Owner occupied office building. Owner will vacate property after closing. All information has not been verified for accuracy. Buyer is advised to independently verify the accuracy of all information.
14 units in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI. Priced at 11.3X GRM and 5.6% CAP on current rents - with upside to a 5.9% CAP. The property is professionally managed and well maintained. Some units have updated kitchens, baths and flooring. The property also just received updated landscaping and paint. The building features and excellent unit mix for the area and is located blocks from $8BB worth of redevelopment in the Down Town Long Beach area. There is no onsite parking but there is onsite laundry. The electrical is Siemens - it's a 200 AMP main panel with 30 AMP subpanels (Buyer to verify). EMAIL LA FOR MORE INFO INCLUDING A CURRENT RENT ROLL AND ACTUAL EXPENSES.
***Just reduced by $220,000***6.8% Cap Rate***SIX unit building just north of Downtown Long Beach. Property consists of a 4 bed 2 bath Craftsman single family home in front, and a rear building with 5 additional units (TWO 2bed 1 bath units, TWO 1 bed 1 bath units, and ONE non-conforming 2 bed 1 bath basement apartment). Amenities include on-site parking, on-site laundry for extra income, and an upstairs observation deck with 360-degree views of the San Gabriel Mountains, the Downtown skyline, and Palos Verdes Peninsula. All tenants are long-term multiple-year occupants on month-to-month rental contracts. These extremely well-performing units are all month to month with wonderful long-term tenants, a 6.8% Cap rate and tons of growth potential!
This high vacancy corner lot C2 zoned property presents a prime opportunity for an owner-user with attractive 90% SBA Financing available, or an investor or developer. Located just blocks away from historic downtown San Pedro, and nearby Cabrillo Marina, San Pedro High School, and the work-in-progress waterfront development, this property is well positioned with 124 feet frontage on Gaffey Street with approxmiately 28,000 vehicle per day traffic. San Pedro is home to North America's largest port at the LA Waterfront and boasts unprecedented opportunity for expansion with almost 5000 housing starts in various stages of development in and around San Pedro, and multiple commercial developments ready to break ground in Downtown and on the LA Waterfront. Less than 3 miles to the Palos Verdes Peninsula, 5 miles to Long Beach, and just 20 miles south of downtown Los Angeles, this centrally located single-story retail building provides easy access to and from the remainder of Southern California.
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
Back units need some work. Great starter units for handy investor. The third building has four detached garages and one parking space. Great upsides potential in the area. Building has character. Some units have laundry hookups. Located near the mass transit line on Pacific Coast Metro and the Anaheim Station A lines. The property is a short distance to the historic Pine Avenue., bike trail, churches, schools, restaurants brewery and Rainbow Harbor. Located on a 7733 square foot lot. If you drive the area you can see that it is improving. The analysis is a wild guess of the expenses and gross income
338 Cedar Avenue is a 17-unit apartment asset in Downtown Long Beach. The property is offered at 11.42 GRM on current rents. The property is comprised of (2) three- bedroom units, (5) two-bedroom units, and (10) one-bedroom units. All of the units have been fully remodeled with recessed lighting, new flooring, new kitchen countertops, cabinetry, and stainless steel appliance, new bathroom vanities, tiling, and modern fixtures and features throughout. All renovated units offer in-unit washers and dryers. The property is located in prime Downtown Long Beach, steps from a plethora of retail and dining amenities as well as the $520M, 22-acre Civic Center redevelopment, and a two-minute walk to the Metro A Blue Line Pacific Station stop.
19 Room and 1 Mangers Housing Motel for Sale in Downtown Long Beach. All Rooms and Bathrooms have been renovated in the recent years. Property sits on a large lot with lots of available parking. Managers units is 1 bedroom with 1 full bath. Property has in house laundry with maid service. Close to the 710 Freeway Between 7th Street and Anaheim. Business is excluded from sale. Gross Income is 445,000/YTD
Commercial office building in prime location of Lomita, 24309 Narbonne Ave. Well maintained 8545 Sqft on 14553 Sqft lot, with 3 units at street level that could be retail store. 9 offices, 6 Bathrooms, kitchen with dining and a large top floor office. 20+ parking space secured with gate. City could allow to split to 6 to 8 units to have separate electric meter. Development opportunity to multifamily / apartment similar to 24319 Narbonne. Buyers to verify all information, permitted uses, parking, Squarefootage, Zoning etc... Building is occupied by the owner "no tenants in place" and will be delivered vacant at closing.
Welcome to this unique mixed-use property located in the vibrant community of San Pedro! This property offers an exciting opportunity for investors or owner-occupiers alike. Situated in a bustling neighborhood, this versatile property features two retail spaces and a charming single-family house. The first retail space is currently home to a thriving dog grooming business, providing a steady rental income. The second retail space houses a bustling barbershop. Both businesses benefit from high foot traffic and loyal clientele. Nestled behind the retail spaces is a cozy single-family house, boasting 2 bedrooms, 1 bathroom, and a detached garage. With a spacious layout and ample natural light, this residence offers comfortable living spaces and modern amenities. This unit provides additional income and completes this dynamic investment opportunity. Conveniently located near shops, restaurants, and public transportation, this property offers convenience and accessibility for both tenants and residents. Whether you're looking to expand your investment portfolio or establish your business in a thriving community, this mixed-use property in San Pedro is sure to impress. Don't miss out on this rare chance to own a piece of this vibrant neighborhood.
Introducing an unparalleled opportunity in the heart of Lomita. Welcome to 24123 Narbonne Avenue, a captivating and meticulously crafted property poised on a sprawling 6,382-square-foot lot, featuring a meticulously designed building spanning 1,540 square feet. Nestled on the coveted West side of Narbonne Avenue, this property commands attention with its exceptional visibility and prime frontage along a bustling, pedestrian-friendly thoroughfare. Boasting a versatile layout, the building is currently outfitted with a full-service bar and two well-appointed bathrooms and sustains a 10-year old roof. Step outside onto the inviting front patio, complete with bar seating, offering the perfect setting for al fresco gatherings. Enhancing the ambiance, a sizable window effortlessly transforms into an open-air experience, seamlessly blending indoor comfort with outdoor allure. A rear door leads to a private back space, ideal for hosting exclusive events, while providing access to ample parking accommodations. With eight dedicated parking spaces, including one handicap-accessible spot, and ample room for potential expansion, this property ensures flexibility for future growth and adaptation to evolving needs. Don't miss this rare opportunity to secure a prime commercial space in one of Lo
Welcome to 201-231-245 PCH, a premier real estate development project consists of 3 parcels combined strategically located in the thriving city of Long Beach. This meticulously planned mixed-use development offers investors and developers a rare opportunity to acquire a fully entitled project, eliminating entitlement risk and reducing carrying costs. Situated in an Opportunity Zone designation, 201-231-245 PCH provides significant tax advantages for long-term real estate investors, including the deferral and potential elimination of capital gains tax. Key Features: Existing supermarket on the first parcel and raw land for the 2 other parcels. Entitlements and Approved Plans: With entitlements secured and existing architectural plans in place, 201-231-245 PCH streamlines the development process, saving time and resources. Developers can seamlessly move forward with construction, maximizing efficiency and profitability. Strategic Location: Nestled at the corner of Pacific Coast Hwy and Pacific Ave, 201-231-245 PCH enjoys prime visibility and accessibility in the heart of Long Beach. Spanning 1.59 acres across four parcels of land, the project offers ample space for residential and commercial development. Mixed-Use Concept: Boasting 182,000 sqft of residential and commercial spaces
Great opportunity to purchase a freestanding warehouse on a corner lot in San Pedro. Previously an auto-body shop, this 1,740 square foot warehouse with high ceilings and an upstairs office has its own fenced-in parking lot that can fit 7 cars or more! Inside has space to fit 4 or more cars side by side (possibly 2 tandem depending on car size). Two entry doors, 2 tall two-car garage doors, bathroom on first floor, great street visibility and easy driveway access for unloading & loading.Located near restaurants, shopping, 22nd Street Landing, Cabrillo Beach, and the rising development of Ports O'Call Village. The city of San Pedro is rapidly improving to be future home/business hub of great innovators. Don't miss this amazing opportunity!!!
Super Coin Laundry with a high return. Located on a busy intersection off of Pacific Ave and Pacific Coast Highway. 3 Bed 1 bath apartment on second level of business with 10 parking spaces. Also includes an extra large storage space.
This building was a single family home long time ago. Currently it is being used as a Veterinarian Hospital. Sellers are in the process of consolidating their few locations. It has about 6 PLUS examination rooms, full fledged laboratory, kennel and a large yard. Ample parking on the property and on adjoining lot of KFC Because it is a PRIME location it can be used for many other Occupations like Medical, Dental and OTHERS Very close to Torrance and surrounding areas. Sellers have completely RENOVATED this building with NEW Flooring, Counter Tops with NEW Cabinets, Drawers, DOORS, NEW Sinks, Some of the NEW windows, Brand New accented Lights, Bathrooms with Handicap access, Recessed Lights, Internet (ethernet connections), New Electric, New Inside/Outside Paint. Yard is completely cemented with Slope for water to flow out.
Newer commercial retail building in "Anaheim Pine Plaza". Located on the corner of major street of Anaheim Street and Pine Ave(next to Pacific Ave). 2 stable tenants - LPB Convenience Store and Veronica's Insurance. Building size is 4,467 sf on the 13,853 sf lot. Rebuilt in 2008, the property is very clean and newer condition. Separate electrical, air conditioning and heating unit. More than enough 20 parking spaces. LPB Convenience Store has 10 year long term tenancy and Veronica Insurance has over 17 stores in Southern California. Both tenant is Rent + NNN with 3% annual rent increase.
Live/work and medical/dental conversion allowed per the City of Long Beach. Owner Would Consider Carry-Bank Financing to Qualified Buyers. We are please to present this renovated and vacant in-fill retail building on the highly trafficked Pacific Avenue retail corridor in Long Beach's famed South Wrigley shopping corridor. The property is located just blocks from the Northgate Market, The Wrigley Tavern, Happy Thai, Wicked Wolf Long Beach, Gaucho Beach Cafe and Gabriel's Burgers. This fully vacant building is also offered for lease at $1.80 per square foot, modified gross, making this a pro forma 9.4% cap rate upon stabilization. The building has been renovated and includes a roof replacement with a 5 year warranty, clean interiors, new HVAC systems in each retail unit and common area, four car parking in the rear, a roll-up door in the rear, high ceilings, 40' of frontage on Pacific Ave, a 600 AMP electrical panel that is not currently connected, fresh paint, and a clean interior. Flexible LBCNP zoning allows for several uses including live-work lofts, restaurants and professional offices. This is perfect for an owner-user wanting to take advantage of SBA or other commercial financing opportunities, or an investor wanting to collect a 9.4% stabilized cap rate return upon complet
This property is in a great location, where the famous Dalquest preschool resided, and is walking distance to Providence Little Company of Mary Hospital, a pharmacy, post office, bus station, elementary school, restaurants, and dental & doctor offices. Potential uses are a preschool, medical office, surgery center, urgent care, dental clinic, veterinary clinic, senior living, rehabilitation clinic/rehab homes, physical therapy, gym or warehouse. Plans were approved for a surgery center but have expired. Access the property from both 7th street or the back alley, which has a wide gate for up to 3 cars/trucks to potentially park in. There are new kitchen cabinets, quartz counter tops and sinks, and the kitcehen also has handicap access. There are also new exterior doors and acoustic ceiling tiles. There is new vinyl flooring and wood base moldings. The building is painted both inside and outside, and there are plans to add a handicap ramp. This asset has a handicap restroom as well as 3 regular restrooms, there is also space to add a laundry room and/or a shower. The copper plumbing and plumbing fixtures are all new, toilets, faucets and sewer are upgraded and new. Each of the large rooms also has its own sink. The roof has been repaired, the electrical is upgraded, and there are n
1533 W 224th St is a 6-unit Apartment Building constructed in 1986. Nestled in the vibrant neighborhood of Torrance, CA, this charming property offers residents a blend of modern comfort and urban convenience. The property provides an investor the opportunity to significantly improve the rents to be in line with the current rental market. This property is perfect for an investor looking for a value-added opportunity located in a growing rental market. Boasting a strategic location just minutes from the Pacific Ocean, this property taps into Torrance's allure as a hub of economic activity and coastal living, offering investors a gateway to the thriving South Bay region of Los Angeles County. Investors at 1533 W 224th St benefit from the city's diverse business landscape and strong job market, positioning this property as a lucrative asset in any portfolio.Additionally, the property enjoys easy access to several major highways, including Interstate 405 (I-405), Interstate 110 (I-110), and State Route 1 (SR-1), providing convenient routes for commuters traveling throughout the Greater Los Angeles area. With its desirable location, modern amenities, and proximity to parks, beaches, and major highways, 1533 W 224th St presents an exceptional opportunity for those seeking to blend stab
Welcome to your next investment opportunity! 2225-2231 Pacific is a prime retail, office building in the Wrigley Village retail corridor offering 112 feet of frontage on walkable Pacific Avenue. Boasting a large rentable space of 4,920 square feet, your options are endless with a variety of allowed uses. The property has been in the same ownership for over 20 years. The space is currently built out with 3 suites and 6 parking spaces in a gated entry at the rear. This building is perfect for an Investor or an Owner User, a 1031 Exchange, or a SBA loan with 10% Down. Tons of upside potential here with steady changes in the area. You can benefit from tremendous value-add as all tenants are on month to month tenancy paying below market rents. The property originally had 4 suites but two suites have been converted into one larger suite (but can easily be converted back). Neighboring areas are Signal Hill, Wrigley Heights, and Downtown Long Beach. The property is also located in the MJ Hemp zone which allow tons of business opportunity and situated conveniently near the 405 and 710 freeways. Please check with the City of Long Beach for all zoning and usage.
Rare Multifaceted High-Revenue Mixed-Use Property with Vast Upside Potential in Long Beach! Dive into this diversified investment, a mixed-use property yielding strong revenue with upside potential and preliminary redevelopment concept plans. Nestled in an evolving Long Beach neighborhood, this compelling asset covers two lots with separate APN's, merging lucrative commercial operations with updated residential spaces for a dynamic revenue stream. The front building features two retail store fronts on the ground level, and upstairs a three bedroom apartment features dual primary sized rooms with a common bathroom. The rear duplex qualifies as a multi-family residential duplex. Upstairs at the rear you'll find a two-bedroom apartment (converted) with great balcony space and tons of daylight. Downstairs rear is a large one bedroom apartment. Each residential unit has its own new laundry in-unit and there's a long driveway with off-street parking at the back. The two separate APN's of this purchase opportunity could allow for conventional financing of the rear duplex, increasing attainability for newer or first time investors. The allure of this property extends beyond its current income generating capabilities to a future filled with promise, highlighted by the preliminary sketches
Introducing 1716 Locust Avenue, an investment opportunity in the heart of Long Beach, California (90813). This cash-flowing gem has been maintained by current ownership since 2015. The subject property comprises Eight units, featuring a well-balanced mix of two 1-bedroom/1-bathroom units and six 2-bedroom/1-bathroom units. If your looking for a strong cash flow on day 1 with a potential 16% more upside, then look no further. This prime investment opportunity not only offers a stable income stream with a gross income of $166,920 and a solid net income of $109,175 annually but also addresses Long Beach's parking challenges. With an on-site parking, this property provides a valuable solution to the city's parking constraints. Don't miss the chance to acquire a premium property in the thriving Long Beach market, poised for both immediate returns and long-term value.
Introducing 928 Long Beach Blvd: A Remarkable Downtown Long Beach Investment located in the Opportunity Zone where there are many benefits from the city as an investor. A meticulously crafted twelve-unit apartment complex that beckons astute investors and visionary minds. Encompassing a sprawling 12,537 square foot parcel, with an impressive 6,793 square feet of thoughtfully designed of rentable space, long term tenants, fresh landscaping, room for rent increase, prime location of down-town Long Beach, consist of 2 separate parcels that makes it an amazing opportunity ready for a developer or a builder to start right away. This property enjoys proximity to an array of urban conveniences. A dynamic rental market, coupled with easy access to amenities, entertainment, freeways, and transportation hubs.
Welcome to an exceptional investment opportunity in the heart of Long Beach, California! Presenting a well-maintained multi-family building with 13 apartments, this property is a prime addition to any discerning investor's portfolio. Current rents are below market rents, and have potential for increase. As opposed to most multi-family properties in Long Beach, the apartment size of 900 Sqft. each and 2 units of 1,100 & 1,400 sqft, because of the size of each unit (900 sqft), investors can change the units from 1 bedroom to 2 bedrooms, and increase the rent. make the units very spacious and desirable. Situated just off Long Beach Blvd. and 20th Street, this multi-family building enjoys proximity to convenient city amenities, renowned beaches, and convenient access to major thoroughfares. With potential rent increase, this property offers a very lucrative income, making it a very savvy investment. New roof installed in 2019 as well as a new sewer line.
