208 W Anaheim Street, Long Beach, CA 90813

  • $2,200,000
  • $239
208 W Anaheim Street, Long Beach, CA 90813
  • Commercial Sale
  • Property Type
  • 1923
  • Year Built
For Sale
208 W Anaheim Street, Long Beach, CA 90813
  • $2,200,000
  • $239

Overview

Property ID: SGR-11651064
  • Commercial Sale
  • Property Type
  • 1923
  • Year Built

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 208 W Anaheim Street
  • City Long Beach
  • State/county CA
  • Zip/Postal Code 90813
  • Area 699 - Not Defined
  • Country United States

Details

Updated on May 5, 2024 at 1:36 pm
  • Property ID: SGR-11651064
  • Price: $2,200,000
  • Land Area: 5003.00 m²
  • Year Built: 1923
  • Property Type: Commercial Sale
  • Property Status: For Sale
  • Living Area: 9200.00
  • MLS#: DW23158483
  • Office Name: WEST SHORES REALTY, INC.
  • Agent Name: Mark Velasco
  • MLS Status: Active
  • Living Area Prefix: Sqft
  • Agent State License: 01789768
  • IDX Contact Info: 626-392-9499

Additional details

  • County: Los Angeles
  • Property SubType: Mixed Use
  • Water Source: Public

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