1636 Pacific Avenue, Long Beach, California 90813, Long Beach, 90813 - bed, bath
ACTIVE$989,900
1636 Pacific Avenue, Long Beach, California 90813
0Bed
0Bath
2,667Sqft
5,579Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Multi-Unit Income Property: As a quadruplex with four distinct units (3/1, 2/1, 1/1, 1/1), this property offers significant rental income potential and diversification, making it an attractive investment.
Top Cons:
Exterior Renovation Required: The property needs 'a little bit of TLC on the exterior,' indicating potential deferred maintenance or necessary investment to improve curb appeal and structural integrity.
Compared to the nearby listings
Price:$989.9K vs avg $850.0K (+$139,900)69%
Size:2,667 sqft vs avg 2,366 sqft69%
Price/sqft:$371 vs avg $34954%
More Insights
Built in 1923 (102 years old).
Condition: Built in 1923, this property is over a century old. While the listing description states the 'interior of the property is in good condition,' the provided images of the exterior show significant signs of age and deferred maintenance, including peeling paint and worn stucco, aligning with the 'Exterior Renovation Required' weakness. The 'Historic Age' also suggests outdated systems (plumbing, electrical). The property requires substantial exterior updates and likely system modernizations, placing it in the 'Fair' category, as it's aged but has some level of interior upkeep, yet needs more than minor cosmetic fixes to meet current standards.
Year Built
1923
Close
-
List price
$990K
Original List price
$990K
Price/Sqft
$371
HOA
-
Days on market
-
Sold On
-
MLS number
DW25152949
Home ConditionFair
Features
View-
About this home
WHAT A PHENOMENAL OPPORTUNITY TO BECOME THE OWNER OF THESE 4 UNITS IN THE CITY OF LONG BEACH. PROPERTY HAS A LOT OF POTENTIAL. 1) UNIT IS 3 BEDROOM, 1 BATH. 2) UNIT IS 2 BEDROOM, 1 BATH, 3) IS 1 BEDROOM, 1 BATH. 4) UNIT IS 1 BEDROOM 1 BATH. ALL UNITS ARE RENTED PROPERTY IS BEING SOLD WITH TENANTS IN. THIS PROPERTY JUST NEED A LITTLE BIT OF TLC ON THE EXTERIOR. THE INTERIOR OF THE PROPERTY IS IN GOOD CONDITION. PROPERTY IS CLOSE TO PUBLIC TRANSPORTATION AND EASY FREEWAY ACCESS.
Nearby schools
7/10
Roosevelt Elementary School
Public,•K-5•0.4mi
7/10
International Elementary School
Public,•K-5•0.9mi
8/10
Lafayette Elementary School
Public,•K-5•1.0mi
5/10
Edison Elementary School
Public,•K-5•1.1mi
6/10
Washington Middle School
Public,•6-8•0.2mi
6/10
Polytechnic High School
Public,•9-12•0.5mi
3/10
Cabrillo High School
Public,•9-12•1.3mi
Price History
Date
Event
Price
09/19/00
Sold
$245,000
02/01/99
Sold
$136,000
Condition Rating
Fair
Built in 1923, this property is over a century old. While the listing description states the 'interior of the property is in good condition,' the provided images of the exterior show significant signs of age and deferred maintenance, including peeling paint and worn stucco, aligning with the 'Exterior Renovation Required' weakness. The 'Historic Age' also suggests outdated systems (plumbing, electrical). The property requires substantial exterior updates and likely system modernizations, placing it in the 'Fair' category, as it's aged but has some level of interior upkeep, yet needs more than minor cosmetic fixes to meet current standards.
Pros & Cons
Pros
Multi-Unit Income Property: As a quadruplex with four distinct units (3/1, 2/1, 1/1, 1/1), this property offers significant rental income potential and diversification, making it an attractive investment.
Immediate Cash Flow: All units are currently rented, ensuring immediate and consistent cash flow for the new owner without any vacancy period.
Good Interior Condition: The interior of the property is described as being in good condition, which reduces the immediate need for costly renovations or upgrades to living spaces.
Excellent Accessibility: The property boasts strong accessibility, being close to public transportation and offering easy freeway access, which is highly desirable for tenants and commuters.
Desirable Location: Located in Long Beach, a city known for its strong rental market, and in proximity to multiple schools, including several well-rated elementary options.
Cons
Exterior Renovation Required: The property needs 'a little bit of TLC on the exterior,' indicating potential deferred maintenance or necessary investment to improve curb appeal and structural integrity.
Historic Age: Built in 1923, the property is over a century old, which may lead to higher ongoing maintenance costs, outdated systems (e.g., plumbing, electrical), and specific considerations for renovations.
Tenant-Occupied Sale: Being sold with existing tenants in place can complicate immediate owner-occupancy plans, limit flexibility for rent adjustments, or delay extensive renovations due to tenant rights and relocation processes.