Mixed-Use Investment
For Sale
$2,490,000
1561 W Pacific Coast, Long Beach, CA 90810
Mixed-use property with residential and retail income in high-traffic location.
Property Size8,729 SF
Days on Market155
Property Features for 1561 W Pacific Coast
General Information
Standard status
Active
Size
8,729 SF
Net Operating Income
$182,215
Building Details
Building Size
8,729 SF
Year Built
1949
Buildings
2
Stories
2
Listing Agency:
First Team Real Estate
Listed By:
Tim Ho · License #01858362
(714) 383-5342
Source:
Evrealestate
Added: May 14
Changed: Oct 7
Last Checked: Oct 14 at 11:07PM
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 First Team Real Estate
Investment Insights
Based on property information with market context.
This mixed-use property presents an investment opportunity on Pacific Coast Highway. The property includes a two-story building featuring 11 residential units and 11 on-site parking spaces. Many of the residential units have been refreshed. The sale also includes a separate 3-tenant storefront retail building with frontage on Pacific Coast Highway. The property provides cash flow with diversified residential and commercial income in a high-traffic location. The bike score is 57, indicating it is bikeable. The walk score is 65, indicating it is somewhat walkable. The transit score is 45, indicating some transit options are available.
Key Highlights
- Mixed‑use property featuring 11 residential units and a 3‑tenant storefront.
- Prime frontage on Pacific Coast Highway (PCH) offers a high‑traffic location.
- Strong in‑place cash flow with a 6% cap rate.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$166,929
Cap Rate
6.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,338,580
$3.3M
Cap Rate 7%
$2,384,700
$2.4M
Cap Rate 9%
$1,854,767
$1.9M
Market Conditions
NOI Build-Up for 8,729 SF
Gross rent
$319.5K $36.60/SF
− Vacancy
−$16.0K −$1.83/SF
EGI
$303.5K $34.77/SF
− OpEx
−$136.6K −$15.65/SF
NOI
$166.9K $19.12/SF
Area
Long Beach, CA
Vacancy
5.00%
Lease Rate
$36.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,338,580
Cap Rate 7%
$2,384,700
Cap Rate 9%
$1,854,767
Alternative Uses
Best Use
Apartment 5plus
$2.38M
$2.09M – $2.78M
NOI $166,929 @ 7.0% cap · market cap 6.70%
Second Best
Mixed Use
$2.17M
$1.90M – $2.54M
NOI $152,212 @ 7.0% cap · market cap 6.11%
Theoretical Best
Office A
$4.67M
$4.09M – $5.45M
NOI $327,143 @ 7.0% cap · market cap 13.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
1,068
Businesses Nearby
Explore this area
Business Placement
Demographics for 90810, CA
38,529
Population
10,294
Households
3.7
Avg Household Size
37
Median Age
21%
College-Educated
76%
High-School Grad
6.5 sq mi
ZIP Area
5,928
Density / Sq Mi
$82,222
Median Household Income
$39,397
Median Earnings
$1,554
Median Rent
$594,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with residential and retail income in high-traffic location.
Where is this mixed-use property located?
The property is located at 1561 W Pacific Coast Long Beach, CA.
What is the asking price?
The asking price for this property is $2,490,000.
What are key features of this property?
This property features: Mixed‑use property featuring 11 residential units and a 3‑tenant storefront.; Prime frontage on Pacific Coast Highway (PCH) offers a high‑traffic location.; Strong in‑place cash flow with a 6% cap rate.
