620 Pacific Avenue 3, Long Beach, California 90802, Long Beach, 90802 - 0 bed, 0 bath
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Long Beach, California 90802
This Mixed-Use Triplex Asset is listed at $1,050,000, aligning closely with its $1,037,236 Fair Market Value. While currently utilized as a transitional facility, the property offers significant Value-Add potential through its flexible Mixed-Use Zoning and the rare advantage of Vacant Delivery. With a Condition Rating of 4, the interior requires modernization to capture top-tier market rents in the high-demand Downtown Long Beach area. Its prime location just 0.15 miles from the International Elementary School (Rating 7) ensures long-term rental stability. This is a strategic acquisition for Buy-and-Hold Investors or Value-Add Developers seeking a versatile coastal portfolio addition.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 620 Pacific Avenue 3 Subject | $1,050,000* List Price | 0 | 0 | 1,981 | $524 | - |
A 440 N Zona Court Sold | $945,000 | 0 | 0 | 1,846 | $512 | 0.8 mi |
B 643 Elm Avenue Active Under Contract | $895,000 List Price | 0 | 0 | 2,304 | $388 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1953 and currently utilized as a transitional living facility, the property is functional but shows significant signs of age and wear. The kitchen and interior spaces feature dated cabinetry, older white appliances, and basic finishes that have not been substantially modernized. While the units are habitable and currently occupied, the property requires updates to its fixtures, flooring, and systems to meet current market standards for residential or commercial use.
The property features flexible mixed-use zoning, allowing the front unit to serve as a commercial office, which provides diverse income streams and appeals to a wider range of investors.
The ability to deliver all units vacant is a significant advantage in the California market, allowing new owners to immediately renovate or re-tenant at current market rates without relocation complications.
Situated in the high-demand Downtown Long Beach area, the property boasts excellent walkability and is located just 0.15 miles from International Elementary School, enhancing its rental appeal.
With a 1,981 sqft building on a 2,001 sqft lot, there is virtually no outdoor space or private parking, which may limit the pool of long-term residential tenants.
Built in 1953 and currently used as a transitional living home, the property likely requires significant capital improvements to modernize the interior and achieve top-tier market rents.
620 PACIFIC AVE. IS CURRENTLY RENTED AS A TRANSITIONAL LIVING HOME. ALL UNITS CAN BE DELIVERED VACANT. MIXED USE ZONING. FRONT UNIT COULD BE A COMMERICAL OFFICE.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 0.4 mi
Grades K-5 • 0.6 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 | 1,981 | 2,765 | 33% |
| Lot Size | 2,001 | 4,450 | 7% |
| Price | $1.05M | $1.10M | 40% |
| Price per sq ft | $530 | $487 | 60% |
| Built year | 1953 | 1923 | 87% |
| HOA | $0 | $0 | 50% |
| Days on market | 261 | 195 | 87% |
Feb 26, 2026
$1,050,000
$1,100,000
-5% Price Drop
Initial Listing
Dec 21, 2025
$1,100,000
$1,249,000
-12% Price Drop
Initial Listing
Aug 4, 2025
$1,249,000
Initial Listing
Jun 7, 2004
$325,000
Public Record