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Listed by Tim Ho, DRE #01858362 • First Team Real Estate
$ 2,749,000
Est. payment /mo
Price Dropped by $249K
1561 W Pacific Coast HWY Long Beach, CA 90810
8,836 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW26142888
Year Built 1949
Lot Size 8,836 Sqft
Source California Regional MLS
Property Description
***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.
Location
State CA
County Los Angeles
Area 7 - North Long Beach
Interior
Laundry Laundry Area
Exterior
Parking Features Other
Pool None
Building
Water District - Public
Others
Tax ID 7431035023
Special Listing Condition Not Applicable
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