2369 Pacific, Long Beach, California 90806, Long Beach, 90806 - 0 bed, 0 bath
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Long Beach, California 90806
This Mixed-Use Income Property is a strategic asset listed at $1,399,999, reflecting a stable valuation near its $1,361,069 Fair Market Value. Featuring three residential units and two commercial retail spaces under Zoning CNP, the property offers immediate cash flow and a Condition Rating of 4. Investors can unlock significant upside via ADU conversion potential of the existing garages and leverage the rare 14 on-site parking spaces. Located near Lafayette Elementary, this high-demand Long Beach asset is an ideal acquisition for Buy-and-Hold Investors or Value-Add Specialists.
Property is moderate renovation needed.
Built in 1931, this mixed-use property is functional and currently income-producing, but it shows clear signs of aging infrastructure typical of its era. The listing's emphasis on 'value-add potential' and 'upside' indicates that the kitchens, bathrooms, and interior finishes are likely dated and have not undergone a comprehensive modern renovation. While maintained for occupancy, the property requires cosmetic updates and system modernizations to reach its full market potential.
This mixed-use property features a versatile combination of three residential units and two commercial retail spaces, providing a diversified and immediate cash-flow opportunity.
The existing four-car garage offers a prime opportunity for conversion into two additional ADUs, allowing investors to significantly increase density and monthly rental revenue.
With 14 on-site parking spaces, the property offers a rare and highly valuable amenity in the high-demand Long Beach area, benefiting both residential tenants and commercial clients.
Built in 1931, the property may require substantial ongoing maintenance or capital expenditures to modernize structural elements and utility systems.
The property is zoned for a high school with a low rating of 3, which may limit the appeal for long-term residential tenants with school-aged children.
Cash-Flow investment Opportunity in Long Beach. Located at 2369 Pacific Ave, this mixed-use property with future upside potential. Zoned CNP (Neighborhood Pedestrian-Oriented Commercial), the asset is ideal for investors seeking a versatile, income-producing property in a high-demand area. The property consists of multiple residential and commercial units. There are three 1-bedroom, 1-bath residential units. Each unit can collect $2,100 per month. Each of the Two commercial retail units can potentially collect $1,500 a month. Their are 4 garage parking spaces with the potential to be converted to two ADU's. The property features 14 on-site parking spaces and is conveniently located near schools, public transportation, and shopping centers, making it a compelling investment with immediate cash flow and long-term value-add potential.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 0.5 mi
Grades K-5 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,951 | 4,330 | 33% |
| Lot Size | 7,263 | 6,375 | 67% |
| Price | $1.40M | $1.40M | 50% |
| Price per sq ft | $474 | $221 | 67% |
| Built year | 1931 | 1936 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 106 | 106 | 67% |
Jan 6, 2026
$1,399,999
Initial Listing
Aug 11, 2020
$800,000
Public Record