$1,850,000

Estimated payment $13,135/month

Total Views 150
8 Beds
7 Baths
4,583 Sq Ft
$404 Price per Sq Ft

Highlights

  • Rectangular Lot
  • Long Beach Polytechnic High School Rated A
  • 1-minute walk to K-9 Corner Dog Park

About This Home

This offering presents an excellent turnkey acquisition opportunity: converted from a creative office building into an apartments in 2020, this building is not subject to rent control.

944 Pacific Avenue features four one-bed/one-bath units, one two-bed/one-bath, and one two-bed/two-bath unit. Unit interiors boast modern finishes, in-unit laundry, and mini splits to support rental demand. The units are separately metered for all utilities; with tenants paying their own gas, electric, and water, owner expenses are minimized. The building also offers controlled access, a landscaped courtyard with patios, and a large parking lot with an E/V charger. The building’s electrical and plumbing were updated during the building use conversion.

The property is located in Downtown Long Beach, offering easy access to major employers, retail, and attractions. This transit-friendly location is also just three blocks from the Metro E Line and proximate to the 710 Freeway.

Listing Agent

Steve Bogoyevac

Steven M. Bogoyevac, Broker Brokerage Email: steve.bogoyevac@marcusmillichap.com License #01332755 Listed on: 09/08/2026

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2020

Lot Details

  • 6,766 Sq Ft Lot
  • No Common Walls
  • Rectangular Lot

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 4,583 Sq Ft Home
  • 2-Story Property
  • Laundry in unit

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 7 Full Bathrooms

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces

Location

  • Urban Location

Listing and Financial Details

  • Legal Lot and Block 1 / 9
  • Assessor Parcel Number 7273014003
  • $1,368 per year additional tax assessments

Community Details

Overview

  • 6 Units
  • Downtown Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 6 Separate Water Meters
  • Operating Expense $46,140
  • Gross Income $151,140
  • Net Operating Income $100,466

Property Details

Home Type

Multi-Family

Year Built

Built in 2020

Lot Details

6,766 Sq Ft Lot

Listing Details

  • Standard Status: Active
  • CapRate: 5.43
  • Property Attached: No
  • Subdivision Name Other: Downtown (DT)
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 7273014003
  • Year Built: 2020
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Full Bathrooms: 7
  • Total Bedrooms: 8
  • Entry Level: 1
  • Price Per Square Foot: 403.67

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 10.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 6766.00
  • Lot Size Acres: 0.1553

Multi Family

  • Gross Income: 151140.00
  • Gross Multiplier: 12.24
  • Gross Scheduled Income: 151140.00
  • Lot Size Area: 6766.0000 Square Feet
  • Net Operating Income: 100466.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 6
  • Number Of Units Total: 6
  • Operating Expense: 46140.00
  • Rent Control: No
  • Total Expenses: 46140.00

Tax Info

  • Tax Block: 9
  • Tax Lot: 1
  • TaxOtherAnnualAssessmentAmount: 1368.00

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
2026 $32,276 $2,484,179 $662,447 $1,821,732
2025 $32,276 $2,435,470 $649,458 $1,786,012
2024 $30,893 $2,387,717 $636,724 $1,750,993
2023 $30,375 $2,340,900 $624,240 $1,716,660
2022 $28,500 $2,295,000 $612,000 $1,683,000
2021 $27,946 $2,250,000 $600,000 $1,650,000
2019 $14,892 $1,137,300 $581,400 $555,900
2018 $14,421 $1,115,000 $570,000 $545,000
2017 $10,243 $765,000 $489,600 $275,400
2016 $6,890 $522,951 $212,130 $310,821
2015 $6,628 $515,097 $208,944 $306,153
2014 $6,589 $505,008 $204,852 $300,156
Source: Public Records

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 Prior Sale
09/08/2026 09/08/26 For Sale $1,850,000 -17.8% $404 / Sq Ft
10/30/2020 10/30/20 Sold $2,250,000 0.0% $491 / Sq Ft View Prior Sale
09/29/2020 09/29/20 Pending -- -- --
09/18/2020 09/18/20 Price Changed $2,250,000 0.0% $491 / Sq Ft
09/18/2020 09/18/20 For Sale $2,250,000 0.0% $491 / Sq Ft
05/27/2020 05/27/20 Off Market $2,250,000 -- --
05/01/2020 05/01/20 For Sale $2,450,000 +8.9% $535 / Sq Ft
04/14/2020 04/14/20 Off Market $2,250,000 -- --
03/20/2020 03/20/20 For Sale $2,450,000 +119.7% $535 / Sq Ft
12/07/2017 12/07/17 Sold $1,115,000 -6.3% $243 / Sq Ft View Prior Sale
10/10/2017 10/10/17 Pending -- -- --
09/03/2017 09/03/17 For Sale $1,190,000 -- $260 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase 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 Type Sale Price Title Company
Grant Deed $2,250,000 Old Republic Title Company
Grant Deed $1,115,000 Old Republic Title Company
Grant Deed $750,000 Lawyers Title Company
Source: Public Records

Mortgage 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 Status Loan Amount Loan Type
Previous Owner $450,000 Commercial
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW26196305

California Regional Multiple Listing Service (CRMLS)
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