Description

Exceptional value-add opportunity in one of Long Beach's most sought-after, walkable neighborhoods now enhanced by a highly attractive assumable loan at a favorable 4.58% interest rate, offering significant financing upside in today's market. This two-parcel mixed-use corner investment is prominently positioned at the high-visibility intersection of 7th Street and Cherry Avenue in the Historic Rose Park District, just minutes from the beach (approximately 10 minutes)a prime coastal location that continues to attract both residents and businesses.Long Beach is also set to take center stage as a major venue city for the 2028 Summer Olympics, hosting 11 Olympic events more than any city outside of Los Angeles . With global attention, infrastructure improvements, and increased tourism on the horizon, the area is poised for accelerated growth and long-term appreciation. The two-building portfolio features seven ground-floor commercial retail suites and nineteen residential apartments, delivering a diverse unit mix and multiple income streams. Established long-term tenants anchor both the commercial and residential components, providing immediate, predictable cash flow from day one. The retail spaces have historically maintained strong occupancy, while the residential units present additional upside through repositioning and rent growth. This is a rare opportunity to acquire a premier corner mixed-use asset in one of Long Beach's most desirable, high-demand submarkets combining in-place income, below-market assumable financing, proximity to the coast, and the powerful upside driven by the upcoming Olympics.

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Property information

Property type

Commercial Sale

Year built

1959

Living area

6,516 Sq Ft

Lot size

0.14 acres

Price / Sq Ft

$614

Days on market

169

Stories

2

Parcel number

7262024021

Zoning

LBCCA

Features

Sewer / Water

Public