$2,200,000
208 Anaheim Street, Long Beach 90813
5,003
Lot Size
Listing Agent
Mark Velasco - West Shores Realty, Inc. - 626-392-9499MASSIVE 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
Facts & Features
| MLS® # | DW23158483 |
|---|---|
| Price | $2,200,000 |
| Bathrooms | 0.00 |
| Lot Size | 5,003 |
| Year Built | 1923 |
| Type | Commercial Sale |
| Sub-Type | Mixed Use |
| Status | Active |
| # Of Units | 20 |
Community Information
| Address | 208 Anaheim Street |
|---|---|
| Area | 699 - Not Defined |
| City | Long Beach |
| County | Los Angeles |
| Zip Code | 90813 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Has Basement | No |
|---|---|
| Fireplace | No |
| # of Stories | 2 |
Exterior
| Lot Description | Street Level |
|---|
Additional Information
| Date Listed | August 23rd, 2023 |
|---|---|
| Days on Market | 254 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Mark Velasco |
|---|---|
| Office | West Shores Realty, Inc. |
| Info | 626-392-9499 |