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For sale
    • Listed by: First Team Real Estate • Tim Ho • Contact: 714-383-5342
    Price cut: $249K (7/17)
    $2,749,000

    1561 W Pacific Coast Hwy, Long Beach, CA 90810

    280beds
    --baths
    8,729sqft
    : 
    $18,828/mo
    Get pre-qualified
    Multi Family
    Built in 1949
    -- sqft lot
    $2,612,000 Zestimate®
    $315/sqft
    $-- HOA

    What's special

    ***Major Price Reduction***Excellent mixed-use investment opportunity on Pacific Coast Highway offered at a 6.63% cap rate. The property features a two-story building with 11 residential units and 11 on-site parking spaces, providing stable residential income. Many of the residential units have been refreshed, enhancing rental value. The sale also includes 1561 W Pacific Coast Hwy, a separate 3-tenant storefront retail building with prime frontage on PCH. Strong in-place cash flow with diversified residential and commercial income in a high-traffic location.
    43 days
    |
    37
    |
    1
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Tim Ho DRE #01858362 714-383-5342,

    First Team Real Estate

    Source: CRMLS,MLS#: PW26142888MLS LogoOriginating MLS: California Regional MLS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 280
      Appliances
      • Laundry: Common Area
      Features
      • Common walls with other units/homes: 2+ Common Walls
      Interior area
      • Total structure area: 8,729
      • Total interior livable area: 8,729 sqft

      Property

      Parking
      • Parking features: Asphalt
      Features
      • Entry location: 1
      • Pool features: None
      Lot
      • Size: 8,836 Square Feet
      • Features: 11-15 Units/Acre, Corner Lot
      Details
      • Parcel number: 7431035023
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      • Attached to another structure: Yes
      Condition
      • New construction: No
      • Year built: 1949

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Features: Curbs
      • Subdivision: North Long Beach (Nlb)
      Location
      • Region: Long Beach

      Financial & listing details

      • Price per square foot: $315/sqft
      • Tax assessed value: $1,979,818
      • Annual tax amount: $28,224
      • Date on market: 7/1/2026
      • Cumulative days on market: 43 days
      • Listing terms: 1031 Exchange

        Estimated market value

        $2,612,000

        $2.48M - $2.74M

        $2,177/mo

        Price history

        DateEventPrice
        7/17/2026Price change$2,749,000-8.3%$315/sqft
        Source: CRMLS #PW26142888 Report a problem
        7/1/2026Listed for sale$2,998,000+41.4%$343/sqft
        Source: CRMLS #PW26142888 Report a problem
        2/7/2025Sold$2,120,000+21.7%$243/sqft
        Source: Public Record Report a problem
        10/2/2024Listing removed$1,495
        Source: Zillow Rentals Report a problem
        9/27/2024Listed for rent$1,495
        Source: Zillow Rentals Report a problem
        2/3/2024Listing removed--
        Source: Zillow Rentals Report a problem
        12/19/2023Listed for rent$1,495+50.3%
        Source: Zillow Rentals Report a problem
        9/15/2019Listing removed$995
        Source: Zillow Rental Network Report a problem
        9/14/2019Listed for rent$995-28.7%
        Source: Zillow Rental Network Report a problem
        5/8/2019Listing removed$1,395
        Source: CMC Realty & Lending Inc Report a problem
        4/30/2019Listed for rent$1,395
        Source: CMC Realty & Lending Inc Report a problem
        3/1/2019Listing removed$1,395
        Source: CMC Realty & Property Management Report a problem
        1/31/2019Listed for rent$1,395
        Source: Zillow Rental Network Report a problem
        8/24/2017Sold$1,742,500+24.5%$200/sqft
        Source: Public Record Report a problem
        12/5/2005Sold$1,400,000+366.7%$160/sqft
        Source: Public Record Report a problem
        10/10/2001Sold$300,000$34/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$28,224 +4.6%$1,979,818 +1.9%
        2024$26,985 +1.8%$1,943,259 +2%
        2023$26,502 +6.4%$1,905,201 +2%
        2022$24,909 +2.2%$1,867,889 +2%
        2021$24,367 +0.3%$1,831,309 +1%
        2020$24,293 $1,812,556 +2%
        2019$24,293 +4.3%$1,777,060 +2%
        2018$23,303 $1,742,260 +72.5%
        2017$23,303 +59.9%$1,010,000
        2016$14,574 +5.7%$1,010,000
        2015$13,786 $1,010,000
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: West Side

        Getting around

        78 / 100
        Very Walkable
        46 / 100
        Some Transit
        82 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

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