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208 W Anaheim Street
Long Beach, CA 90813

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Property Details


List Price: $2,200,000
Beds: --
Baths: --
Status: Active
SqFt: 9200
Agency: West Shores Realty

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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


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.


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