1561 W Pacific Coast HighwayLong Beach, CA 90810
North Long Beach (NLB) · Los Angeles County
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.
Property Information
- Property type
- Residential Income
- Sub-type
- Apartment
- Year built
- 1949
- Stories
- 2
- Building area
- 8,729 Sq Ft
- Lot size
- 0.20 acres
- Days on market
- 131
- MLS® Listing#
- PW26142888
Property Features
- Pool
- None
- Parking
- Asphalt
- Laundry
- Common Area
- Lot features
- Corner Lot
- Community
- Curbs
- Sewer
- Public Sewer
- Water source
- Public
Financial Details
- HOA
- None
- Parcel number
- 7431035023
Directions
pch and near Santa fe Ave
Listing Courtesy: First Team Real Estate - 714-383-5342
Presented by: Tim Ho
Licensed in the state of California.
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