Three-Unit Mixed-Use
For Sale
$1,199,000
331 E Carson, Long Beach, CA 90807
A street-facing business space sits alongside two residential units, with the commercial space occupied by its owner.
Property Size3,832 SF
Price / SF$312.89
Days on Market92
Property Features for 331 E Carson
General Information
Standard status
Active
Size
3,832 SF
Net Rentable
3,832 SF
Property subtype
Mixed Use
Zoning
LBCCA
Occupancy
100%
Financials
Asking Price
$1,399,000
Cap Rate
4.7%
Gross Income
$98,240
Site & Location
Neighborhood
Bixby Knolls
Road Access
Yes
Mixed-Use Components
commercial, residential
Additional Details
Multifamily Units
2
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$22,384
Building Details
Building Size
3,832 SF
Year Built
1952
Tenancy
Multi
Listing Agency:
Chhabria Real Estate Company
Listed By:
Anand Chhabria · License #01908741
(310) 379-2167
Source:
Zaiaestates
Added: Aug 5
Changed: Nov 3
Last Checked: Nov 3 at 8:59AM
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 Chhabria Real Estate Company
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Investment Insights
Based on property information with market context.
At 331 E Carson in Long Beach, this 3,832-square-foot mixed-use property contains three units: one street-facing commercial space and two residential units. Built in 1952, the property is fully occupied; the owner uses the commercial unit, and both residential units are leased. Current zoning is LBCCA (Community Commercial Automobile-Oriented).
Key Highlights
- 3,832 square feet across three units
- One street‑front commercial space and two residential units
- Fully occupied, with the commercial unit owner‑occupied and both residential units leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,281
Cap Rate
6.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,465,620
$1.5M
Cap Rate 7%
$1,046,871
$1.0M
Cap Rate 9%
$814,233
$814.2K
Market Conditions
NOI Build-Up for 3,832 SF
Gross rent
$140.3K $36.60/SF
− Vacancy
−$7.0K −$1.83/SF
EGI
$133.2K $34.77/SF
− OpEx
−$60.0K −$15.65/SF
NOI
$73.3K $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%
$1,465,620
Cap Rate 7%
$1,046,871
Cap Rate 9%
$814,233
Alternative Uses
Best Use
Apartment 5plus
$1.05M
$916.0K – $1.22M
NOI $73,281 @ 7.0% cap · market cap 6.11%
Second Best
Mixed Use
$954.6K
$835.3K – $1.11M
NOI $66,821 @ 7.0% cap · market cap 5.57%
Theoretical Best
Office A
$2.05M
$1.80M – $2.39M
NOI $143,615 @ 7.0% cap · market cap 11.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,019
Businesses Nearby
286k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 34%
Groceries 26%
Apparel 22%
Dining 17%
Marshalls
Apparel
54,235 visits/mo
0.4 miles
Trader Joe's
Groceries
37,999 visits/mo
0.1 miles
Smart & Final
Groceries
35,290 visits/mo
0.5 miles
Pet Food Express
Shops & Services
26,089 visits/mo
0.1 miles
7-Eleven
Shops & Services
21,296 visits/mo
0.1 miles
Demographics for 90807, CA
32,412
Population
13,345
Households
2.4
Avg Household Size
41
Median Age
45%
College-Educated
90%
High-School Grad
4.4 sq mi
ZIP Area
7,366
Density / Sq Mi
$95,079
Median Household Income
$56,392
Median Earnings
$1,892
Median Rent
$832,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A street-facing business space sits alongside two residential units, with the commercial space occupied by its owner.
Where is this mixed-use property located?
The property is located at 331 E Carson Long Beach, CA.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: 3,832 square feet across three units; One street‑front commercial space and two residential units; Fully occupied, with the commercial unit owner‑occupied and both residential units leased
