11 Units - Mixed Use | 2131 Pacific Ave
2131 Pacific Ave (1)
Marcus & Millichap is pleased to present 2131 and 2133 Pacific Avenue, a well-maintained 16-unit mixed use offering on two parcels in Long Beach, California. The property is located three blocks north of Pacific Coast Highway and west of Long Beach Boulevard, conveniently near the 710 freeway.
Property Details
11 Units - Mixed Use
2131 Pacific Ave, 2131 Pacific Ave, Long Beach, CA 90806, USA
Investment Overview
- Well-Maintained 16-Unit Mixed-Use Property on Two Parcels
- Four Commercial Units Face Pacific Avenue, a Retail Corridor
- Rear Apartments Include 10 One-Bedrooms and Two Studios
- Strong Cash Flow on Current Rents (5.26% Cap Rate)
- Approximately 15% Potential Upside in Rents -
- 6.42% Pro Forma Cap Rate
- Motivated Seller Has 1031 Exchange Upleg Under Contract Non-Contingent
- Priced to Sell
- 6.42% Pro Forma Cap Rate