208 W Anaheim St, Long Beach, CA 90813 | For Sale

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For Sale $2,200,000

$2,200,000
  • (0)
  • 20 Units
  • Unknown Sq Ft
  • 5,003 Sq Ft
  • Unknown Cap Rate

Description

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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Amenities

Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt

Income

Rental Units


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Expenses

Property Details

List Price $2,200,000
Property Type Flex Space
Usable Sqft Unknown
Number of Stories 2 stories
Parking Spots 0 spots
Year Built 1923
Last Sold Unknown
Sold Price Unknown
APN # 7272001002
MLS # DW23158483
Property ID 318685824
Lot Sqft 5,003
Zoning Unknown
Total Units 20
Days on Market 835
Original List Price $3,000,000
Date Updated September 30, 2024
Date Created August 23, 2023

Financials not available online. Please inquire with your agent for more details.

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Listing Provided By

Mark Velasco an agent of . Lic #01789768


© 2025 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of September 30, 2024 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.



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