Los Angeles Homes with Mixed Use Subtype

Los Angeles Homes with Mixed Use Subtype

Welcome to the vibrant and diverse world of Los Angeles County, California—a place where sun-kissed beaches meet sprawling urban landscapes and cultural richness knows no bounds. As the second-most populous county in the United States, Los Angeles offers a unique blend of opportunities for residents and investors alike. From the iconic Hollywood sign to the bustling streets of Downtown LA, this county is a tapestry of neighborhoods, each with its own character and charm.

Among the many real estate options available, homes with a mixed-use subtype stand out as a particularly appealing choice. These properties seamlessly combine residential and commercial spaces, allowing homeowners to live where they work or enjoy the convenience of nearby amenities. Imagine waking up in a stylish loft above your favorite café or having your office steps away from your front door. This innovative approach to living is ideal for entrepreneurs, artists, and anyone who values a dynamic lifestyle.

Los Angeles County's mixed-use homes are often found in thriving neighborhoods such as Silver Lake, Downtown LA, and West Hollywood, where the energy of urban life meets the comforts of home. With easy access to public transportation, trendy shops, and gourmet restaurants, these properties cater to those who appreciate convenience and a sense of community.

Whether you're looking to invest in a vibrant lifestyle or seeking a home that reflects your entrepreneurial spirit, Los Angeles County offers an exciting array of mixed-use opportunities. Discover the perfect blend of work and play in this iconic region, where your dream home awaits amidst the glitz and glamour of the City of Angels.

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.