$1,099,000
2225 Pacific AVE Long Beach, CA 90806
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$1,099,000
Est. payment /mo
4,920 SqFt
UPDATED:
10/02/2024 05:06 PM
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 4,920 sqft
Price per Sqft $223
MLS Listing ID AR24040590
HOA Y/N No
Year Built 1952
Lot Size 6,603 Sqft
Property Description
Welcome to your next investment opportunity! 2225-2231 Pacific is a prime retail, office building in the Wrigley Village retail corridor offering 112 feet of frontage on walkable Pacific Avenue. Boasting a large rentable space of 4,920 square feet, your options are endless with a variety of allowed uses. The property has been in the same ownership for over 20 years. The space is currently built out with 3 suites and 6 parking spaces in a gated entry at the rear. This building is perfect for an Investor or an Owner User, a 1031 Exchange, or a SBA loan with 10% Down. Tons of upside potential here with steady changes in the area. You can benefit from tremendous value-add as all tenants are on month to month tenancy paying below market rents. The property originally had 4 suites but two suites have been converted into one larger suite (but can easily be converted back). Neighboring areas are Signal Hill, Wrigley Heights, and Downtown Long Beach. The property is also located in the MJ Hemp zone which allow tons of business opportunity and situated conveniently near the 405 and 710 freeways. Please check with the City of Long Beach for all zoning and usage.
Location
State CA
County Los Angeles
Area 5 - Wrigley Area
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Heating Central
Cooling Central Air
Fireplace No
Laundry None
Exterior
Present Use Commercial
Building
Lot Description 2-5 Units/Acre
Story 1
Water Public
Others
Tax ID 7205021023
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Special Listing Condition Standard
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Listed by Ray Kim • Real Brokerage Technologies, Inc • 858-888-1819
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