000 | +42.8% | $315 / Sq Ft | |
| 07/19/2022 07/19/22 | Sold | $1,400,000 | 0.0% | $256 / Sq Ft | View Prior Sale |
| 06/08/2022 06/08/22 | Pending | -- | -- | -- | |
| 05/09/2022 05/09/22 | For Sale | $1,400,000 | -- | $256 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC25141984
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Based on information from California Regional Multiple Listing Service, Inc. 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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