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Commercial Property — 1561 W Pacific Coast, Long Beach, CA

$2,998,000

1561 W Pacific Coast, Long Beach, CA

$2,998,000 — 1561 W Pacific Coast, Long Beach, CA — photo 1 $2,998,000 — 1561 W Pacific Coast, Long Beach, CA — photo 2 $2,998,000 — 1561 W Pacific Coast, Long Beach, CA — photo 3 $2,998,000 — 1561 W Pacific Coast, Long Beach, CA — photo 4 $2,998,000 — 1561 W Pacific Coast, Long Beach, CA — photo 5
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About this property

Excellent mixed-use investment opportunity on Pacific Coast Highway offered at a 6% 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 details

Square feet
8,729
Year built
1949
Property type
CommercialSale

Location

1561 W Pacific Coast • Long Beach, CA 90810

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Listed by

Tim Ho · First Team Real Estate

Listing courtesy of First Team Real Estate. Information deemed reliable but not guaranteed.

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