2225 2231 Pacific Avenue, Long Beach, CA 90806
- $1,199,000
- List Price
- $1,199,000
- Status
- ACTIVE
- MLS#
- AR23212403
- Year Built
- 1952
- Lot Size
- 6,602
- Acres
- 0.15
- Lot Location
- Item25UnitsAcre
- Days on Market
- 20
- Property Type
- Commercial
- Property Sub Type
- Office
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 suite 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.
Additional Information
- Heat
- Central
- Cooling
- Yes
- Cooling Description
- Central Air, Dual
- Water
- Public
- Attached Structure
- Detached
Listing courtesy of Listing Agent: Yumi Kim (yumikimhomes@gmail.com) from Listing Office: Century 21 Cristal Cellar.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.