2444 Pacific, Long Beach, CA 90806
Local realty services provided by:Better Homes and Gardens Real Estate Clarity
2444 Pacific,Long Beach, CA 90806
$1,850,000
- - Beds
- - Baths
- 6,228 sq. ft.
- Multi-family
- Active
Listed by: perry karn
Office: southland property group562-270-1777
MLS#:PW26063703
Source:CRMLS
Price summary
- Price:$1,850,000
- Price per sq. ft.:$297.05
About this home
Exceptional 8-Unit Investment Opportunity in Long Beach – Value-Add with ADU Potential!
Introducing 2444 Pacific Ave, a rare opportunity to acquire a well-located 8-unit apartment building in the heart of the Wrigley area of Long Beach. This income-producing property offers investors immediate cash flow with significant upside potential through strategic improvements and additional accessory dwelling unit development. The property features eight residential units complemented by five detached garages, presenting a prime opportunity for conversion into Accessory Dwelling Units (ADUs) (buyer to verify with city). This added value component provides a clear path to increasing rental income and maximizing long-term returns. Situated on a desirable stretch of Pacific Avenue, the property benefits from strong rental demand, proximity to major transportation corridors, local retail, dining, and employment hubs. Tenants enjoy convenient access to everything Long Beach has to offer, making this an attractive and stable investment location.
Highlights Include:
-8-unit multifamily property with strong in-place income
-Upgraded electrical and plumbing
-SB 721 inspection completed and passed
-5 garages with excellent ADU conversion potential
-Value-add opportunity through unit upgrades and increased rents
-Prime location with high tenant demand
-Ideal for investors seeking long-term growth and cash flow
- Current Cap - 5.87 Market Cap - 6.87
- Current GRM - 12.18 Market GRM 10.32
Whether you're looking to expand your portfolio or capitalize on Long Beach’s thriving rental market, 2444 Pacific Ave delivers both stability and upside in one compelling investment. The property is professionally managed. Buyer to verify all information....
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Home facts
- Year built:1943
- Listing ID #:PW26063703
- Added:95 day(s) ago
- Updated:July 22, 2026 at 12:27 AM
Rooms and interior
- Living area:6,228 sq. ft.
Structure and exterior
- Year built:1943
- Building area:6,228 sq. ft.
- Lot area:0.17 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,850,000
- Price per sq. ft.:$297.05
Parking
- Total parking spaces:5
- Garage:Yes
- Garage spaces:5
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