Home | Los Angeles County | Long Beach | 90806 | 1950 Pacific
MLS: CRSB26144665 | Status: | Price: $2,300,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 6,735 | 1962 |
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 alr
| Field | Value |
|---|---|
| MLS # | CRSB26144665 |
| MLS Source | California Regional MLS |
| Days on Site | 7 |
| Feature | Details |
|---|---|
| Laundry | None |
| Feature | Details |
|---|---|
| Garage/Parking | Garage: 3 Car(s) |
Cameron Samimi
Lyon Stahl Investment Real Estate, Inc.
License #: 02035763
Phone: (310) 259-7556
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | – |
School data provided by GreatSchools.org
| School | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Webster Elementary School | public | K-5 | 0.24 mi | 4 |
| Muir K-8 | public | K-8 | 0.73 mi | 6 |
| Stephens Middle School | public | 6-8 | 0.75 mi | 8 |
| Rancho Dominguez Preparatory | public | 6-12 | 1.02 mi | 4 |
| Dominguez Elementary School | public | K-5 | 1.19 mi | 8 |
| Birney Elementary School | public | K-5 | 1.25 mi | 6 |
| Los Cerritos Elementary School | public | K-5 | 1.29 mi | 8 |
| Hudson K-8 | public | K-5 | 1.39 mi | 6 |
| Garfield Elementary School | public | K-5 | 1.57 mi | 5 |
| Del Amo Elementary School | public | K-5 | 1.66 mi | 6 |
| Cabrillo High School | public | 9-12 | 1.78 mi | 3 |
| Lafayette Elementary School | public | K-5 | 1.83 mi | 5 |
| Lindsey Academy | public | 6-8 | 2.24 mi | 3 |
| Longfellow Elementary School | public | K-5 | 2.28 mi | 9 |
| Andrew Carnegie Middle School | public | 6-8 | 2.33 mi | 7 |
| Hughes Middle School | public | 6-8 | 2.36 mi | 7 |
| Dooley Elementary School | public | K-5 | 2.39 mi | 4 |
| Bonita Street Elementary School | public | K-5 | 2.43 mi | 8 |
| Burnett Elementary School | public | K-5 | 2.48 mi | 4 |
| Educational Partnership High School | public | 9-12 | 2.55 mi | 3 |
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This listing information is up-to-date as of July 06, 2026. For the most current information, please contact Cameron Samimi, (310) 259-7556.