Apartment for sale in Southern California — $1,850,000. 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 Wrigle…
$1,850,000
2444 Pacific, Long Beach, CA 90806
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.
Listing updated: May 28, 2026 at 10:24 AM
Listed by: Perry Karn, Southland Property Group
Source: CRMLS, MLS#: PW26063703, Originating MLS: California Regional MLS
Explore parks, streets, and what's around this home.
| Date | Event | Price |
|---|---|---|
4/16/2026 Source: CRMLS, #PW26063703 | Listed for sale | $1,850,000 |
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-05-28 10:24:49 PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information