208 W Anaheim Street
Long Beach,
CA
90813
Property Details
List Price: |
$2,200,000 |
Beds: |
-- |
Baths: |
-- |
Status: |
Active |
SqFt: |
9200 |
Agency: |
West Shores Realty |
Description/Comments
Lot Size: |
-- |
Property Type: |
Commercial |
Year Built: |
1923 |
Notes: |
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 |
MlsNumber: |
DW23158483 |
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Listing Provided By: |
West Shores Realty, original listing |
Name: |
West Shores Realty |
Phone: |
(310) 541-8000 |
Office Name: |
West Shores Realty, Inc. |
Office Phone: |
(310) 541-8000 |
Agent Name: |
Mark Velasco |
Disclaimer: |
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. |