5
See all 5 photos
$2,749,000
Est. payment /mo
8,833 Sqft Lot
Price Dropped by $249K
1561 W Pacific Coast Highway Long Beach, CA 90810
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Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision North Long Beach (Nlb)
MLS Listing ID PW26142888
HOA Y/N No
Year Built 1949
Lot Size 8,833 Sqft
Property Sub-Type Apartment
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
Fireplace No
Laundry Common Area
Exterior
Parking Features Asphalt
Pool None
Community Features Curbs
Private Pool No
Building
Lot Description 11-15 Units/Acre, Corner Lot
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 7431035023
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Special Listing Condition Standard
Listed by Tim Ho First Team Real Estate 714-383-5342, DRE #01858362
NEARBY SCHOOL & BUSINESS
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