$239.13 Per Sq Foot $11,810 est/mo Sourced by Back At You

208 W Anaheim Street,Long Beach, CA 90813

Long Beach CA, 90813

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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

Details

MLS#DW23158483
Listing TypeFor Sale
StyleMixed Use
Sub-TypeResale
StatusActive
Year1923
Days On Site333
Listing Provided ByWest Shores Realty, Inc. 310-541-8000 | Mark Velasco
Buying Commision$0

Features

SQ Feet9,200
Story(s)2
Units20
Building(s)1
Acreage0.11

Market Activity 90813

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Listings Checked: 3 minutes ago
StateCA
CountyLos Angeles
CityLong Beach
Zip Code90813
Area699 Not Defined
Listing VS Median (in 90813)
Price:
$2,200,000
low | high
Med:
$709,000
100% of Average
SqFt:
9,200
low | high
Med:
1,230
100% of Average
$ / SqFt:
$239
low | high
Med:
$576
91.049519586105% of Average
On Site:
333
low | high
Med:
164.000000
100% of Average
Sourced by Back At You
Listing Updated: June 26, 2024 at 1:33:51 PM PDT