Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Type

Apartment

Bedrooms

14

Building size

8,729 sqft

Lot size

8,836 sqft

Year built

1949

Stories

2

Garage spaces

0

Pool

None

Status

Active

Days on market

111

MLS #

244366914

About this property

***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

1561 W Pacific Coast Highway

Long Beach, Los Angeles, CA, 90810