1950 Pacific Ave Long Beach, CA 90806
Southeast Wrigley NeighborhoodEstimated payment $12,658/month
About This Home
1950 Pacific Ave presents a rare VALUE ADD Opportunity to acquire an 11-unit multifamily asset in Long Beach with strong in-place cash flow and two newly constructed ADUs already completed. The property features a desirable unit mix consisting of 1-bedroom and 2-bedroom units, including the two new ADUs, giving investors a clean combination of existing income, newer added rental units, and continued upside in rents. Built in 1962, the property totals approximately 6,733 square feet of building area on an approximately 8,591 square foot lot. Current scheduled rents total approximately $19,559 per month, or $234,712 annually, with market rents projected at approximately $21,940 per month before additional garage income, bringing total annualized market income to approximately $270,480. At the asking price of $2,300,000, the property is priced at approximately $209K per unit and $267 per net rentable square foot. The asset currently operates at a 9.80 GRM and 7.03% cap rate, with the ability to move toward an 8.50 GRM and 8.54% cap rate at market rents. The offering provides investors with strong current income, two newly built ADUs, and a clear path for additional rent growth in a central Long Beach location. With multiple units still below market and the ADU income already in place, 1950 Pacific Ave offers a compelling value-add opportunity with both immediate cash flow and long-term upside.
Listing Agent
Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 310-259-7556 License #02035763 Listed on: 07/06/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1962
Lot Details
- 6,735 Sq Ft Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Parking
- 3 Car Garage
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 8,591 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Bathrooms
Location
- Urban Location
Listing and Financial Details
- Legal Lot and Block 9 / A
- Assessor Parcel Number 7209020010
- $2,256 per year additional tax assessments
Community Details
Overview
- 11 Units
- Wrigley Area Subdivision
Building Details
- 11 Separate Electric Meters
- 11 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $10,000
- Maintenance Expense $6,600
- Professional Management Expense $11,736
- Water Sewer Expense $8,800
- New Taxes Expense $28,750
- Operating Expense $65,886
- Gross Income $234,726
- Net Operating Income $161,798
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2027 | $186 | -- | ||
| 2026 | $183 | -- | ||
| 2024 | $168 | -- | ||
| 2023 | $168 | $6,682 | $2,973 | $3,709 |
| 2022 | $160 | $5,895 | $2,198 | $3,697 |
| 2021 | $157 | $5,786 | $2,110 | $3,676 |
| 2020 | $139 | $0 | $0 | $0 |
| 2019 | $126 | $0 | $0 | $0 |
| 2018 | $108 | $0 | $0 | $0 |
| 2017 | $90 | $0 | $0 | $0 |
| 2016 | $103 | $0 | $0 | $0 |
| 2015 | -- | $0 | $0 | $0 |
| 2014 | -- | $0 | $0 | $0 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/06/2026 07/06/26 | For Sale | $2,300,000 | -- | $268 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB26144665
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
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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