1059 Pacific Avenue Long Beach, CA ^$ 4,250,000

1059 Pacific Avenue

^$ 4,250,000

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1059 Pacific Avenue

Long Beach, CA, 90813

^$ 4,250,000

Studio Baths0.0 Sq 5,557

Monthly Estimate*

^$ 28,247

Listed by Berkshire Hathaway HomeServices California Properties

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Studio

Commercial Property for sale in Long Beach, CA

for $4,250,000. This 5,557 square foot building was built in 1958 on a lot size of 0.3423.

19 Room and 1 Mangers Housing Motel for Sale in Downtown Long Beach. All Rooms and Bathrooms have been renovated in the recent years. Property sits on a large lot with lots of available parking. Managers units is 1 bedroom with 1 full bath. Property has in house laundry with maid service. Close to the 710 Freeway Between 7th Street and Anaheim. Business is excluded from sale. Gross Income is 445,000/YTD

Commercial Active

Price

^$ 4,250,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 0

Style

HotelMotel

Lot Size

0.3423

Year Built

1958

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

PW23194555

Days on Market

232

Features

Exterior

Lot Features NoLandscaping Paved StreetLevel ValueInLand

Water Source Public

Total Parking 8.0

Lot Size Area 14912.0

Number of Buildings 1

Spa N

Building Area Total 5557.0

Lot Size Acres 0.3423

Lot Size Source Assessor

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

General

Construction Materials Stucco

Year Built 1958

Property SubType HotelMotel

Additional Parcels Description Yes

County Los Angeles

New Construction N

Property Type CommercialSale

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions Standard

Status Active

Directions Pacific & 10th Street

City Long Beach

View Y/N N

Senior Community Y/N N

Open Parking Spaces 8.0

NumberOfUnitsTotal 19

MLS Area 4 - Downtown Area Alamitos Beach

Lot Size Units SquareFeet

Lot Size Square Feet 14912.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Number of Units Leased 19

Street Name Pacific

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 165

Building Area Units SquareFeet

Standard Status Active

Occupancy Type Tenant

Year Built Source Assessor

Property Sub Type Additional HotelMotel

Interior

Total Stories 2

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Street Suffix Avenue

Laundry Features CommonArea ElectricDryerHookup GasDryerHookup

Entry Level 1

Electric On Property Y/N N

Internal Only

Street Number 1 1059

* Excluded Features

List By

Berkshire Hathaway Homeservices California Properties

Broker

(562) 842-6036

Phone

Affordability Calculator

$28,247

Per Month

Monthly Principal & Interest: $28,247
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Long Beach, CA

Average List Price ^$1,652,705

Percent of Sale Price 61%

About Long Beach, CA

470,090 Population

2% Since 2002

^$57,916 Median Income

35.78 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
10/20/2023	$4,250,000		Listed Price

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1059 Pacific Avenue, Long Beach, CA, 90813 is a Commercial Property for sale at $4,250,000 with 5,557 sqft and a lot size of 0.3423. 1059 Pacific Avenue is a studio with 0.0 baths and was built in 1958. The property's zip code is 90813 which is in Long Beach, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 6/6/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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1059 Pacific Avenue

Commercial Property for sale in Long Beach, CA

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