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
$ 1,199,000
Est. payment /mo
Price Dropped by $200K
331 E Carson Long Beach, CA 90807
6,041 Sqft Lot
UPDATED:
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
Offered at $1,199,000, this well-maintained mixed-use property is ideally situated along the highly desirable Bixby Knolls corridor of Long Beach. The property features three units, including one street-front commercial space and two residential units, totaling approximately 3,832 SF of rentable area.The property offers an excellent combination of existing residential income and commercial upside, with both residential units currently leased and the street-front commercial space now vacant and ready for immediate occupancy. The vacant commercial space presents an attractive opportunity for an owner-user to establish or expand a business, or for an investor to lease the space at current market rates and enhance the property's overall income and return potential. Zoned LBCCA (Community Commercial Automobile-Oriented) and located within the City's active Zone In planning area, the property may benefit 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 generating supplemental rental income from the two residential units, or for an investor looking to capitalize on existing income with the opportunity to increase returns through commercial leasing. 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 versatile mixed-use property in one of Long Beach's most desirable commercial submarkets, offering immediate occupancy potential, existing residential income, and significant long-term upside.
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