1856 Pacific Avenue, Long Beach, California 90806, Long Beach, 90806 - 0 bed, 0 bath
Loading property details...
1856 Pacific Avenue
Long Beach, California 90806
ACTIVE
CONDITION: FAIR
0Beds
0Baths
6,246Sq Ft
6,714Lot Size
Property Price
LIST PRICE$1,950,000
EST. MARKET VALUE
$1,593,413
22% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $1,950,000—positioned well above the $1,593,414 Fair Market Value by -22%. Featuring a Mixed-Use Configuration with 2 storefronts and 7 apartments, this asset offers significant income-generating potential. While the Condition Rating of 4 suggests a need for modernization of aging systems, the location near Top-Rated Schools like Lafayette Elementary adds long-term stability. This is a strategic acquisition ideal for Buy-and-Hold Investors or Owner-Occupants seeking to offset business overhead with residential rental income.
Estimated Market Value
$1,593,413
Based on Realkey algorithm analyzing recent comparable sales in Long Beach.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1856 Pacific Avenue Subject | $1,950,000* List Price | 0 | 0 | 6,246 | $255 | - |
A 2015 Cedar Ave Sold | $1,600,000 | 0 | 0 | 7,226 | $221 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
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.
PROSSTRENGTHS & OPPORTUNITIES
- Versatile Mixed-Use Configuration
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.
- Strategic Urban Location
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.
- Proximity to Quality Education
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.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Built in 1961, the property may require substantial capital improvements or modernization of major systems to remain competitive and meet current building standards.
- High Investment Entry Point
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.
About 1856 Pacific Avenue
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.
Property Details
Public Facts
- Property Type
- Mixed Use
- Year Built
- 1961
- Lot Size
- 6,714 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Long Beach Unified Schools
Burnett Elementary School
Grades K-5 • 0.6 mi
5/10
Lafayette Elementary School
Grades K-5 • 0.7 mi
8/10
Birney Elementary School
Grades K-5 • 1.5 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 2.0 |
| Baths | 0.0 | 1.0 |
| Square foot | 6,246 | 3,749.222 |
| Lot Size | 6,714 | 5,654.444 |
| Price | $1.95M | $1.44M |
| Price per sq ft | $312 | $381 |
| Built year | 1961 | 1928 |
| HOA | $0 | $0 |
| Days on market | 113 | 92 |
Pricing History
Listed for Sale
Aug 15, 2026
$1,950,000
$2,100,000
-7% Price Drop
Initial Listing
Price Change
May 19, 2026
$2,100,000
Initial Listing
Sold
Apr 1, 1998
$10,000
Public Record