MASSIVE UPSIDE with a proforma CAP of 7.44%. NOI is $223,200 and

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Commercial For Sale

208 W Anaheim Street

Long Beach, California 90813

Los Angeles County

Community: 

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$2,200,000 0 br, 0.0 bath 9200 sq. ft. 0.000 acres

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

Interior:
  • Bedrooms: 0
  • Baths: 0.0
  • Sq Ft: 9200
  • Year Built: 1923
  • Utilities: 
  • Fireplaces: 
  • Stories: 
  • Heat/AC: 
  • Garage: 
Exterior:
  • Lot Size: 0.000 acre
  • Lot Dimensions: 
  • View Types: 
  • Yard: 
  • Siding: 
  • Roof: 
  • MLS #: DW23158483
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Contact Information:
Beach Commercial For Sale in Long Beach, California
Listing Agent: Mark Velasco, West Shores Realty, 626-392-9499, 310-541-8000 Listing Site, Listing Status: Active
Copyright © 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ad Number: 4130010
Viewed 120 times.
Updated: Nov 29, 2023

This property is a Commercial located at 208 W Anaheim Street, Long Beach, California 90813, and is currently For Sale at $2,200,000. This Commercial has 0 bedrooms, 0.0 baths, 9200 sq ft.

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