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

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listing
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Residential IncomeFor Sale
$1,650,000
2503 Santa Fe Avenue
Long Beach, CA 90810
Listed by Jocelyn Thav DRE#01464845 [email protected] Jocelyn Thav, Broker
MLS: California Regional MLS (CRMLS)
Est. Mortgage
$8,617/mo

A Rare find for investor. Seller Financing may be available depending. High generating income property at approx $150,000 yearly. Property is offer over 7.30% cap rate which is rare in this market. Property consist of (1) commercial building and (5) one bedroom and one bath unit apartments. Tenants are long term and a few have lived on the premise for over 20yrs. The commercial Tailgate Bar has been in business for a very long time and is a local spot for the locals. Commercial Tenant is responsible for all utilities, repair and maintenance pertaining to interior and exterior of the building. Low management. The residential units have all been renovated with vinyl and tile flooring, all except one have new kitchen cabinets and quartz countertop and brand new vinyl, retrofit, dual glazed, low E windows. Building has also been freshly painted exterior. All great tenants and great relationship with Landlord. Landlord only pays water and landscaping. Low expenses. Residential address is 1709 W 25th Street, Long Beach, CA 90810. This property is self managed by owners with ease for over 10years with almost no vacancy in the last 10years. No shortage of renters for the area. Seller Financing may be available depending.

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Information courtesy of Jocelyn Thav, Broker is subject to verification and is not guaranteed.
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