1151 Pacific Ave
Description
1151 Pacific Avenue is located in the Willmore neighborhood, offering tenants easy access to retail (WalkScore: 89), the Metro Blue Line, Downtown...1151 Pacific Avenue is a fourplex in Long Beach, California. The property is a 1978 construction with spacious floor plans and a highly desirable mix of three two-bed/two-bath units and one three-bed/two-bath unit. The property also offers on-site laundry, a two-car garage in the front, and four single-car garages in the rear with tandem driveway parking.
1151 Pacific Avenue is located in the Willmore neighborhood, offering tenants easy access to retail (WalkScore: 89), the Metro Blue Line, Downtown Long Beach, and the 710 Freeway. Current rents offer a new investor 10 percent rental upside.
1151 Pacific Avenue is offered as part of a Long Beach portfolio sale along with 2032 Pine Avenue, an eight-unit complex, and 1209 Olive Avenue, a six-unit building. Properties available separately or together.
- Listed by Steven Bogoyevac • DRE #01332755 • Brokerage DRE #01332755 • Steven M. Bogoyevac, Broker • steve.bogoyevac@marcusmillichap.com
Property Details for 1151 Pacific Avenue
Property Details for 1151 Pacific Avenue
| Status | Active |
|---|---|
| MLS # | PW25075583 |
| Days on Market | 249 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1978 |
| Lot Size | 0.17 AC / 7,492 SF |
| County | Los Angeles County |
Location
Building Information for 1151 Pacific Avenue
Payment Calculator
$8,276 per month
30 year fixed, 6.28% Interest
$7,086
$1,190
$0
Property Information for 1151 Pacific Avenue
- Gross Income: $0
- Gross Scheduled Income: $122,930
- Net Operating Income: $93,096
- Cap Rate: 6.49
- Operating Expense: $28,547
- Fuel Expense: $0
- Electric Expense: $0
- Insurance Expense: $0
- Trash Expense: $0
- Water Sewer Expense: $0
- Total Expenses: $0
- Tax Block: 4
- Tax Tract Number: n/a
- Tax Census Tract: 5758.03
- CFD/Mello-Roos Fee: $1,025
- Tax Lot: 4
- Community Features: Suburban
- Laundry: Yes
- Laundry Features: Community
- Entry Location: 1
- Pool Features: None
- Pool Description: None
- Pool: N/K
- Pool Heat: N/K
- Lot Features: Rectangular Lot
- Number Of Units: 4
- Land Lease: No
- Land Lease Type: Fee
- Water: Public
- Sewer: Public Sewer
- Water Source: Public
- Garage Spaces: 6
- Uncovered Spaces: 2
- Open Other Spaces Total: 2
- Parking Garage Spaces: 6
- Carport Spaces: 0
- Builders Tract Name: Other
- Builders Tract Code: Other (OTHR)
- Residential Styles: Res Income 2-4 Units
- Unit Type Units Total: 1
- Unit Type Beds Total: 3
- Unit Type Baths Total: 2
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Actual Rent: $3,049
- Unit Type Total Rent: $3,049
- Unit Type Pro Forma: 3050
- Unit Type Type: 1
- Unit Type Units Total: 3
- Unit Type Beds Total: 2
- Unit Type Baths Total: 2
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Actual Rent: $2,398
- Unit Type Total Rent: $7,195
- Unit Type Pro Forma: 2750
- Unit Type Type: 2
- Rent Controlled: Yes
- Number Of Buildings: 1
- Number Of Separate Electric Meters: 4
- Number Of Separate Gas Meters: 4
- Number Of Separate Water Meters: 0
Property History for 1151 Pacific Avenue
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Apr 7, 2025 | Listed (Active) SDMLS #PW25075583 | $1,434,000 | — |
| Apr 7, 2025 | Listed (Active) CLAW #PW25075583MR | $1,434,000 | — |
| Apr 7, 2025 | Listed (Active) CRMLS #PW25075583 | $1,434,000 | — |
| Dec 11, 2018 | Sold (Public Record) Public Record #637634640 | $930,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 04/07/2025 | Listed (Active) SDMLS #PW25075583 | $1,434,000 |
| 04/07/2025 | Listed (Active) CLAW #PW25075583MR | $1,434,000 |
| 04/07/2025 | Listed (Active) CRMLS #PW25075583 | $1,434,000 |
| 12/11/2018 | Sold (Public Record) Public Record #637634640 | $930,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1151 Pacific Avenue
Schools near 1151 Pacific Avenue
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
International Elementary School PublicK to 5 | ||
Washington Middle School Public6 to 8 | ||
Cabrillo High School Public9 to 12 | ||
Renaissance High School For The Arts Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Steven M. Bogoyevac, Broker, Steven Bogoyevac, DRE #01332755
Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.