Eastside, Circle Area (3) Homes with Mixed Use Subtype

Eastside, Circle Area (3) Homes with Mixed Use Subtype

Welcome to the Eastside Circle Area of Long Beach, California, where vibrant community life meets the charm of mixed-use living! Nestled within the bustling heart of Los Angeles County, this dynamic neighborhood is a hidden gem that offers a unique blend of residential comfort and commercial convenience.

The Eastside Circle Area boasts a rich tapestry of culture, history, and modern amenities. This diverse community is known for its eclectic mix of architectural styles, from quaint bungalows to contemporary townhomes, all designed to cater to a variety of lifestyles. The mixed-use homes here are particularly appealing, allowing residents to live where they work, dine, and play. Imagine stepping out of your front door to find cozy cafes, boutique shops, and vibrant local markets just a stone's throw away!

In addition to its convenient layout, the Eastside Circle Area is blessed with beautiful parks and green spaces, perfect for leisurely strolls or family picnics. The community is also well-connected to public transportation, making it easy to explore the greater Los Angeles area. With a strong sense of community, residents often gather for local events, fostering relationships and creating a welcoming atmosphere.

Whether you’re a first-time homebuyer or looking to invest in a thriving neighborhood, the Eastside Circle Area offers an exceptional quality of life. Discover the charm of mixed-use living in Long Beach, where every day brings new opportunities to connect, explore, and thrive!

Newest Eastside, Circle Area (3) 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
$1,395,000
OC26185530 MLS ⋅ Active Status
The Wilton Courtyard is a 5-unit multifamily property located at 3245 E Wilton Street in Long Beach’s Eastside submarket. The property offers the potential to add three ADU units, providing an opportunity to expand the existing 5-unit property to 8 total units, subject to applicable permits and construction. The property is being offered for sale individually or in combination with the adjacent property. Conveniently located near Belmont Shore, 2nd Street, Retro Row, Broadway, and Downtown Long Beach, with nearby access to restaurants, retail, entertainment, parks, recreation, and the coast. The property also offers convenient access to the 405 and 710 Freeways, providing connectivity throughout Long Beach, Los Angeles, and Orange County.

3245 E Wilton, Long Beach
$2,795,000
OC26185350 MLS ⋅ Active Status
The Wilton Courtyard is a 10-unit multifamily property located at 3245–3301 E Wilton Street in Long Beach’s Eastside submarket. The property features approved plans for six additional ADU units, providing the potential to expand the existing 10-unit property to 16 total units, subject to applicable permits and construction. The property is being offered for sale individually or in combination with the adjacent property. Conveniently located near Belmont Shore, 2nd Street, Retro Row, Broadway, and Downtown Long Beach, with nearby access to restaurants, retail, entertainment, parks, recreation, and the coast. The property also offers convenient access to the 405 and 710 Freeways, providing connectivity throughout Long Beach, Los Angeles, and Orange Counties.

3245 -3301 E Wilton Street, Long Beach
$2,700,000
PW26163930 MLS ⋅ Active Status
Exceptional opportunity to acquire a fully leased 8-unit mixed-use investment strategically positioned on the highly visible corner of Redondo Ave and E. 11th St. in Long Beach’s desirable Eastside/Circle Area. The property consists of three ground-floor retail storefronts and five residential units (four 1-bedroom/1-bath units and one 3-bedroom/2-bath unit), totaling approximately 9,851 square feet on a 6,241 square foot lot. The asset offers excellent street frontage, strong visibility, and professionally maintained commercial spaces occupied by established local businesses. Recent tenant improvements include beautifully renovated salon and tattoo studio interiors, enhancing the property’s appeal while supporting a diversified income stream. The residential units provide stable cash flow with additional rental upside through future turnover. Currently generating approximately $251,515 in annual scheduled gross rental income, this investment offers stable in-place income with future rental growth potential and long-term appreciation. Additional features include four on-site parking spaces, LBCNR (Store & Residential) zoning, and a highly walkable location with convenient access to Belmont Heights, Recreation Park, California State University Long Beach, Downtown Long Beach, and major transportation corridors. 1090 Redondo Avenue presents an outstanding opportunity for investors seeking a well-maintained mixed-use asset in one of Long Beach’s most desirable rental markets.

1090 Redondo, Long Beach
$2,700,000
PW26150787 MLS ⋅ Active Status
Exceptional opportunity to acquire a fully leased 8-unit mixed-use investment strategically positioned on the highly visible corner of Redondo Ave and E. 11th St. in Long Beach’s desirable Eastside/Circle Area. The property consists of three ground-floor retail storefronts and five residential units (four 1-bedroom/1-bath units and one 3-bedroom/2-bath unit), totaling approximately 9,851 square feet on a 6,241 square foot lot. The asset offers excellent street frontage, strong visibility, and professionally maintained commercial spaces occupied by established local businesses. Recent tenant improvements include beautifully renovated salon and tattoo studio interiors, enhancing the property’s appeal while supporting a diversified income stream. The residential units provide stable cash flow with additional rental upside through future turnover. Currently generating approximately $251,515 in annual scheduled gross rental income, this investment offers stable in-place income with future rental growth potential and long-term appreciation. Additional features include four on-site parking spaces, LBCNR (Store & Residential) zoning, and a highly walkable location with convenient access to Belmont Heights, Recreation Park, California State University Long Beach, Downtown Long Beach, and major transportation corridors. 1090 Redondo Avenue presents an outstanding opportunity for investors seeking a well-maintained mixed-use asset in one of Long Beach’s most desirable rental markets.

1090 Redondo, Long Beach
$2,345,000
RS26052383 MLS ⋅ Active Status
$50,000 price reduction - now offered at a 6.40% current cap rate. 1036 Saint Louis Ave is a 9-unit Eastside Long Beach apartment property featuring an attractive large-unit mix of (1) 3BD/2BA, (6) 2BD/1BA, and (2) 1BD/1BA units. The asset offers strong in-place income with approximately 13% remaining rental upside and a projected 7.60% pro forma cap rate through continued interior renovations and garage income optimization. The property has benefited from approximately $129,000 in recent capital improvements, including a new 400A main electrical panel, partial main sewer line replacement, SB 721 balcony compliance/repairs, roof repairs, and three completed unit renovations. Additional features include 6 on-site garages, separately metered electric/gas, and landlord-paid water/sewer/trash. No local rent control; statewide AB 1482 applies.

1036 Saint Louis, 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.