$2,100,000
1856 Pacific Avenue, Long Beach CA 90806
Multi-Family (9 Units)
Property type
16 days
On market
$336
Price per sqft
0 cars
Garage
1961
Year built
6,714 sqft
Lot size
Open Houses
Overview
This is a 9 units property consisting of 2 stores front and 7 units apartment in the back perfect for small business owner who want to own their own store without having to pay rent on their own business and have additional income from the apartments. close to public transportation, restaurants, other businesses.
Listing provided by: Steve Vong DRE #01273285 562-427-7765, First American Team Realty Inc
Listing updated: May 20, 2026 at 07:01am.
Last checked: Jun 5, 2026 at 10:00am
Source: CRMLS #PW26109583
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 2 | 1 | — | $1,950 | $1,950 | $2,500 | Unfurnished |
| 1 | 2 | 1 | — | $1,900 | $1,900 | $2,500 | Unfurnished |
| 1 | 1 | 1 | — | $1,650 | $1,650 | $1,800 | Unfurnished |
| 1 | 2 | 2 | — | $2,150 | $2,150 | $2,600 | Unfurnished |
| 1 | 2 | 1 | — | $1,552 | $1,552 | $2,500 | Unfurnished |
| 1 | 2 | 1 | — | $2,069 | $2,069 | $2,500 | Unfurnished |
| 1 | 1 | 1 | — | $1,695 | $1,695 | $1,800 | Unfurnished |
| 1 | 0 | 1 | — | $787 | $787 | $1,200 | Unfurnished |
| 1 | 0 | 1 | — | $787 | $787 | $1,200 | Unfurnished |
# of Buildings: 1
# of Units Total: 9
Separate Electric Meters: 9
Separate Gas Meters: 9
Separate Water Meters: 1
Rent Control: Yes
Total Actual Rent: $14,539
Tenant Pays: Cable Tv, Electricity, Gas, Telephone
Financial Snapshot
Gross Rent Multiplier
12.0x
List Price / Annual Gross Rent
Cap Rate
7.48%
NOI / List Price
Gross Scheduled Income: $174,467
Operating Expense: $17,447
Net Operating Income: $157,020
Annual Operating Expenses
Electric: $1,200
Fuel: $0
Insurance: $8,000
Professional Management: $9,421
Trash: $600
Water / Sewer: $600
Interior
Laundry: None
Entry Location: 1
Exterior
Property Attached: Yes
Stories Total: 2
Levels: Multi Split
Common Walls: Two Common Walls Or More
Lot Features: Near Public Transit, Walkstreet
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Parking: Concrete, Off Street, Unassigned
Garage Spaces: 0
Parking Total: 0
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 7209021009
Additional Parcels: No
Tax Lot: 37
Tax Block: A
Subdivision: Wrigley Area (WR)
Community
Senior Community: No
Community Features: Curbs, Storm Drains, Street Lights, Sidewalks
Nearby Schools
Nearby schools around the 1856 Pacific Avenue, Long Beach, CA 90806. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$1,680,000
Total Interest
$2,142,747
Total Payment
$3,822,747
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$12,956
per month
Property History for 1856 Pacific Avenue
Long Beach Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90806.
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