Long Beach Homes with Mixed Use Subtype

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Newest Long Beach Homes with Mixed Use Subtype

$3,125,000

PW26214101 MLS ⋅ Active Status

1325 E. Ocean Boulevard presents a rare opportunity to acquire a well-maintained multifamily asset along one of Long Beach’s most desirable, beach-adjacent corridors. Offered at $3,125,000, the 9-unit property encompasses approximately 8,986 square feet and combines the architectural appeal and spacious floor plans of a vintage Long Beach property with meaningful capital improvements and additional income potential. The property features a diverse collection of (1) 3BD/1BA unit, (6) 2BD/1BA units, (1) 1BD/1BA unit, and a newly constructed detached studio ADU with enclosed private yard. The residences offer generously sized vintage floor plans with thoughtful interior upgrades throughout. Select units feature in-unit washers and dryers and/or private patios, providing amenities that enhance their competitive positioning within the coastal Long Beach rental market. Ownership has also invested in significant building improvements. The front building has been seismically retrofitted, the rear building features double-pane windows, and a new roof was installed in 2019. These improvements, together with the upgraded interiors and newly added ADU, provide an incoming investor with an improved physical asset while preserving the property's original character. At current operations, the property generates $262,500 in scheduled annual rental income and $171,749 in NOI. The pro forma projects scheduled rental income of approximately $301,440 and NOI of approximately $207,633, increasing the projected return to a 6.64% cap rate. This represents ±21% potential NOI growth through the realization of market rents. With its premier Ocean Boulevard location, spacious, upgraded units, substantial building improvements and identifiable income upside, 1325 E. Ocean Boulevard offers investors a compelling combination of coastal Long Beach real estate, vintage character, current cash flow and future revenue growth.

1325 E Ocean, Long Beach

$3,700,000

PW26209030 MLS ⋅ Active Status

1019 Lewis Avenue presents the opportunity to acquire a substantially renovated 16-unit multifamily property offering strong in-place cash flow, a stable income profile and additional rental upside in a highly walkable north Downtown Long Beach location. Offered at $3,900,000, the property generates a 7.00% current cap rate, with upside to a 8.14% market cap rate as rents move toward market levels. Ownership has invested approximately $400,000 in capital improvements, significantly reducing near-term capital expenditure requirements for a new investor. Fifteen of the property's 16 units have been fully renovated, while major building improvements include a new roof on one building, a newly sealed roof on the second building, a new 400-amp main electrical panel, upgraded subpanels and majority copper plumbing. The property features a highly desirable unit mix consisting of (14) 2BD/1BA units and (2) 1BD/1BA units. Current rents average $2,168 per unit, compared with projected market rents of ~$2,325, representing approximately 7% overall rental upside. Scheduled rental income has the potential to increase from $416,268 to $446,400 annually as rents are brought toward market levels. The property benefits from a stable income profile, with the majority of residents participating in HACLA or HACLB housing assistance programs. This provides an attractive combination of dependable rental income and continued organic upside as below-market rents are adjusted over time. Two newly constructed ADUs have already been incorporated into the property, increasing the asset's income-producing unit count while demonstrating the property's ability to accommodate additional density. Ownership has identified the potential for additional ADU development, providing a future investor with another avenue for long-term value creation beyond the existing rental upside. At the $3,700,000 offering price, 1019 Lewis generates $273,402 in current NOI, equating to a 7.00% current cap rate and 8.59 GRM. At projected market rents, NOI increases to ~$301,169, supporting a 8.14% market cap rate and 8.03 GRM. The combination of strong day- one yield and ~$27,767 in additional NOI potential provides investors with meaningful current income without relying on an extensive renovation or repositioning program. Located just north of Downtown Long Beach, 1019 Lewis provides convenient access to the city's employment centers, shopping, dining, transit and ocean.

1019 Lewis, Long Beach

$2,950,000

PW26208736 MLS ⋅ Active Status

10 Renovated Non-Rent Controlled units cash flowing at an amazing Current Cap Rate of 6% from day 1! Large unit mix of 9 (2bed/1bath) units and 1 (1bed/1bath) unit including 2 brand-new attached ADUs. Most units boast updated cabinets, flooring, kitchen, bathrooms, exterior improvements, and more. Individually metered for gas, electricity, and tenants pay their own trash further minimizing the operating expenses. Non-LA-City rent controlled asset allowing significant 8.7% annual rent increases (5%+CPI) for future upside. The property also offers on-site laundry and parking that generates additional income. Prime North Long Beach location minutes from the beach and central to the 405, 710 and 605 Freeways, offering tenants easy access to attractions and employers across the region. Long Beach is a popular rental market and population and employment hub with easy access to the beach, colleges (such as Cal State Long Beach), and major attractions including the Queen Mary, Aquarium of the Pacific, and more. Long Beach offers investors the opportunity to acquire assets in a coastal rental market with low vacancy rates without premium coastal pricing.

473 E 55th Street, Long Beach

$699,000

PW26204946 MLS ⋅ Active Status

This property One includes a commercial building currently operating as a real estate office, a detached 2-bedroom house in the rear, and a dedicated side parking lot. Conveniently located in North Long Beach, the property offers easy access to the Bixby Knolls shopping and dining district, major freeways, Long Beach Airport, the Port of Long Beach, and Downtown Long Beach. A rare opportunity to own a versatile mixed-use asset in a centrally located, high-demand area.

330 E Market Street, Long Beach

$799,000

PW26204920 MLS ⋅ Active Status

This Property features a commercial storefront currently occupied by a flower shop, a 1-bedroom, 1-bath house, and a brand-new, fully permitted 2-bedroom, 2-bath ADU. Conveniently located in North Long Beach, the property offers easy access to the Bixby Knolls shopping and dining district, major freeways, Long Beach Airport, the Port of Long Beach, and Downtown Long Beach. A rare opportunity to own a versatile mixed-use asset in a centrally located, high-demand area.

322 E Market Street, Long Beach

$1,050,000

DW26206602 MLS ⋅ Active Status

INCOME-PRODUCING OPPORTUNITY!! Prime Long Beach Location.. Excellent opportunity to own a well-maintained 6-unit income-producing property in a centrally located and desirable area of Long Beach. The property features:5 units: 1 bedroom / 1 bathroom,1 unit: 2 bedrooms / 1 bathroom, Centrally located in the City of Long Beach, Convenient access to shopping, transportation, major freeways, and local amenities, Ideal opportunity for investors looking to expand their real estate portfolio This property offers a rare opportunity to acquire a multi-unit investment in a convenient Long Beach location with strong potential for rental income.

45 E 69th, Long Beach

$1,850,000

OC26205983 MLS ⋅ Active Status

811 Ohio Avenue is a well-maintained multifamily property located in the highly desirable Eastside submarket of Long Beach. The property is situated in a coastal location with convenient access to many of Long Beach’s most desirable amenities, including 2nd Street, Retro Row, Broadway, Belmont Shore, and Downtown Long Beach. Residents benefit from an abundance of nearby restaurants, shopping, entertainment, parks, and recreational opportunities, while remaining just minutes from the beach and major employment centers. The property also offers excellent regional connectivity with convenient access to Pacific Coast Highway, Lakewood Boulevard, and the 405 and 710 Freeways, providing accessibility throughout Los Angeles and Orange Counties. 811 Ohio Avenue is positioned within one of Southern California’s established coastal communities, offering convenient access to both local amenities and major transportation corridors.

811 Ohio, Long Beach

$2,045,000

NP26204608 MLS ⋅ Active Status

Pleased to present the opportunity to acquire the Cedar Ave Apartments located in the South Wrigley neighborhood of Long Beach. The property consists of large one bedroom and two bedroom units along with six garages and an on-site laundry room that both appeals to tenants and provides additional income. Recent improvements include an updated roof, electrical system, and unit interior renovations allowing for an investor to acquire a low maintenance building in a strong rental location. With rents slightly below market, this asset provides immediate cash-flow with a clear pathway to increasing income in a coastal market currently going through massive redevelopment.

2015 Cedar Ave, Long Beach

$1,525,000

PW26188378 MLS ⋅ Active Status

We are pleased to present a 4,000 sq. ft. 2-story vintage mixed-use property on approximately 2,465 sq. ft of land area. The property is located the Alamitos Beach neighborhood adjacent to the East Village Arts District of Downtown Long Beach and adjacent to 4th Street Retro Row, a distinctive Long Beach eclectic retail corridor. The property includes an approximate 2,080 square feet of commercial space divided into 2 restaurant/ bar tenancies front E 4th Street and approximately 1,920 square feet of residential area containing 2-1-bedroom and 1-bathroom and 2-Studio and 1-bathroom units as well as an interior corridor. The ground level includes a bar, a well-established type-48 licensed local bar which originally opened in July 2009 and in 2020 the operator expanded into the adjoining space and created hamburger grill.

939 E 4th, Long Beach

1218 Martin Luther King Jr. Avenue, Long Beach

$1,500,500

PW26203135 MLS ⋅ Active Status

Welcome to 1218 MLK Jr. Ave, a strategically located mixed-use property offering an exciting opportunity for investors, business owners, and entrepreneurs looking to establish a presence in a dynamic and culturally rich area of Long Beach. Positioned near Cambodian Town, this property benefits from its proximity to a vibrant community known for its diverse businesses, restaurants, services, and cultural destinations. The surrounding area provides a strong neighborhood presence and convenient access to a variety of retail, dining, residential, and commercial amenities, creating an appealing environment for businesses seeking visibility and accessibility. The property's mixed-use character provides flexibility for a variety of potential business concepts and investment strategies, subject to applicable zoning and permitted uses. Whether you're looking to occupy the property for your own business, create a destination for customers and clients, or explore its potential as part of a broader investment portfolio, 1218 MLK Jr. Ave presents an opportunity to bring your vision to life in an established and highly accessible location. Examples: Multiple-unit housing, Single-unit housing, Group housing, Day-care facilities, etc

1218 Martin Luther King Jr. Avenue, Long Beach

$1,850,000

PW26196305 MLS ⋅ Active Status

This offering presents an excellent turnkey acquisition opportunity: converted from a creative office building into an apartments in 2020, this building is not subject to rent control. 944 Pacific Avenue features four one-bed/one-bath units, one two-bed/one-bath, and one two-bed/two-bath unit. Unit interiors boast modern finishes, in-unit laundry, and mini splits to support rental demand. The units are separately metered for all utilities; with tenants paying their own gas, electric, and water, owner expenses are minimized. The building also offers controlled access, a landscaped courtyard with patios, and a large parking lot with an E/V charger. The building’s electrical and plumbing were updated during the building use conversion. The property is located in Downtown Long Beach, offering easy access to major employers, retail, and attractions. This transit-friendly location is also just three blocks from the Metro E Line and proximate to the 710 Freeway.

944 Pacific, Long Beach

$1,200,000

RS26193414 MLS ⋅ Active Status

Exceptional four-unit investment opportunity in Long Beach with a remarkable family ownership history dating back to 1948. The current owner's grandmother originally purchased the property, and it has remained in the family ever since. The property consists of two 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units, providing a desirable and diversified unit mix. Pride of ownership is evident throughout the property, featuring well-maintained stucco, manicured landscaping, a neatly maintained lawn, clean concrete walkways, covered entry areas and secure exterior access. The property also features individual one-car garages with convenient alley access, providing each unit with dedicated parking. Long-term tenancy and a history of dependable rental performance make this an attractive addition to an investor's portfolio. Ideally located near shopping, dining, transportation and major Long Beach amenities.

2421 Magnolia, Long Beach

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.