5220 Pacific, Long Beach, CA 90805
- $1,175,000
- Sold Price
- $1,175,000
- List Price
- $1,195,000
- Closing Date
- Jun 17, 2026
- Status
- CLOSED
- MLS#
- SB26098969
- Year Built
- 1963
- Lot Size
- 7,534
- Acres
- 0.17
- Lot Location
- Rectangular Lot
- Days on Market
- 13
- Property Type
- Multifamily
- Style
- Contemporary
- Property Sub Type
- Quadruplex
- Stories
- Two Levels
- Neighborhood
- North Long Beach (Nlb)
Property Description
Great 4-plex in North Long Beach tucked on a tree lined street with 3,609 rentable square feet on a 7,534 square foot lot. Excellent unit mix with a front stand-alone 2 bed/1 bath house featuring new vinyl flooring along with laundry hookups in the kitchen plus two back town house style units (2 bed/1.5 bath and 2 bed/2 bath) and a 4th apartment (2 bed/1 bath). Strong in-place income with an 11.9 GRM and a 4.5% cap rate with a 19.4% upside to rents and a market cap rate of 5.9%. (4) separate garages for off-site parking, additional income, or ADU potential. The roof was replaced in 2025 and there were recent electrical upgrades to the main disconnect and service entrance. Easy access to the 710 freeway being just blocks away. Less than a mile from Bixby Knolls dining and shopping. Walkable immediate neighborhood, just blocks from The Pan, CVS, and McDonald’s, and other retail.
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Additional Information
- Appliances
- Water Heater
- Pool Description
- None
- Fireplace Description
- Family Room
- Heat
- Wall Furnace
- Cooling Description
- None
- View
- None
- Exterior Construction
- Stucco
- Roof
- Composition
- Garage Spaces Total
- 4
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Unfurnished
- Attached Structure
- Attached
- Number Of Units Total
- 4
- Gross Scheduled Income
- $100,500
- Operating Expense
- 41499
Listing courtesy of Listing Agent: Anthony Walker (Anthony.walker@buckinghaminvestments.com) from Listing Office: Buckingham Investments, Inc.
Listing sold by Shawn Ros from California Financial & RE Ctr
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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.