331 E CarsonLong Beach, CA 90807

Description

Exceptional mixed-use investment opportunity in the highly desirable Bixby Knolls corridor. Offered at $1,399,000, this well-maintained property features three income-producing units consisting of one street-front commercial space and two residential units, totaling approximately 3,832 SF of rentable area. The property is fully occupied, with the commercial unit owner-occupied and both residential units leased, generating approximately $98,240 in annual gross income and offering an attractive 4.7% cap rate. Zoned LBCCA (Community Commercial Automobile-Oriented) and located within the City's active Zone In planning area, the property benefits from the potential for future Mixed-Use (MU) zoning, creating compelling long-term redevelopment and value-add opportunities. Ideal for an owner-user seeking to operate a business while offsetting occupancy costs with rental income, or for an investor looking for stable cash flow with future upside. Prime Carson Street frontage provides excellent visibility, strong traffic exposure, and convenient access to shopping, dining, and major transportation corridors. A rare opportunity to acquire a stabilized mixed-use asset in one of Long Beach's most sought-after commercial submarkets.

Property Information

Property type

Commercial Sale

Sub-type

Mixed Use

Year built

1952

Stories

2

Building area

3,832 Sq Ft

Lot size

0.14 acres

Zoning

LBCCA

Days on market

55

MLS^® Listing#

SB26169010

Property Features

Cooling

Central Air

Heating

Forced Air · Wall Furnace

Laundry

Laundry Closet · Laundry Room

Fencing

Wrought Iron

Water source

Public

Financial Details

Annual taxes

$22,384

Parcel number

7139009017

Directions

Long Beach Blvd > E Carson Street, major cross streets Long Beach Blvd and E San Antonio Drive