Active
208 W Anaheim Street
Long Beach CA, 90813
$2,200,000
$239.13 per sqft
Active
9,200 sqft
Commercial
Built in 1923
Listed by Mark Velasco with West Shores Realty, Inc. 626-392-9499
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
DW23158483
MLSⓇ ID
August 24, 2023
Listed
October 17, 2024
Updated
Map
208 W Anaheim Street
Long Beach CA, 90813
Interior Features
Total Stories
2
Laundry Description
Common Area
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.11 Acres
Lot Features
Street Level
Other Property Details
Area Name
699 - Not Defined
Days on Market
355
Garage
No
View
No
County
Los Angeles
Water Source
Public
Pool
No
Listing History
Date | Event | Price |
|---|---|---|
11/14/2023 | Price change | $2,200,000 -27% |
Listing Contact: 310-541-8000
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Data last updated on 10/17/2024 at 10:03 AM UTC