2429 Pacific Avenue, Long Beach, CA 90806

$1,000,000
List Price
$1,000,000
Price Change
▼ $200,000 1645076884
Status
ACTIVE UNDER CONTRACT
MLS#
SB21246231
Year Built
1925
Lot Size
11,619
Acres
0.2667
Lot Location
Item01UnitAcre
Days on Market
70
Property Type
Commercial
Property Sub Type
Office

Property Description

Designed by famous Mid-Century Modern architect Edward Killingsworth, 2429 Pacific Ave offers an one of a kind value-add opportunity located in the heart of Long Beach. Completely remodeled and delivered tenant or owner/user ready, this is the perfect opportunity for any owner user or investor looking for a prized creative office asset in a fantastic location. 2429 Pacific Ave has 2,040 Sq.Ft of rentable office space and is situated on an oversized 11,619 Sq.Ft lot, zoned LBCNP. Zoning would allow for potential Live/Work Unit. The property features abundant parking on site, an indoor/outdoor office atmosphere, and the potential to add a back patio. Market rents for similar product will rent out at $4,500 should the owner decide to add monthly income. The upside in the Long Beach market is limitless, with $6 Billion in new capital pouring into projects such as the Long Beach Civic Center, Long Beach Aquarium, OceanAire Project, CSULB Downtown Village, Broadway Block, The Pacific, Queen Mary Island and many more.

Additional Information

Water
Public
Attached Structure
Detached
Number Of Units Total
1
Gross Scheduled Income
$54,000
Operating Expense
10772

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Listing Agent: Cameron Samimi from Listing Office: Lyon Stahl Investment Real Estate, Inc.

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.