4716 2nd Street ELong Beach, CA 90803
SqFt
14,448
$11,000,000
Description
We are pleased to present a trophy 14,483 sq. ft. 2-story mixed-use corner building located in the heart of the prime retail corridor of E 2nd Street in the Belmont Shore district of Long Beach, CA. The outstanding building was originally built in 1923 and has many distinct architectural features including decorative vintage storefront facades. The building includes 6 retail ground level spaces and 8-2nd level units used as either creative office spaces or Studio/1 Bedroom and 1 Bathroom residential units. Belmont Shore's E 2nd Street is the premier shopping, entertainment and dining of Long Beach, CA. Noteworthy restaurants include Nick's on 2nd St, Simmzy's, Open Sesame, 2nd and Saint to name a few. Popular retailers such as Tilly's, Van's, Proper Shoes, O'My Sole, ACE Hardware and Rite Aid. Financial service businesses such as Bank of America, Chase and Wells Fargo. Other service businesses such as AT&T, Verizon, Starbucks and Super Cuts. Popular Entertainment and Bar Venues such as Legends Sports Bar, Panama Joes, Long Beach Tap House, Dogz Bar, Shannon's on Bayshore and Riley's. Surrounding E 2nd Street is the residential district of Belmont Shore, a densely populated beach community including cottage style homes, renovated and expanded luxury homes and unique multi-family apartment residences all blocks to the sandy beaches, marinas, lagoons and picturesque canals. Outside of Belmont Shore District and 3 miles away is the vibrant and ever growing Downtown Long Beach, including in this Central Business District is the Long Beach Convention Center and Aquarium of the Pacific, Shoreline Village and The Pike Outlet's. Further east of Belmont Shore are staple national retailers such as Gelson's Market, Whole Foods, Ralph's Grocery, Trader Joe's, Nordstrom Rack, Bev Mo and Petco.Contact - Listing ID PW22256648
Jignesh Patel
Property Details for 4716 2nd Street E
StatusActive
Price/SqFt$761.35
SqFt
14,448
CountyLos Angeles
Year Built1928
Property TypeCommercial Sale
Property Sub TypeMixed Use
Primary Features
County
Los Angeles
Price/SqFt
761.35
Property Sub Type
Mixed Use
Property Type
Commercial Sale
Year Built
1928
Interior
Building Area Units
Square Feet
Condo Area Units
Square Feet
Laundry Features
None
External
Lot Size Source
Assessor
Minimum Total Area Units
Square Feet
Water Source
Public
Location
Country
US
MLS Area Major
1 - Belmont Shore/Park,Naples,Marina Pac,Bay Hrbr
Additional
Additional Parcels
no
Building Status
Existing
Days On Market
94
List Agent State License
01158184
List Office State License
00530854
Max Total Area Units
Square Feet
Number Of Units Leased
14
Number Of Units Total
14
Parcel Number
7256022002
Retail Center Type
Mixed Use
Year Built Source
Assessor
Financial
Building Expenses
46152
Cap Rate
3.67
Effective Gross
600508
Electric Expense
15384
Expense Year
2022
Gross Scheduled Income
539256
Insurance Expense
11500
Investment Property
yes
Net Operating Income
404017
Operating Expense
196571
Other Income 1
77510
Real Estate Tax Expense
133100
Special Listing Conditions
Standard
Total Expenses
196571
Trash Expense
15384
Vacancy Allowance
16178
Vacancy Allowance Rate
3
Water Sewer Expense
15384
Zoning Info
Local Information
© 2023. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Any correspondence from IDX pages are routed to Realty One Group United or one of their associates. Last updated Tuesday, March 21st, 2023.
Based on information from CARETS as of Tuesday, March 21st, 2023 03:19:44 PM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Based on information from CARETS as of Tuesday, March 21st, 2023 03:19:44 PM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Similar Listings
Contact - Listing ID PW22256648
Jignesh Patel
Data services provided by IDX Broker
