1561 W Pacific Coast Highway, Long Beach, CA 90810
- $2,749,000
- List Price
- $2,749,000
- Price Change
- ▼ $249,000 1784280028
- Status
- ACTIVE
- MLS#
- PW26142888
- Year Built
- 1949
- Lot Size
- 8,836
- Acres
- 0.20
- Lot Location
- 11-15 Units/Acre, Corner Lot
- Days on Market
- 28
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Neighborhood
- North Long Beach (Nlb)
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.
Additional Information
- Pool Description
- None
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 14
- Gross Scheduled Income
- $249,912
- Operating Expense
- 62062
Listing courtesy of Listing Agent: Tim Ho (Reo_listing@yahoo.com) from Listing Office: First Team Real Estate.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.