Property 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

Address Map
CA
Los Angeles
Long Beach
90813
208 W Anaheim Street
0
W119° 48' 13.9''
N33° 46' 56.9''
From 710 Fwy: East on Anaheim S
MLS Addon
West Shores Realty, Inc.
Mark Velasco
velascomarkx@gmail.com
CR300866
CR273823455
: Public

Commercial Sale For Sale

208 W Anaheim Street, Long Beach, California 90813

9,200 Sqft
$2,200,000
Listing ID #CRDW23158483
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : CRDW23158483
Price : $2,200,000
Square Footage : 9,200 Sqft
Year Built : 1923
Lot Area : 5,003 Sqft
Status : Active
Property SubType : Mixed Use
Agent info
Michael Roberts
Contact Agent