Prime mixed-use property for sale in Long Beach! This versatile investment opportunity features two retail units in the front, perfect for businesses seeking high visibility and foot traffic. The rear of the property boasts six multifamily units, offering a blend of convenience and comfort for tenants. Located ten minutes from the beach and one minute from Pacific Coast Highway, this property ensures easy access to local attractions, dining, and shopping. This property presents a unique investment opportunity, combining commercial and residential potential in one of Long Beach's most sought-after locations.
The income description goes here to explain
List Price | $2,150,000 |
Property Type | Flex Space |
Usable Sqft | Unknown |
Number of Stories | 2 stories |
Parking Spots | 5 spots |
Year Built | 1929 |
Last Sold | Unknown |
Sold Price | Unknown |
APN # | 7209022010 |
MLS # | PW24153389 |
Property ID | 320708980 |
Lot Sqft | 8,002 |
Zoning | Unknown |
Total Units | 8 |
Days on Market | 85 |
Original List Price | $2,550,000 |
Date Updated | September 30, 2024 |
Date Created | July 25, 2024 |
Unit # | Beds | Baths | Current Rent | Proforma Rent |
Unit #1 | $187,500 | $0 |
Net Income (Yr) | $ 112,500 |
Cap Rate | 5.25% |
Kevin Kott an agent of . Lic #02089647
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2708 Wilshire Blvd #197
Santa Monica, CA 90403
California ## 01956587
Florida #CQ1065233
Robert Crawford
REAL ESTATE AGENT