USACALong BeachWrigley Area (Wr)1950 Pacific Ave
Listing image | Image 1
Coming Soon

1950 Pacific Ave, Long Beach, CA

Condo

Coming Soon

Listed price in listed location currency (USD).
$2,300,000

003

MLS® SB26144665

  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Residential Income
Size -
Garage Yes
HOA Fees 
Taxes 
Approx. Age 1962
MLS® Number SB26144665

Property Address: 1950 Pacific Ave, Long Beach, CA, 90806-5360

Average square foot calculated using Size range provided by listing agent.

Description

1950 Pacific Ave presents a rare VALUE ADD Opportunity to acquire an 11-unit multifamily asset in Long Beach with strong in-place cash flow and two newly constructed ADUs already completed. The property features a desirable unit mix consisting of 1-bedroom and 2-bedroom units, including the two new ADUs, giving investors a clean combination of existing income, newer added rental units, and continued upside in rents. Built in 1962, the property totals approximately 6, 733 square feet of building area on an approximately 8, 591 square foot lot. Current scheduled rents total approximately $19, 559 per month, or $234, 712 annually, with market rents projected at approximately $21, 940 per month before additional garage income, bringing total annualized market income to approximately $270, 480. At the asking price of $2, 300, 000, the property is priced at approximately $209K per unit and $267 per net rentable square foot. The asset currently operates at a 9.80 GRM and 7.03% cap rate, with the ability to move toward an 8.50 GRM and 8.54% cap rate at market rents. The offering provides investors with strong current income, two newly built ADUs, and a clear path for additional rent growth in a central Long Beach location. With multiple units still below market and the ADU income already in place, 1950 Pacific Ave offers a compelling value-add opportunity with both immediate cash flow and long-term upside.
MLS® NumberSB26144665
Locker
Ensuite Laundry
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageYes
Approx. Age1962
Stories2
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C

Extras

Price History

Aug 1, 2026End Date
-Sold Price

Coming Soon

Jul 2, 2026List Date
$2,300,000List Price
  • Commute

Commute

Starting Address
Destination Address
1950 Pacific Ave, Long Beach, CA

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