Listed by Mark Velasco • West Shores Realty, Inc.
$2,200,000
Est. payment /mo
Active
208 West Anaheim Street Long Beach, CA 90813
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
09/03/2024 05:47 AM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID DW-23158483
Year Built 1923
Property 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
State CA
County Los Angeles
Interior
Laundry Community
Building
Lot Description Level with Street
GET MORE INFORMATION