1861 -1871 Pacific Avenue, Long Beach, California 90806, Long Beach, 90806 - 0 bed, 0 bath
Loading property details...
Long Beach, California 90806
This mixed-use property represents a High-Potential Investment Opportunity, listed at $1,785,000—positioned well below the $1,868,500 Fair Market Value by 4%. This valuation gap offers $83,500 in Instant Equity for the buyer. Featuring a Condition Rating of 2 with modern interior renovations, the asset includes two retail units and six multifamily units. Proximity to Lafayette Elementary (8/10) and major transit corridors ensures long-term demand. This is an ideal acquisition for Buy-and-Hold Investors or Commercial Developers seeking a stabilized, income-generating asset.
Property is new construction or fully renovated.
While originally built in 1929, the property has undergone a comprehensive modern renovation within the last 5 years. Interior photos show a mint-condition kitchen with contemporary two-tone cabinetry, stainless steel appliances, and quartz countertops. New laminate flooring, updated lighting, and fresh paint throughout indicate the property is in move-in condition with no immediate maintenance required.
The mixed-use configuration of two retail units and six residential units offers a versatile investment portfolio, balancing commercial visibility with steady multifamily rental income.
Ideally situated just one minute from Pacific Coast Highway and ten minutes from the beach, the property benefits from high foot traffic for businesses and desirable lifestyle proximity for tenants.
The property is located near well-rated schools, including Lafayette Elementary (8/10) and Polytechnic High (6/10), enhancing its long-term appeal for residential families.
Built in 1929, the property likely requires significant capital expenditure for modernizing structural systems, plumbing, and electrical to meet current standards.
The current list price of $1.785M represents a substantial decrease from its 2023 sale price of $2.195M, suggesting potential underlying issues or a sharp correction in local market demand.
Prime mixed-use property for sale in Long Beach! This versatile investment opportunity features two retail units in the front, perfect for businesses seeking high visibility and foot traffic. The rear of the property boasts six multifamily units, offering a blend of convenience and comfort for tenants. Located ten minutes from the beach and one minute from Pacific Coast Highway, this property ensures easy access to local attractions, dining, and shopping. This property presents a unique investment opportunity, combining commercial and residential potential in one of Long Beach's most sought-after locations.
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 | 6,267 | 3,223 |
| Lot Size | 8,002 | 5,410.5 |
| Price | $1.70M | $1.78M |
| Price per sq ft | $271 | $377 |
| Built year | 1929 | 1923 |
| HOA | $0 | $0 |
| Days on market | 26 | 108 |
Jul 14, 2026
$1,699,000
$1,785,000
-5% Price Drop
Initial Listing
Jun 26, 2026
$1,785,000
Initial Listing
Dec 13, 2023
$2,195,000
Public Record
Jan 5, 2022
$1,100,000
Public Record