$1,099,000
2225 Pacific Avenue, Long Beach 90806
6,602
Lot Size
Listing Agent
Ray Kim - Real Brokerage Technologies, IncWelcome 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.
Facts & Features
MLS® # | AR24040590 |
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Price | $1,099,000 |
Bathrooms | 0.00 |
Lot Size | 6,602 |
Year Built | 1952 |
Type | Commercial Sale |
Sub-Type | Office |
Status | Active |
Community Information
Address | 2225 Pacific Avenue |
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Area | 5 - Wrigley Area |
City | Long Beach |
County | Los Angeles |
Zip Code | 90806 |
Amenities
Is Waterfront | No |
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Has Pool | No |
Interior
Heating | Central |
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Cooling | Central Air |
Has Basement | No |
Fireplace | No |
# of Stories | 1 |
Exterior
Lot Description | 2-5 Units/Acre |
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Additional Information
Date Listed | February 14th, 2024 |
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Days on Market | 67 |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Agent | Ray Kim |
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Office | Real Brokerage Technologies, Inc |