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$2,749,000
Est. payment /mo
20 Beds
8,836 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision North Long Beach (Nlb)
MLS Listing ID PW26142888
Bedrooms 20
Lot Size 8,836 Sqft
Property Sub-Type Res Income 2-4 Units
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
Zoning Assessor
Direction pch and near Santa fe Ave
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 7431035023
Acceptable Financing Exchange
Listing Terms Exchange
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Listed by Tim Ho, DRE#01858362 First Team Real Estate
NEARBY SCHOOL & BUSINESS
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