12
New To Site
$1,750,000
944 Pacific Avenue
Long Beach, CA 90813
MLS# PW19083412

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0.16 Acres
944 Pacific represents a rare opportunity to assume a fully-entitled redevelopment project will all permits issued for the construction of a 6-unit multifamily project in an extremely hot sub-market of Los Angeles, California. The property was previously configured as an office complex and is now fully-entitled for conversion to multifamily including fully approved CD set, all permits issued with rough plumbing and framing inspections complete, and all city impact fees (including fire, police, park and schools) paid by the seller. With an attractive unit-mix of one (1) 2 bed / 2 bath unit, one (1) 2 bed / 1 bath unit and four (4) 1 bed / 1 bath units. This allows for new ownership to come in and complete construction with the finishes they desire, as well as have full decision power in the tenants put into each unit.
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Property Details
Status
For Sale
Property Type
Income
Year Built
1959
Acres
0.16
Lot Size
Levels
Two
Senior Community
No
Private Pool
No
Pool Features
None
Rooms
Laundry Features:
See Remarks
Taxes & Terms
Special Listing Conditions
Standard
Area
Subdivision
Downtown (dt)
County
Los Angeles
Features
Community Features
Curbs, Sidewalks, Urban
Lot Features
Level with Street, Walkstreet
Listing courtesy of
Matthew Firth, Broker
Estimated Payments
The approximate mortgage monthly principal and interest payment for this property would be
Based on a loan at a fixed rate of percent
With a down payment of dollars
Actual lender interest rates and loan programs may vary.
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Based on information from California Regional Multiple Listing Service, Inc.. 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. Listing Data last updated: April 19, 2019 10:00 MST Service by Buying Buddy IDX CRM