Los Angeles Homes with Mixed Use Subtype

Los Angeles Homes with Mixed Use Subtype

Welcome to the vibrant county of Los Angeles, located in the sunny state of California! Los Angeles is a diverse and dynamic county known for its beautiful beaches, world-class entertainment industry, and a melting pot of cultures that make it a truly unique place to live.

If you're looking for a property that offers a mix of residential and commercial spaces, Homes with Mixed Use subtype in Los Angeles might be the perfect fit for you. These properties provide a versatile living arrangement, allowing you to live, work, or even run a small business all within the same space. Whether you're an entrepreneur looking to start a new venture or someone who values the convenience of having amenities just steps away from your front door, Homes with Mixed Use subtype in Los Angeles offer a flexible and modern living experience.

With a booming real estate market and a variety of neighborhoods to choose from, Los Angeles has something to offer for everyone. From the trendy streets of Hollywood to the laid-back beach communities of Santa Monica and Venice, there's a perfect place for you to call home in this iconic county.

Explore the possibilities that Los Angeles has to offer and find your dream property with the unique charm of Homes with Mixed Use subtype. Experience the best of both worlds in this bustling county where urban living meets endless opportunities for growth and success.

Newest Los Angeles Homes with Mixed Use Subtype

$2,295,000
PW26200874 MLS Active Status
1059 Gladys Avenue presents the opportunity to acquire a 12-unit multifamily property in popular Eastside Long Beach. The property offers all 1BD/1BA units (two are renovated) with on-site laundry facilities. Electricity is separately metered, while gas is master-metered with one water heater. The assumable financing is particularly compelling: approximately $1.451 million at a fixed 3.57% interest rate, representing roughly 63% LTV and fully amortizing over the remaining loan term. Annual debt service is ~$78,870. In the current interest-rate environment, this low cost of debt is a significant investment advantage. At the $2.295 million asking price, the property produces approximately $126,809 in current NOI, equating to a 5.53% current cap rate. Because the going-in cap rate is substantially higher than the 3.57% mortgage rate, investors benefit from meaningful positive leverage. After debt service, the property is projected to generate approximately $47,939 in annual pre-tax cash flow, providing a 5.68% current cash-on-cash return on the approximately $844,000 down payment. Eastside Long Beach is a well-established and highly desirable rental neighborhood, offering residents a compelling combination of walkability, affordability and proximity to the city’s coastal lifestyle and major employment centers. The property benefits from a Walk Score of 93 (“Walker’s Paradise”), with numerous shopping, dining and everyday conveniences within a short walk. The neighborhood also provides convenient access to Downtown Long Beach, Belmont Heights, Recreation Park, Colorado Lagoon and the beach, while California State University, Long Beach and Long Beach City College are both within approximately three miles.

1059 Gladys, Long Beach

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.