Active /
MLS #OC25101601 /
Multiple Family /
Long Beach
Listing information updated 10/20/2025 at 2:02pm
This 26-unit mixed-use investment is located at the high-visibility corner of 7th Street and Cherry Avenue in the Historic Rose Park District of Long Beach-a walkable, rapidly evolving area surrounded by strong retail demand and stable residential tenancy. The two-building property totals approximately 17,730 square feet and features 7 ground-floor retail suites and 19 apartment units, consisting of 1 studio, thirteen 1-bed/1-bath units, four 2-bed/1-bath units, and one 3-bed/1-bath unit. The diverse mix of units and commercial spaces creates multiple income streams and flexible leasing opportunities. With rents significantly below market, the asset offers an estimated 20-25% rental upside achievable through light renovations, management efficiencies, and targeted leasing. The retail spaces have historically maintained 85-90% occupancy, while residential rents present further upside potential. At the asking price, the property delivers a capitalization rate approaching 6%, and a market-adjusted return above 7.5%, once repositioned. This offering represents a rare chance to acquire a corner mixed-use property in one of Long Beach's most desirable submarkets-combining immediate income, long-term appreciation, and substantial value-add potential.
Listing Office: Mike Marcu, Broker
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