5440 Long Beach Boulevard

    Long Beach, CA 90805
    • $840,000
    • STATUS: Active
    • ON SITE: 235 days
    • ID#: WS19035258
    UPDATED: 58 min ago
    $840,000
    • 0
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,560
      SQFT
    • $184
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1928
    County:

    School Ratings & Info

    Description

    Incredible opportunity to purchase this two unit commercial retail unit located near the popular adjacent areas of Bixiby Knolls andLakewood. Located in the northern part of Long Beach, the subject property has excellent visibility off the bustling intersection ofLong 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 of4560 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+GGt 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!

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-20T12:35:52.683. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Crudo & Associates | Willis Allen Real EstateLa Jolla. Licensed in the State of California, USA.
    www.sdluxe.com/homes/92159050

    5440 Long Beach Boulevard Long Beach, CA 90805

    • Price: $840,000
    • Status: Active
    • Updated: 58 min ago
    • ID#: WS19035258
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    4,560
    SQFT
    $184
    $/SQFT
    1928
    Built
    Neighborhood:
    7 - North Long Beach
    County:
    Los Angeles
    Area:
    7 - North Long Beach
    Property Description
    Incredible opportunity to purchase this two unit commercial retail unit located near the popular adjacent areas of Bixiby Knolls andLakewood. Located in the northern part of Long Beach, the subject property has excellent visibility off the bustling intersection ofLong 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 of4560 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+GGt 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!
    Exterior Features

    Lot Features Near Public Transit Lot Size Source Assessor Lot Size Units Square Feet

    Interior Features

    Condo Area Units Square Feet Heating Forced Air Heating YN Yes Laundry Features None

    Property Features

    Accounting Type Actual Additional Parcels YN No Building Area Units Square Feet Building Status Existing Cap Rate 5.36 Country Us Effective Gross 51600 Gross Scheduled Income 51600.00 Land Use Retail Laundry YN No Leasable Area Units Square Feet Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 45017.00 Operating Expense 6583.00 Other Income1 1000.00 Property Sub Type Retail Special Listing Conditions Standard Tax Year 2016 Water Source Public Zoning Retail

    Listing provided courtesy of Bing Wu of Lou Edwards Financial Inc. and Anthony Mangahis Labao of


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-20T12:35:52.683. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Crudo & Associates | Willis Allen Real EstateLa Jolla. Licensed in the State of California, USA.
     
    Crudo & Associates | Willis Allen Real EstateLa Jolla
    1131 Wall St.
    La Jolla CA, 92037