939 Pacific Ave

Long Beach, CA 90813

$2,875,000
Price
2
Beds
13
Baths
7,836 Sq. Ft.
$367 / Sq. Ft.
7,836
Sq. Ft.
$367
per Sq. Ft.

Description

We are pleased to present 939 Pacific Avenue, a fully renovated thirteen-unit apartment complex located just outside the historic Drake Park/Willmore City neighborhood in Downtown Long Beach. Situated less than a block from the K-9 Corner Dog Park and a short bike ride to The Promenade and City Place Shopping Center, this property benefits from the continued revitalization of the Downtown Long Beach corridor. Tenants enjoy walkable access to retail, dining, entertainment, and major employment centers,...We are pleased to present 939 Pacific Avenue, a fully renovated thirteen-unit apartment complex located just outside the historic Drake Park/Willmore City neighborhood in Downtown Long Beach. Situated less than a block from the K-9 Corner Dog Park and a short bike ride to The Promenade and City Place Shopping Center, this property benefits from the continued revitalization of the Downtown Long Beach corridor. Tenants enjoy walkable access to retail, dining, entertainment, and major employment centers, along with excellent transit connectivity and a Walk Score of 93. The property consists of thirteen (13) spacious 1-bedroom/1-bathroom units, each averaging approximately 600 square feet. All units were fully remodeled in 2018–2019 with high-end finishes including quartz countertops, real wood shaker cabinetry, recessed lighting, stainless steel appliances, ceramic tile in wet areas, and new flooring. Exterior improvements during the same period included new dual-pane vinyl windows, fencing and gates, drought-tolerant landscaping, garage doors with openers, upgraded lighting, and a permitted outdoor BBQ area. In 2023, all HVAC units were replaced or repaired as needed and the main electrical panel was upgraded — demonstrating pride of ownership and a commitment to ongoing maintenance. Additional features include a coin-operated laundry room that generates supplemental income and a storage room that is currently unused, offering potential for added income or repurposing. The property also includes six (6) on-site garages, one of which is currently available to be rented for additional income or potentially converted to ADUs (buyer to verify). One unit is currently move-in ready, offering immediate upside through lease-up at market rent. Priced at a 6.01% cap rate, 939 Pacific Avenue offers investors a well-maintained, turn-key asset in one of Long Beach’s most supply-constrained and appreciating coastal submarkets.

Property Details for 939 Pacific Avenue

Parking Spaces Total
6
Private Pool
No
Total Units
13.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
7836
Assessor Parcel Number
7272-012-009
Property Attached YN
false
LISTING UPDATED: 11/05/2025 08:20 AM

Property Details for 939 Pacific Avenue

StatusActive
MLS #SB25149498
Days on Market158
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Res Income 2-4 Units
Year Built1959
CountyLos Angeles County

Location

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Christopher Van Vuuren, DRE #02060007; The Realestate Group, Cris Molles, DRE #01345419
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Building Information for 939 Pacific Avenue

Building/Complex939 Pacific AveFloor-Stories2Residences-Pet Policy-Pet Policy Details-Year Built1959Building Size-

Payment Calculator

$18,323 per month

30 year fixed, 6.28% Interest

Principal and Interest

$14,206

Property Taxes

$4,117

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 939 Pacific Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $270,600
  • Gross Scheduled Income: $270,600
  • Vacancy Allowance: 7862
  • Net Operating Income: $172,757
  • Number Of Rented Garages: 4
  • Other Income 1: $8,520
Expense Details
  • Operating Expense: $89,981
  • New Taxes Expense: $38,028
  • Fuel Expense: $2,727
  • Electric Expense: $2,727
  • Insurance Expense: $10,576
  • Maintenance Expense: $9,750
  • Professional Management Expense: $13,137
  • Other Expense: $7,582
  • Other Expense Description: misc
  • Trash Expense: $2,727
  • Water Sewer Expense: $2,727
  • Total Expenses: $89,981
Tax / Assessment Info
  • Tax Block: 10
  • Tax Tract Number: 11934
  • Tax Census Tract: 5758.03
  • CFD/Mello-Roos Fee: $2,302
  • Tax Lot: 2
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
Exterior Features
  • Entry Location: walk-up
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Pool Heat: N/K
Land/Lot Info
  • Lot Features: Lot 6500-9999
  • Number Of Units: 13
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 6
  • Parking Garage Spaces: 6
  • Carport Spaces: 0
Property / Structure Info
  • Builders Tract Name: Other
  • Builders Tract Code: Other (OTHR)
  • Residential Styles: Res Income 2-4 Units
Unit Information
Unit 1
  • Unit Type Units Total: 12
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,666
  • Unit Type Total Rent: $19,990
  • Unit Type Pro Forma: 22200
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,850
  • Unit Type Total Rent: $1,850
  • Unit Type Pro Forma: 1850
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 14
  • Number Of Separate Gas Meters: 14
  • Number Of Separate Water Meters: 1

Property History for 939 Pacific Avenue

DateEvent & SourcePriceAppreciation
Nov 5, 2025

Price Change

CLAW #SB25149498MR

$2,875,000—
Nov 5, 2025

Price Change

CRMLS #SB25149498

$2,875,000—
Nov 4, 2025

Price Change

SDMLS #SB25149498

$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)

CLAW #SB25149498MR

$3,000,000—
Jul 7, 2025

Listed (Active)

CRMLS #SB25149498

$3,000,000—
Jul 7, 2025

Listed (Active)

SDMLS #SB25149498

$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
11/05/2025

Price Change

CLAW #SB25149498MR

$2,875,000
11/05/2025

Price Change

CRMLS #SB25149498

$2,875,000
11/04/2025

Price Change

SDMLS #SB25149498

$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)

CLAW #SB25149498MR

$3,000,000
07/07/2025

Listed (Active)

CRMLS #SB25149498

$3,000,000
07/07/2025

Listed (Active)

SDMLS #SB25149498

$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.

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More information about 939 Pacific Avenue, Long Beach, CA 90813

939 Pacific Avenue is a multi-family home for sale in Long Beach, CA 90813. This property was listed for sale on July 7, 2025 by Lyon Stahl Investment Real Estate, Inc., it's currently listed at $2,875,000. It has been on the market for a total of 158 days and was last sold on October 21, 2019. This listing's school district is Long Beach Unified School District. Nearby schools include International Elementary School, Washington Middle School and Cabrillo High School. 939 Pacific Avenue is a 2-bed, 13-bath, 7,836 sqft multi-family home built in 1959.

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 Lyon Stahl Investment Real Estate, Inc., Christopher Van Vuuren, DRE #02060007; The Realestate Group, Cris Molles, DRE #01345419

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.