tomo logo

$1,350,888

Beds
Unknown
sq ft
4,680

1021 Pacific Ave, Long Beach, CA 90813

1021 Pacific Ave

Long Beach, CA 90813

  • 29 days on market
Opportunity knocks!! This 6-unit complex, situated close to amenities, shopping, public transport, freeway access, and downtown Long Beach, is a prime investment. Two-story building features three 1-bedroom 1-bath units upstairs, and downstairs there are two 2-bedroom 1-bath units, plus one 3-bedroom 1-bath unit. One of the 1-bedroom units upstairs and one of the 2-bedroom unit downstairs are ready to be rented at market rates or could serve as an owner's unit. This is an excellent investment opportunity priced at less than $226,000 per unit. Don’t miss your opportunity to add this outstanding income property to your portfolio.

Details

Property type

Apartment

Lot size

7,453 sq ft

Price per sq ft

$289

Year built

1956

Price History

08/30/2024
CRMLS

CRMLS #PW24180867

Listed
$1,350,888

Schools & Community

Neighborhood: 

Willmore City

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Street Lights, Sidewalks

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Christopher B Turcotte

Loan start date

November 2012

Original loan amount

$112,631

Est. remaining balance

Not provided

Interest rate

3.4%

Loan type

Commercial

Seller

Daniel H Dahan

Lender

Union Bank Na

Loan start date

March 2011

Original loan amount

$403,000

Est. remaining balance

Not provided

Interest rate

4.74%

Loan type

Commercial

Seller

Daniel H Dahan and Debra Dahan

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 09/27/2024 at 5:25 PM

Listing updated: 08/30/2024 at 7:05 PM

Listed by: Steven Guthrie, Platinum Finance Properties Phone #: (714) 379-2370

MLS: CRMLS #PW24180867

CRMLS logo

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