For more information on this property,
contact Jignesh Patel at 2134532572 or realtorjackpatel@gmail.com
5440
Long Beach Boulevard,
Long Beach,
California
CA
90805-5275
Price: $840,000
Listing ID WS19035258
Status Active Under Contract
Price/SqFt $184.21
SqFt 4,560
Year Built 1928
Property Description:
Incredible opportunity to purchase this two unit commercial retail unit located near the popular adjacent areas of Bixiby Knolls and
Lakewood. Located in the northern part of Long Beach, the subject property has excellent visibility off the bustling intersection of
Long Beach Blvd. The building currently consists of two long term retail units, a Beauty Salon and Liquor Store. The Beauty Salon is approximately 720 sqft and the Liquor Store is approximately 3840 sqft. These two units combined come to the VERY large total of
4560 SQFT!!! Building comes with 3 total parking spaces and ample street parking. Tenants currently pay rents below market value; however, the property shows an amazing potential for future development. Don’t miss this excellent chance to invest in this VERY large two unit commercial property located in the developing area of North Long Beach. BUYER TO VERIFY ALL INFORMATION IN THIS LISTING. CALL NOW!
Primary Features
County:
Los Angeles
Price/SqFt:
184.21
Property Sub Type:
Retail
Property Type:
Commercial Sale
Year Built:
1928
Zoning:
Retail
Interior
Building Area Units:
Square Feet
Condo Area Units:
Square Feet
Heating:
yes
Heating Type:
Forced Air
Laundry Features:
None
Stories Total:
1
External
Lot Size Source:
Assessor
Minimum Total Area Units:
Square Feet
Water Source:
Public
Location
Country:
US
MLS Area Major:
7 - North Long Beach
Additional
Additional Parcels:
no
Building Status:
Existing
Co List Agent State License:
02008739
Co List Office State License:
01891056
Days On Market:
749
Land Use:
Retail
List Agent State License:
01372900
List Office State License:
01891056
Max Total Area Units:
Square Feet
Number Of Units Total:
2
Parcel Number:
7126027029
Financial
Accounting Type:
Actual
Cap Rate:
5.36
Effective Gross:
51600
Gross Scheduled Income:
51600
Net Operating Income:
45017
Operating Expense:
6583
Other Income 1:
1000
Special Listing Conditions:
Standard
Tax Year:
2016
Zoning Info
Area Info
© 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 04:20:55 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 04:20:55 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.
Contact - Listing ID WS19035258
Jignesh Patel
9001 Firestone Boulevard, 2nd Floor
Downey, CA 90241
Phone: 2134532572
Phone Alt: 2134532572
Data services provided by IDX Broker
