REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,399,000
Est. payment | /mo
6,041 Sqft Lot
$ 1,399,000
Est. payment | /mo
6,041 Sqft Lot
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26169010
HOA Y/N No
Year Built 1952
Annual Tax Amount $22,384
Lot Size 6,041 Sqft
Property Sub-Type Mixed Use
Property Description
Exceptional mixed-use investment opportunity in the highly desirable Bixby Knolls corridor. Offered at $1,399,000, this well-maintained property features three income-producing units consisting of one street-front commercial space and two residential units, totaling approximately 3,832 SF of rentable area. The property is fully occupied, with the commercial unit owner-occupied and both residential units leased, generating approximately $98,240 in annual gross income and offering an attractive 4.7% cap rate. Zoned LBCCA (Community Commercial Automobile-Oriented) and located within the City's active Zone In planning area, the property benefits from the potential for future Mixed-Use (MU) zoning, creating compelling long-term redevelopment and value-add opportunities. Ideal for an owner-user seeking to operate a business while offsetting occupancy costs with rental income, or for an investor looking for stable cash flow with future upside. Prime Carson Street frontage provides excellent visibility, strong traffic exposure, and convenient access to shopping, dining, and major transportation corridors. A rare opportunity to acquire a stabilized mixed-use asset in one of Long Beach's most sought-after commercial submarkets.
Location
State CA
County Los Angeles
Area 6 - Bixby, Bixby Knolls, Los Cerritos
Zoning LBCCA
Interior
Heating Forced Air, Wall Furnace
Cooling Central Air
Fireplace No
Laundry Laundry Closet, Laundry Room
Exterior
Fence Wrought Iron
Building
Lot Description 0-1 Unit/Acre
Story 2
Water Public
Others
Tax ID 7139009017
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Special Listing Condition Standard
Virtual Tour https://youriguide.com/331_e_carson_st_long_beach_ca
Listed by Anand Chhabria Chhabria Real Estate Company anand@chhabriare.com, DRE #01908741