W Anaheim Street
Long Beach, California 90813, United States

Long Beach, California 90813, United States
Listed By West Shores Realty, Inc.

The Commercial for Sale located at W Anaheim Street Long Beach California 90813 is currently for Sale, W Anaheim Street Long Beach California 90813 is listed for $2,200,000. If the property located at W Anaheim Street Long Beach California 90813 isn't what you're looking for, search California Real Estate to see other Commercial for Sale in Long Beach .

MLS#: 371844321

$2,200,000 USD

Minimum sellable space
855m² (9,200ft²)
The details

Property features

Date Updated: Jun 27, 2024

Construction details

Year built
1923

Area

Property size
855m² (9,200ft²)
Land/Lot size
465m² (5,003ft²)

Description

MASSIVE UPSIDE with a proforma CAP of 7.44%. NOI is $223,200 and gross income is $372,000. Property has a new roof!! 15 studio rentals upstairs are vacant and need to stripped down to the studs. Five lower retail units are in average condition. Two are currently rented at $1,500/mo with month to month tenants that will vacate upon sale. All commercial units will be delivered vacant. Located a half mile East of the 710 freeway with great rental demand in the area. This would be a great Section 8 play or great for government sponsored tenants. Would also work for regular tenants as well (after reno). Great opportunity and this will NOT last

Location

W Anaheim Street, Long Beach, California 90813, United States
map image
Courtesy of Mark Velasco West Shores Realty, Inc.

Listing Contact: 626-392-9499

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LogoAll real estate advertised herein is subject to the Federal Fair Housing Act, which makes it illegal to advertise "any preference, limitation, or discrimination because of race, color, religion, sex, handicap, familial status, or national origin, or intention to make any such preference, limitation, or discrimination." We will not knowingly accept any advertising for real estate which is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.