208 W Anaheim Street
Long Beach, CA 90813
$800,000.00 (-26.67%)
Active for $2,200,000
Beds: N/A Baths: N/A Structure Size: N/A sqft Lot Size: 5,003 sqft
| MLS | DW23158483 |
| Year Built | 1923 |
| Property Type | Mixed Use |
| County | Los Angeles |
| Status | Active |
| Active | $2,200,000 |
| Structure Size | N/A sqft |
| Lot Size | 5,003 sqft |
| Beds | N/A |
| Baths | N/A |
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
Listing information courtesy of: Mark Velasco, West Shores Realty, Inc. . *Based on information from the Association of REALTORS/Multiple Listing as of 10/21/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.
Location
Contact a Local Realtor®
Brenda Ashby
REALTOR®
Direct: 310.488.2592
Email: Email Me
DRE: 01700249
DRE #01873088
.png){kind=small}