About This Home
This 20-bedroom, 0-bathroom multi-family at 1561 W Pacific Coast Highway in Long Beach, CA is listed for $2,998,000 ($343 per sqft). Built in 1949, the home offers 8,729 sqft of living space on a 0.20 acres lot.
Key Features
- Built in 1949
- 0.20 acre lot
- 2 stories
Property Details
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.
Monthly Cost Estimate
$16,034/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1561 W Pacific Coast Highway
Long Beach, CA 90810
North Long Beach (NLB)
Features & Amenities
Exterior Features
Questions & Answers
This 20-bedroom, 0-bathroom multi-family at 1561 W Pacific Coast Highway is listed at $2,998,000 ($343/sqft). The estimated monthly payment is $16,034 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1949, 0.20 acre lot, 2 stories. Exterior Features: Community Features Included: Curbs, 11-15 Units/Acre, Corner Lot.
This property is listed by Tim Ho and can be reached at 7143835342.