1113 Pacific Avenue
1113 Pacific Avenue
$1,400,000
15
5
5,468
5,468
$256
Sold 7/19/22
Description
1113 Pacific Avenue presents an opportunity for a purchaser to follow the lead of the current ownership in a value-add apartment complex located in the Willmore District. With significant gross square footage available, rent increases and vacancies can result in a considerable improvement of income, and a new investor can follow this strategy to continue adding value, raise revenue and improve operating efficiency. The property has been operated as a 4 Unit for 20+ years, although is listed on the...1113 Pacific Avenue presents an opportunity for a purchaser to follow the lead of the current ownership in a value-add apartment complex located in the Willmore District. With significant gross square footage available, rent increases and vacancies can result in a considerable improvement of income, and a new investor can follow this strategy to continue adding value, raise revenue and improve operating efficiency. The property has been operated as a 4 Unit for 20+ years, although is listed on the assessor as a 5-Unit. Featuring: 4 Units Across 2 Structures; One 6 Bedroom + 2 Bathroom Ground Floor Unit, One 4 Bedroom +1 Bathroom Unit, One 3 Bedroom + 1 Bathroom House , One 2 Bedroom + 1 Bathroom Unit; 5,468 Gross Square Feet; Individually Metered For Electricity & Gas - House Pays Own Water; 4 Garage Spaces; LBCO Zoning; 7,447 SF Lot
- Listed by David Harrington • DRE #01320460 • Brokerage DRE #01469842 • Matthews Real Estate Investment Services
Property Details for 1113 Pacific Avenue
Zoning
LBCO
Parcel Number7272005011
Total Units4.0
Living Area5468
Source Living AreaVendor Enhanced
AreaDowntown Area, Alamitos Beach (4)
Vacancy Rate0
Lot Size Area7447
Location
LISTING UPDATED: 07/19/2022 04:14 PM
Property Details for 1113 Pacific Avenue
Status | Sold |
---|---|
MLS # | 22-155515 |
Days on Market | 30 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1907 |
Lot Size | 0.17 AC / 7,447 SF |
County | Los Angeles County |
Location
Building Information for 1113 Pacific Avenue
Stories2Residences-Year Built1907Building Size-Lot Size0.17 AC / 7,447 SF
Payment Calculator
$9,190 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1113 Pacific Avenue
Property History for 1113 Pacific Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1113 Pacific Avenue
Taxable ValueLand$850,000Additions$550,000Total$1,400,000
Tax Record2023$18,605 ($1,550 / month)
Home Facts
Total Finished SqFt5,468 SqFtAbove Grade Finished SqFt5,468 SqFtLot Size7,447 SqFtStyleMulti-Family Res (5+ Units)Year Built1907ZoningLBCOCountyLOS ANGELESAPN7272-005-011
Schools near 1113 Pacific Avenue
This home is within Long Beach Unified School District.
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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