1561 W Pacific Coast Highway, Long Beach, CA 90810
1561 W Pacific Coast Highway, Long Beach, CA 90810
1561 W Pacific Coast Highway, Long Beach, CA 90810
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$2,749,000
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8,833 Sqft Lot
Price Dropped by $249K

1561 W Pacific Coast Highway Long Beach, CA 90810

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Rick Lee

Rick Lee

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Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision North Long Beach (Nlb)

MLS Listing ID PW26142888

HOA Y/N No

Year Built 1949

Lot Size 8,833 Sqft

Property Sub-Type Apartment

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.

Location

State CA

County Los Angeles

Area 7 - North Long Beach

Interior

Fireplace No

Laundry Common Area

Exterior

Parking Features Asphalt

Pool None

Community Features Curbs

Private Pool No

Building

Lot Description 11-15 Units/Acre, Corner Lot

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 7431035023

Acceptable Financing 1031 Exchange

Listing Terms 1031 Exchange

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Tim Ho First Team Real Estate 714-383-5342, DRE #01858362
NEARBY SCHOOL & BUSINESS
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1561 W Pacific Coast Highway

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