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$995,000
Est. payment /mo
4,395 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID DW26118526
HOA Y/N No
Year Built 1958
Lot Size 4,395 Sqft
Property Sub-Type Mixed Use
Property Description
ONE OF THE LOWEST-PRICED COMMERCIAL PROPERTIES IN LONG BEACH! Rare mixed-use investment and owner-user opportunity in a high-visibility Long Beach location. The property features two residential units upstairs and two commercial storefronts, providing multiple potential income streams.
Three leased units currently generate approximately $5,350 per month in rental income. The remaining commercial space is currently used by an established mini-market business and is offered separately. A buyer may continue operating the business or potentially reposition or lease the space for another retail or service use. The projected market rent for this space is approximately $2,300 per month, bringing the property's projected gross rental income to approximately $7,650 per month, or $91,800 annually, if fully rented.
Additional features include rear parking, alley access, strong street visibility, and convenient access to schools, parks, and neighborhood amenities—an excellent opportunity for an investor or owner-user seeking existing income, flexibility, and future upside. Buyer to verify all rents, leases, expenses, business financials, permitted uses, and projected income.
Three leased units currently generate approximately $5,350 per month in rental income. The remaining commercial space is currently used by an established mini-market business and is offered separately. A buyer may continue operating the business or potentially reposition or lease the space for another retail or service use. The projected market rent for this space is approximately $2,300 per month, bringing the property's projected gross rental income to approximately $7,650 per month, or $91,800 annually, if fully rented.
Additional features include rear parking, alley access, strong street visibility, and convenient access to schools, parks, and neighborhood amenities—an excellent opportunity for an investor or owner-user seeking existing income, flexibility, and future upside. Buyer to verify all rents, leases, expenses, business financials, permitted uses, and projected income.
Location
State CA
County Los Angeles
Area 11 - Westside
Interior
Inclusions Refrigerators, freezers
Fireplace No
Laundry None
Exterior
Community Features Park
Roof Type Flat
Building
Lot Description 0-1 Unit/Acre, Back Yard, No Landscaping, Near Park, Near Public Transit, Paved, Walkstreet
Story 2
Water Public
Others
Tax ID 7402015002
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Special Listing Condition Standard
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Listed by David Gomez Realty Executives Com. & Res. 323-715-6261, DRE #01805497
NEARBY SCHOOL & BUSINESS
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