***Major Price Reduction***Excellent mixed-use investment opportunity on Pacific Coast Highway offered at a 6.63% cap rate. The property features a two-story building with 11 residential units and 11 on-site parking spaces, providing stable residential income. Many of the residential units have been refreshed, enhancing rental value. The sale also includes 1561 W Pacific Coast Hwy, a separate 3-tenant storefront retail building with prime frontage on PCH. Strong in-place cash flow with diversified residential and commercial income in a high-traffic location.
| MLS # | PW26142888 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active |
| Year | 1949 |
| Days On Site | 63 |
| Listing Provided By | First Team Real Estate | Tim Ho |
| SQ Feet | 8,729 |
|---|---|
| Story(s) | 2 |
| Units | 14 |
| Building(s) | 2 |
| Acreage | 0.20 |
| Lot Features | Eleven To Fifteen Units Acre, Corner Lot |
|---|
| Parking Features | Asphalt |
|---|---|
| Garage Yes / No | No |
| Sewer | Public Sewer |
|---|
| Community Features | Curbs |
|---|
| State | CA |
|---|---|
| County | Los Angeles |
| City | Long Beach |
| Zip Code | 90810 |
| Area | 7 North Long Beach |
| Community Name | North Long Beach (NLB) |
| Listing VS Median (in North Long Beach (NLB)) | |
Price: $2,749,000 low | high Med: $719,900 sqft: 8,729 low | high Med: 960 $ / sqft: $315 low | high Med: $750 On site: 63 low | high Med: 55 | |
| State | CA |
|---|---|
| County | Los Angeles |
| City | Long Beach |
| Zip Code | 90810 |
| Area | 7 North Long Beach |
| Community Name | North Long Beach (NLB) |
| Listing VS Median (in North Long Beach (NLB)) | |
Price: $2,749,000 low | high Med: $719,900 sqft: 8,729 low | high Med: 960 $ / sqft: $315 low | high Med: $750 On site: 63 low | high Med: 55 | |
![]() | $2,998,0001561 W Pacific CoastLong Beach, CA 90810 |