$2,200,000

Est. payment - /mo

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9,200 SqFt

Active

208 W Anaheim ST Long Beach, CA 90813

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Jerry And Rachel Team Hsieh

jerryandrachelteam@gmail.com +1(424) 242-8856

UPDATED:

09/30/2024 06:46 PM

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 9,200 sqft

Price per Sqft $239

MLS Listing ID DW23158483

HOA Y/N No

Year Built 1923

Lot Size 5,005 Sqft

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

Area 699 - Not Defined

Rooms

Ensuite Laundry Common Area

Interior

Laundry Location Common Area

Fireplace No

Laundry Common Area

Building

Lot Description Street Level

Story 2

Water Public

Others

Tax ID 7272001002

Acceptable Financing Cash, Cash to New Loan, Court Approval

Listing Terms Cash, Cash to New Loan, Court Approval

Special Listing Condition Third Party Approval, Probate Listing

Listed by Mark Velasco • West Shores Realty, Inc. • 626-392-9499

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Jerry And Rachel Team Hsieh

Owner/Director of Sales | License ID: 01701809

+1(424) 242-8856

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Jerry And Rachel Team Hsieh

208 W Anaheim ST Long Beach, CA 90813

Jerry And Rachel Team Hsieh

Key Details

Location

Rooms

Interior

Building

Others

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208 W Anaheim ST