Overview
- Updated On:
- May 1, 2024
Property 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
Address: 208 W Anaheim Street
City: Long Beach
State/County: Los Angeles
Zip: 90813
Country: US
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Property Id : 348737
Price: $ 2,200,000
Property Lot Size: 0 ft2
$ 11,279.84
per month- Principal and Interest
- Property Tax
- HOA fee
$ 8,529.84
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