Excellent mixed-use investment opportunity on Pacific Coast Highway offered at a 6% 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 # | PW26105830 |
|---|---|
| Listing Type | For Sale |
| Style | Mixeduse |
| Sub-Type | Resale |
| Status | Active |
| Year | 1949 |
| Days On Site | 112 |
| 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 |
|---|
| State | CA |
|---|---|
| County | Los Angeles |
| City | Long Beach |
| Zip Code | 90810 |
| Area | 11 Westside |
| Listing VS Median (in 90810) | |
Price: $2,998,000 low | high Med: $712,500 sqft: 8,729 low | high Med: 1,008 $ / sqft: $343 low | high Med: $742 On site: 112 low | high Med: 82 | |
| State | CA |
|---|---|
| County | Los Angeles |
| City | Long Beach |
| Zip Code | 90810 |
| Area | 11 Westside |
| Listing VS Median (in 90810) | |
Price: $2,998,000 low | high Med: $712,500 sqft: 8,729 low | high Med: 1,008 $ / sqft: $343 low | high Med: $742 On site: 112 low | high Med: 82 | |