208 W Anaheim Street Long Beach, CA ^$ 2,200,000

208 W Anaheim Street

^$ 2,200,000

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208 W Anaheim Street

Long Beach, CA, 90813

^$ 2,200,000

Studio Baths0.0 Sq 9,200

Monthly Estimate*

^$ 15,368

Listed by West Shores Realty, Inc.

208 W Anaheim Street, Long Beach, CA 90813 - Image 1

Studio

Commercial Property for sale in Long Beach, CA

for $2,200,000. This 9,200 square foot building was built in 1923 on a lot size of 0.1149.

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

Commercial Active

Price

^$ 2,200,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 0

Style

MixedUse

Lot Size

0.1149

Year Built

1923

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

DW23158483

Days on Market

247

Features

Exterior

Lot Features StreetLevel

Water Source Public

Lot Size Area 5003.0

Number of Buildings 1

Spa N

Building Area Total 9200.0

Lot Size Acres 0.1149

Lot Size Units SquareFeet

Lot Size Source Assessor

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

General

Year Built 1923

Property SubType MixedUse

County Los Angeles

Net Operating Income 223200.0

Operating Expense 111600.0

New Construction N

Property Type CommercialSale

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions ProbateListing

Status Active

Directions From 710 Fwy: East on Anaheim St for a half a mile

City Long Beach

View Y/N N

Senior Community Y/N N

Total Units 20

MLS Area 699 - Not Defined

Lot Size Square Feet 5003.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Number of Units Leased 2

Street Name Anaheim

Listing Terms Cash CashtoNewLoan CourtApproval

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 174

Building Area Units SquareFeet

Standard Status Active

Occupancy Description Owner

Property Sub Type Additional MixedUse

Cap Rate 7.44

Interior

Total Stories 2

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Street Suffix Street

Laundry Features CommonArea

Entry Level 1

Electric On Property Y/N N

Internal Only

Street Number 1 208

* Excluded Features

List By

West Shores Realty, Inc.

Broker

(310) 541-8000

Phone

Affordability Calculator

$15,368

Per Month

Monthly Principal & Interest: $15,368
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Long Beach, CA

Average List Price ^$1,472,555

Percent of Sale Price 33%

About Long Beach, CA

470,090 Population

2% Since 2002

^$57,916 Median Income

35.78 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/14/2023	$2,200,000	-26.67%	Price Down
8/24/2023	$3,000,000		Listed Price

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208 W Anaheim Street, Long Beach, CA, 90813 is a Commercial Property for sale at $2,200,000 with 9,200 sqft and a lot size of 0.1149. 208 W Anaheim Street is a studio with 0.0 baths and was built in 1923. The property's zip code is 90813 which is in Long Beach, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 4/27/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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208 W Anaheim Street

Commercial Property for sale in Long Beach, CA

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