939 Pacific Ave

Long Beach, CA 90813

$3,375,000
Last Sold Price
—
Beds
—
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Sold 10/21/19
Sold 10/21/19

Description

Turnkey non-rent controlled apartment complex comprised of 13 spacious (1 Bed + 1 Bath) units averaging 600 SF each located in vibrant Downtown Long Beach. Current ownership has remodeled 100% of the unit interiors with high end modern finishes and fixtures, all of which were permitted through the City of Long Beach. The majority of units are now leasing for $1595 enabling a Buyer to capture a 5.32% Cap Rate by leveling rents. The Downtown area has become one of the most soft after sub-markets in...Turnkey non-rent controlled apartment complex comprised of 13 spacious (1 Bed + 1 Bath) units averaging 600 SF each located in vibrant Downtown Long Beach. Current ownership has remodeled 100% of the unit interiors with high end modern finishes and fixtures, all of which were permitted through the City of Long Beach. The majority of units are now leasing for $1595 enabling a Buyer to capture a 5.32% Cap Rate by leveling rents. The Downtown area has become one of the most soft after sub-markets in Greater Los Angeles for institutional capital due to its coastal location and business friendly climate, which has led to significant rent growth and high occupancy levels over the past few years. There are (6) on-site garages renting for $150/mth each, a common laundry facility and a beautifully landscaped courtyard including a permitted stainless steel BBQ for tenants to enjoy.
  1. Listed by Andrew McAllister • Nationwide Real Estate Execs

Property Details for 939 Pacific Avenue

Neighborhood
Downtown (DT)
City Postal ID
LONG BEACH (90813)
LISTING UPDATED: 02/18/2020 12:56 PM

Property Details for 939 Pacific Avenue

StatusSold
MLS #RS19125039
Days on Market121
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type2-4 Units
Year Built1959
Lot Size0.17 AC / 7,505 SF
CountyLos Angeles County
Get preapproved with Rocket Mortgage1

Location

Listing Courtesy of Nationwide Real Estate Execs, Andrew McAllister

Sold By The Realestate Group, Cris Molles

Add your commute

Building Information for 939 Pacific Avenue

Stories-Residences-Year Built1959Building Size-Lot Size0.17 AC / 7,505 SF

Payment Calculator

Get preapproved with
OriginPoint Mortgage or Rocket Mortgage1

$20,566 per month

30 year fixed, 6.15% Interest

Principal and Interest

$16,449

Property Taxes

$4,117

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 939 Pacific Avenue

Summary Information
Property and Location
  • System ID: 301761233
  • Class: 2-4 UNITS
  • Levels: 2 Story
  • Year Built: 1959
  • Street Number Numeric: 939
  • Street Name: Pacific Avenue
  • Directions To Property: 10th Street & Pacific
HOA and Fees
  • Home Owner Fees: $0
Supplement
  • Supplement: Turnkey non-rent controlled apartment complex comprised of 13 spacious (1 Bed + 1 Bath) units averaging 600 SF each located in vibrant Downtown Long Beach. Current ownership has remodeled 100% of the unit interiors with high end modern finishes and fixtures, all of which were permitted through the City of Long Beach. The majority of units are now leasing for $1595 enabling a Buyer to capture a 5.32% Cap Rate by leveling rents. The Downtown area has become one of the most soft after sub-markets in Greater Los Angeles for institutional capital due to its coastal location and business friendly climate, which has led to significant rent growth and high occupancy levels over the past few years. There are (6) on-site garages renting for $150/mth each, a common laundry facility and a beautifully landscaped courtyard including a permitted stainless steel BBQ for tenants to enjoy.
Interior and Exterior Features
Exterior Features
  • Roof: Composition
  • Pool: N/K
Property Information
Property and Assessments
  • Entry Only: No
  • Lot Size: 7,500-10,889 SF
  • Lot Size Source: Assessor Record
  • Topography: Level
  • Site: Curbs, Sidewalks
  • Zoning: LBCO
  • Assessments: Yes/Remarks
  • Assessors Parcel Num: 7272012009
Utilities
  • Water: Meter on Property
Multi Family Information
Unit 1
  • Parking Garage Unit 1: Assigned

Property History for 939 Pacific Avenue

DateEvent & SourcePriceAppreciation
Dec 16, 2025

Withdrawn / Cancelled

CRMLS #SB25149498

$2,875,000—
Dec 16, 2025

Withdrawn / Cancelled

CLAW #SB25149498MR

—
Dec 16, 2025

Withdrawn / Cancelled

SDMLS #SB25149498

$2,875,000—
Nov 5, 2025

Price Change

CLAW #SB25149498MR

$2,875,000—
Sep 17, 2025

Price Change

CLAW #SB25149498MR

$2,945,000—
Sep 17, 2025

Price Change

CRMLS #SB25149498

$2,945,000—
Sep 16, 2025

Price Change

SDMLS #SB25149498

$2,945,000—
Jul 7, 2025

Listed (Active)

CRMLS #SB25149498

$3,000,000—
Jul 7, 2025

Listed (Active)

SDMLS #SB25149498

$3,000,000—
Jul 7, 2025

Listed (Active)

CLAW #SB25149498MR

$3,000,000—
Oct 21, 2019

Sold

SDMLS #RS19125039

$3,375,000—
Aug 27, 2019

Sold (Public Record)

Public Record #655090165

$3,375,000

+25.4% / yr

May 29, 2019

Listed (Active)

SDMLS #RS19125039

$3,495,000—
May 25, 2017

Sold (Public Record)

Public Record #602415522

$2,025,000—
DateEvent & SourcePrice
12/16/2025

Withdrawn / Cancelled

CRMLS #SB25149498

$2,875,000
12/16/2025

Withdrawn / Cancelled

CLAW #SB25149498MR

—
12/16/2025

Withdrawn / Cancelled

SDMLS #SB25149498

$2,875,000
11/05/2025

Price Change

CLAW #SB25149498MR

$2,875,000
09/17/2025

Price Change

CLAW #SB25149498MR

$2,945,000
09/17/2025

Price Change

CRMLS #SB25149498

$2,945,000
09/16/2025

Price Change

SDMLS #SB25149498

$2,945,000
07/07/2025

Listed (Active)

CRMLS #SB25149498

$3,000,000
07/07/2025

Listed (Active)

SDMLS #SB25149498

$3,000,000
07/07/2025

Listed (Active)

CLAW #SB25149498MR

$3,000,000
10/21/2019

Sold

SDMLS #RS19125039

$3,375,000
08/27/2019

Sold (Public Record)

Public Record #655090165

$3,375,000

+25.4% / yr

05/29/2019

Listed (Active)

SDMLS #RS19125039

$3,495,000
05/25/2017

Sold (Public Record)

Public Record #602415522

$2,025,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 939 Pacific Avenue

Taxable ValueLand$2,395,082Additions$1,297,328Total$3,692,410
Tax Record2025$49,403 ($4,117 / month)
Home Facts
Total Finished SqFt7,836 SqFtAbove Grade Finished SqFt7,836 SqFtLot Size7,504 SqFtStyleMulti-Family Res (5+ Units)Year Built1959ZoningLBCOCountyLOS ANGELESAPN7272-012-009

Schools near 939 Pacific Avenue

This home is within Long Beach Unified School District.
Rating
School
Type
Grades
Distance
International Elementary School
Public - K to 5
Washington Middle School
Public - 6 to 8
Cabrillo High School
Public - 9 to 12
Renaissance High School For The Arts
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.

Similar Homes

Similar Sold Homes

Explore Nearby Homes

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, Inc., its subsidiaries, affiliates and their agents and associated third parties 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 Nationwide Real Estate Execs, Andrew McAllister

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.