1856 Pacific Avenue, Long Beach, California 90806, Long Beach, 90806 - 0 bed, 0 bath
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Long Beach, California 90806
Analysis of 1856 Pacific Avenue, Long Beach, California 90806 is currently available with a list price of $2,100,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Long Beach Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
Built in 1961, the property is over 60 years old. While interior photos show some mid-range updates such as newer laminate flooring, stone countertops, and modern ceiling fans (likely 5-15 years old), the exterior, flat roof, and visible window AC units indicate dated systems and a need for ongoing maintenance and modernization of the building's envelope.
The property features a unique combination of 2 commercial storefronts and 7 residential units, providing an ideal opportunity for an owner-user to operate a business while generating significant passive income.
Situated in the Wrigley Area of Long Beach, the property offers excellent visibility and accessibility, being conveniently located near public transportation, restaurants, and established local businesses.
The asset is served by well-rated schools, including Lafayette Elementary (Rating 8) and Polytechnic High School, which enhances the long-term desirability and retention of residential tenants.
Built in 1961, the property may require substantial capital improvements or modernization of major systems to remain competitive and meet current building standards.
At a list price of $2.1 million for a mid-century building, the price per unit may present a challenge for investors seeking high immediate yields without further renovation or repositioning.
This is a 9 units property consisting of 2 stores front and 7 units apartment in the back perfect for small business owner who want to own their own store without having to pay rent on their own business and have additional income from the apartments. close to public transportation, restaurants, other businesses.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades K-5 • 0.7 mi
Grades K-5 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 2.0 |
| Baths | 0.0 | 1.0 |
| Square foot | 6,246 | 3,223 |
| Lot Size | 6,714 | 5,410.5 |
| Price | $2.10M | $1.78M |
| Price per sq ft | $336 | $377 |
| Built year | 1961 | 1923 |
| HOA | $0 | $0 |
| Days on market | 64 | 108 |
May 19, 2026
$2,100,000
Initial Listing
Apr 1, 1998
$10,000
Public Record