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    221 Wisconsin Ave Long Beach, CA 90803

    For Sale
    $2,800,000

    Mixed-use property featuring retail units, apartments, and development potential.

    Lot size:
    0.22 Acres

    Property Features for 221 Wisconsin Ave

    General Information

    Lot size
    0.22 Acres

    Building Details

    Year built
    1947

    Source: Skyline Commercial Real Estate Agent Christopher Pettit

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Property with Development Potential

    This mixed-use property features three retail units on Broadway with a strong rental history, along with seven apartment units. The property includes garages in the back, a central courtyard, and a large storage space that could be converted into an ADU. There is room for additional development. The building has been well-maintained by long-term ownership, while also leaving room for upside in rents. The unit mix features mostly 2-bedroom units, providing a desirable living situation for tenants in a highly walkable area.
    Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Long Beach
    County
    Los Angeles
    State
    California
    Longitude
    -118.1619147
    Latitude
    33.7663443

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property featuring retail units, apartments, and development potential.
    Where is this mixed-use property located?
    The property is located at 221 Wisconsin Ave Long Beach, CA.
    What is the asking price?
    The asking price for this property is $2,800,000.
    What are key features of this property?
    This property features: - Mixed-use property: **3 retail units on Broadway and 7 apartment units.**; - **Strong rental history** for retail units.; - Potential for ADU conversion from large storage space.
    (949) 688-6530
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    Long Beach, CA 90803
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    221 Wisconsin Ave Long Beach, CA 90803
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