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Mixed-Use

Mixed Use on Pacific Coast Hwy

335 W Pacific Coast Hwy, Long Beach, CA 90806

Listing Price: $550,000

Cap Rate
1.00%
Number of Units
3
Occupancy
67.0%
Price/Unit
$183,333
Price/Gross SF
$416.67
Gross SF
1,320

Investment Overview

This sale offers the opportunity to purchase a mixed-use commercial property that is located in an area of redevelopment in Long Beach, California. The property has attractive renovation potential, can continue to be used as-is, and is suitable for investors and owner/users alike (including those interested in a live/work scenario.) The subject property, located at 335-339 West Pacific Coast Highway, consists of a single parcel for total of 3,599 square feet of land. The property has been improved with a multi-tenant structure that has 1,320 square feet of rentable building area. The building offers two office spaces with frontage on Pacific Coast Highway as well as a one bed, one bath apartment at the back of the property. There is a large yard behind the building that can be utilized by the tenants and/or used as part of a redevelopment/expansion project. The property is currently occupied by tenants with short-term agreements. Situated on Pacific Coast Highway, west of Pacific Avenue, the subject property is an area known as the Wrigley neighborhood which is currently undergoing significant redevelopment. There are multiple projects underway within a few block radius – see the display included in this marketing package. The site is located on a major arterial highway which has approximately 40,000 vehicles per day at this location and is less than ¾ of a mile from a freeway access point. 335-339 West Pacific Coast Highway offers the opportunity to purchase a well-located mixed-use property in an area that is currently undergoing tremendous redevelopment. The property has attributes that provide for functionality and attractive underlying value, and is suitable for investors and owner/users alike.

Investment Highlights

  • Mixed-Use Commercial Property on Pacific Coast Hwy
  • Two Office Units and One 1B/1B Apartment
  • Live/Work Possibility
  • Located in an Area of Redevelopment
  • Attractive Renovation Potential – Or Continue to Use As-Is
  • Suitable for Owner/Users and Investors

Exclusively Listed By

Listing Price: $550,000

Cap Rate
1.00%
Number of Units
3
Occupancy
67.0%
Price/Unit
$183,333
Price/Gross SF
$416.67
Gross SF
1,320

Investment Highlights

  • Mixed-Use Commercial Property on Pacific Coast Hwy
  • Two Office Units and One 1B/1B Apartment
  • Live/Work Possibility
  • Located in an Area of Redevelopment
  • Attractive Renovation Potential – Or Continue to Use As-Is
  • Suitable for Owner/Users and Investors

Investment Overview

This sale offers the opportunity to purchase a mixed-use commercial property that is located in an area of redevelopment in Long Beach, California. The property has attractive renovation potential, can continue to be used as-is, and is suitable for investors and owner/users alike (including those interested in a live/work scenario.) The subject property, located at 335-339 West Pacific Coast Highway, consists of a single parcel for total of 3,599 square feet of land. The property has been improved with a multi-tenant structure that has 1,320 square feet of rentable building area. The building offers two office spaces with frontage on Pacific Coast Highway as well as a one bed, one bath apartment at the back of the property. There is a large yard behind the building that can be utilized by the tenants and/or used as part of a redevelopment/expansion project. The property is currently occupied by tenants with short-term agreements. Situated on Pacific Coast Highway, west of Pacific Avenue, the subject property is an area known as the Wrigley neighborhood which is currently undergoing significant redevelopment. There are multiple projects underway within a few block radius – see the display included in this marketing package. The site is located on a major arterial highway which has approximately 40,000 vehicles per day at this location and is less than ¾ of a mile from a freeway access point. 335-339 West Pacific Coast Highway offers the opportunity to purchase a well-located mixed-use property in an area that is currently undergoing tremendous redevelopment. The property has attributes that provide for functionality and attractive underlying value, and is suitable for investors and owner/users alike.

Exclusively Listed By

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