James Melton
James Melton, California Value Group, Inc.Phone: (714) 318-4664
Email: [email protected]

Real estate listing preview #1
listing
1 of 1
CommercialFor Sale
$2,200,000
208 W Anaheim Street
Long Beach, CA 90813
Listed by Mark Velasco DRE#01789768 [email protected] West Shores Realty, Inc.
MLS: California Regional MLS (CRMLS)
Est. Mortgage
$11,456/mo

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

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Information courtesy of West Shores Realty, Inc. is subject to verification and is not guaranteed.
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