Three-Unit Mixed-Use
For Sale
$1,199,000
331 E Carson, Long Beach, CA 90807
Commercial Sale, Long Beach, CA
Property Size3,832 SF
Price / SF$312.89
Days on Market90
Property Features for 331 E Carson
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
LBCCA
Directions
Long Beach Blvd > E Carson Street, major cross streets Long Beach Blvd and E San Antonio Drive
Subdivision
6 - Bixby, Bixby Knolls, Los Cerritos
Standard status
Active
APN
7139009017
Additional Details
Tenant in Place
Yes
Mixed-Use Components
commercial, residential
Taxes and HOA fees
Tax Annual Amount
22384
Utilities
Cooling system
Central Air
Building Details
Year built
1952
Listing Agency:
Chhabria Real Estate Company
Listed By:
Anand Chhabria · License #01908741
(310) 379-2167
Added: Aug 5
Changed: Nov 2
Last Checked: Nov 2 at 9:06PM
MLS# SB26169010
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property contains approximately 3,832 SF of rentable area across three units: a street-facing commercial space and two residential units. The commercial space is owner-occupied, while both residences are leased. The property was built in 1952 and has central air conditioning.
Located at 331 E Carson in Long Beach, the property has frontage on Carson Street and is zoned LBCCA. It falls within the City’s Zone In planning area, where the remarks identify possible future Mixed-Use zoning. The reported cap rate is 4.7%.
Located at 331 E Carson in Long Beach, the property has frontage on Carson Street and is zoned LBCCA. It falls within the City’s Zone In planning area, where the remarks identify possible future Mixed-Use zoning. The reported cap rate is 4.7%.
Key Highlights
- Three units across approximately 3,832 SF of rentable area
- Street‑front commercial unit plus two leased residential units
- Fully occupied; commercial space is owner‑occupied
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
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-level commercial space is paired with two leased residential units in a fully occupied property.
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: Three units across approximately 3,832 SF of rentable area; Street‑front commercial unit plus two leased residential units; Fully occupied; commercial space is owner‑occupied
