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2225 Pacific Ave Long Beach, CA, 90806
$1,099,000 Commercial for sale Office
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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Property details
4,920 sqft interior area
Land area
6,602 sqft (0.15 acres)
Days on Verhouse
75
Address
2225 Pacific Ave, Long Beach, CA, 90806
City of California
Long Beach
County
Los Angeles
Year Built
1952
District
Listing
Nearby major retailers
Costco
Lowe's
T-Mobile
Trader Joe's
Albertsons
Mercedes-Benz
ALDI
Toyota
Walmart Supercenter
Wholesale: 2
Do it yourself: 1
Mobile phone: 2
Supermarket: 6
Car: 1
Car repair: 1
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Listed by
Ray Kim, Real Brokerage Technologies, Inc
Name
Ray Kim
License number
01803155
Brokerage company
Real Brokerage Technologies, Inc
MLS #
CRAR24040590
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Calculate your monthly payments
Mortgage
$3,375
Taxes
$0
HOA dues
$0
Mortgage
$219,800 / 20%
2.28%
30 years
Your amount
$3,375 / month
Lot details
TMK #7205021023
Parcel nr.
7205021023
90806 info
Essentials nearby
Neighborhood stats
Walkability
Coffee shops
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no data
Bus stop
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no data
Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
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no data
Beach
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no data
Elementary school
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no data
Middle school
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no data
High school
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no data
Local airport
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no data
People living in 90806
45%
Families with children
National average: 39%
46%
Non family households
357,368
Population
$84,412
Average Income
Age & gender
Median age 35 years
More info
Commute types
79% commute by car
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Education level
20% have not graduated education
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Number of employees
2% work in management
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Vehicles available
47% have 1 vehicle
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Vehicles by gender
47% have 1 vehicle
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Housing market insights for
$831.7k
Neighborhood average
sales price*
sales price*
$655.25k
Neighborhood median
sales price*
sales price*
558
Number
of sales*
of sales*
Housing type
31% are small apartments
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Rooms
39% of the houses have 4 or 5 rooms
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Bedrooms
47% have 2 or 3 bedrooms
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Owners vs Renters
70% are renters
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14.17 / 20
Above Average
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
Price history
New Listing Feb 28, 2024
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Feb 28, 2024 | New Listing | $1,099,000 -8.34% | 0 | MLS #CRAR24040590 |
| Feb 24, 2024 | Withdrawn | $1,199,000 | 0 | MLS #CRAR23212403 |
| Nov 16, 2023 | New Listing | $1,199,000 | 0 | MLS #CRAR23212403 |
Similar commercial for sale
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Frequently Asked Questions about 2225 Pacific Ave
What is 2225 Pacific Ave?
2225 Pacific Ave is a Commercial/Industrial propertywith 4,920 sqft interior space.
What is the rental income?
-
What is the full address of this Commercial?
2225 Pacific Ave, Long Beach, CA, 90806.
What comparable properties are nearby?
Comparable nearby commercial properties include 2256 Pacific Ave, 2161 Locust Ave, 2035 Pacific Ave, 1941 Atlantic Ave, Long Beach, 1135 Linden Ave.
Based on information from the bridgeMLS as of 05-12-2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing last updated on: May 10, 2024
Verhouse Last checked 4 minutes ago
The closest grocery stores are Albertsons, 0.56 miles away and Superior Grocery, 1.24 miles away.
The 90806 zip area has a population of 357,368, and 45% of the families have children. The median age is 35.07 years and 79% commute by car. The most popular housing type is "small apartment" and 70% is renter.
