Mixed-Use Income
For Sale
$1,369,000
318 320 E Market St, Long Beach, CA 90805
Turnkey mixed-use building with three residential units and a commercial storefront currently operating as a barbershop.
Property SizeContact for details
Days on Market44
Property Features for 318 320 E Market St
General Information
Standard status
Active
Property subtype
Investment
Additional Details
Multifamily Units
3
Building Details
Year Built
1940
Listing Agency:
COMPASS
(917) 494-3278
Listed By:
Adam Yokell · License #01315387
(917) 494-3278
Source:
Elliman
Added: Jul 19
Changed: Jul 23
Last Checked: Aug 30 at 3:53PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of COMPASS
Investment Insights
Based on property information with market context.
This turnkey mixed-use income property features three residential units and one commercial storefront currently operating as a barbershop. The building is described as being in good marketable condition, with owner upgrades that include new 200 amp electrical panels, updated plumbing, updated sprinkler and irrigation, and refreshed interior finishes and design.
The property is located at 318–320 East Market Street. The listing indicates all four units will be delivered with month-to-month tenants paying at or above market rates.
From an operating standpoint, the current gross monthly rent is reported as $7,755, and the offering is presented as producing a solid cap rate and GRM.
The property is located at 318–320 East Market Street. The listing indicates all four units will be delivered with month-to-month tenants paying at or above market rates.
From an operating standpoint, the current gross monthly rent is reported as $7,755, and the offering is presented as producing a solid cap rate and GRM.
Key Highlights
- 1940‑built mixed‑use property with 3 residential units and 1 commercial storefront currently operating as a barbershop
- All 4 units delivered with month‑to‑month tenants; current gross monthly rent is $7,755
- Owner upgrades include new 200 amp electrical panels and updated plumbing
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
918
Businesses Nearby
Explore this area
Business Placement
Demographics for 90805, CA
95,350
Population
28,954
Households
3.3
Avg Household Size
34
Median Age
18%
College-Educated
74%
High-School Grad
7.4 sq mi
ZIP Area
12,885
Density / Sq Mi
$68,615
Median Household Income
$34,948
Median Earnings
$1,664
Median Rent
$588,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Triplex - Turnkey mixed-use building with three residential units and a commercial storefront currently operating as a barbershop.
Where is this triplex located?
The property is located at 318 320 E Market St Long Beach, CA.
What is the asking price?
The asking price for this property is $1,369,000.
What are key features of this property?
This property features: 1940‑built mixed‑use property with 3 residential units and 1 commercial storefront currently operating as a barbershop; All 4 units delivered with month‑to‑month tenants; current gross monthly rent is $7,755; Owner upgrades include new 200 amp electrical panels and updated plumbing
