1561 W Pacific Coast Hwy - Storefront Retail/Residential FOR SALE


Long Beach, CA 90810- Westside Long Beach
$2,998,000 USD
714-383-5342
1561 W Pacific Coast Hwy, Long Beach, CA for Sale
$2,998,000 USD
Storefront Retail/Residential - FOR SALE
1/8
null | 6.08% Cap Rate

1561 W Pacific Coast Hwy
Long Beach, CA 90810
Westside Long Beach


OVERVIEW

The property located at 1561 W Pacific Coast Highway and 1812 Canal Street to be sold together. Situated on an 8725 square foot lot, the complex consists of two structures and a parking lot. In the rear, sits an Eleven (11) unit apartment complex, and in front, on PCH, a 2000 square foot retail building which is set up for two tenants. A 8-10 car parking lot seperates the two structures. The apartment unit mix consists of 1- 4 bed/ 2 bath unit, 6 - 2 bed/ 1 bath units, 3 - 1 bed/ 1 bath units and 1 - Studio / 1 bath unit. Utility meters are seperate for both gas and electrical service. The retail building, measuring approximately 2000 square feet, is currently half leased to a barber shop with 15+ years tenancy $1241/m, while the other half is occupied by a sign shop for 12 1/2+ years $1510/m. Additionally, there are two smaller spaces rented out as storage, generating an additional $772 per month.

FOR SALE DETAILS

PRICE

$2,998,000 USD

PRICE/SF

$1,618 USD /SF

CAP RATE

6.08%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1949

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,888 SF

ZONING

CHW

APN/PARCEL ID

7431-035-023

ASK ABOUT THIS PROPERTY

Tim HoFirst Team Real EstateMore Info
714-383-5342

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Tim HoFirst Team Real EstateMore Info
714-383-5342

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.