331 E Carson, Long Beach, CA 90807
sale
$1,199,000
|
Other
Courtesy Of Chhabria Real Estate Company
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.
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Property Features
- Age: Over 50 Years Old
- Cooling System: Central Air
- MLSID: SB26169010
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