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2231 Pacific Avenue Long Beach, CA 90806
- Commercial / Resale (MLS)
Property Details for 2231 Pacific Avenue, Long Beach, CA 90806
Features
- Price/sqft: $243
- Lot Size: 0.1516 acres
Facts
- Year Built: 01/01/1952
- Property ID: 894771568
- MLS Number: AR23212403
- Property Type: Commercial
- County: Los Angeles
Description
This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.
This listing is NOT a foreclosure. 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.
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