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    2185 Pacific Avenue , #1

    Long Beach, CA 90806
    • $1,600,000
    • STATUS: Active
    • ON SITE: 52 days
    • ID#: SB20205296
    UPDATED: 29 min ago
    $1,600,000
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,612
      SQFT
    • $242
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1958
    County:

    School Ratings & Info

    Description

    AN EXCELLENT RESIDENTIAL AND AN IDEAL RETAIL LOCATION! CLOSE TO DOWNTOWN AND CLOSE TO THE BEACH. YOU DON'T WANT TO MISS. THIS PROPERTY CONSISTS OF 4-APARTMENTS ON SECOND FLOOR. ONE APARTMENT WITH 2-BEDS, 1.5-BATHS, AND SECOND UNIT CONSISTS OF 2-BEDS, 2-BATHS WITH LAUNDRY HOOK UP INSIDE THE UNIT. TWO APARTMENTS WITH 1-BED, 1-BATH. TWO RETAIL PACES ON GROUND LEVEL. EXCELLENT WALKING TRAFFIC. BUS STOP/LINE-182 IS 10-FEET FROM THE FRONT LOCATION AND CLOSE TO THE TRAIN STATION. THIS PARCEL HAS TWO RETAIL BUSINESSES ON GROUND LEVEL. ONE BUSINESS IS A COMPUTER/PHONE REPAIR SHOP WITH APPROXIMATELY 1700 SQ FT. SECOND RETAIL BUSINESS SPACE IS VACANT WITH APPROXIMATELY 1700 SQ FT. THREE ASSIGNED COVERED GARAGES WITH KEYS FOR AN ADDITIONAL INCOME. POTENTIAL REVENUE FROM ALL 4-RESIDENTIAL UNITS AND 2- RETAIL STORES COULD BE OVER $11,000/MONTH.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-12-04T08:27:40.32. 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 deemed reliable but is not guaranteed accurate by the MLS or Wendy Rich-Soto and Associates | Keller Williams Realty, LA Harbor. Licensed in the State of California, USA.

    www.sellinglasouthbay.com/homes/110942493
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    2185 Pacific Avenue , #1 Long Beach, CA 90806

    • Price: $1,600,000
    • Status: Active
    • Updated: 29 min ago
    • ID#: SB20205296
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    6,612
    SQFT
    $242
    $/SQFT
    1958
    Built
    Neighborhood:
    7 - North Long Beach
    County:
    Los Angeles
    Area:
    7 - North Long Beach
    Property Description
    AN EXCELLENT RESIDENTIAL AND AN IDEAL RETAIL LOCATION! CLOSE TO DOWNTOWN AND CLOSE TO THE BEACH. YOU DON'T WANT TO MISS. THIS PROPERTY CONSISTS OF 4-APARTMENTS ON SECOND FLOOR. ONE APARTMENT WITH 2-BEDS, 1.5-BATHS, AND SECOND UNIT CONSISTS OF 2-BEDS, 2-BATHS WITH LAUNDRY HOOK UP INSIDE THE UNIT. TWO APARTMENTS WITH 1-BED, 1-BATH. TWO RETAIL PACES ON GROUND LEVEL. EXCELLENT WALKING TRAFFIC. BUS STOP/LINE-182 IS 10-FEET FROM THE FRONT LOCATION AND CLOSE TO THE TRAIN STATION. THIS PARCEL HAS TWO RETAIL BUSINESSES ON GROUND LEVEL. ONE BUSINESS IS A COMPUTER/PHONE REPAIR SHOP WITH APPROXIMATELY 1700 SQ FT. SECOND RETAIL BUSINESS SPACE IS VACANT WITH APPROXIMATELY 1700 SQ FT. THREE ASSIGNED COVERED GARAGES WITH KEYS FOR AN ADDITIONAL INCOME. POTENTIAL REVENUE FROM ALL 4-RESIDENTIAL UNITS AND 2- RETAIL STORES COULD BE OVER $11,000/MONTH.
    Exterior Features

    Construction Materials Stucco Entry Level 30 Fence YN Yes Fencing GlassStucco Wall Lot Features 6-10 Units/AcreLevel With StreetFlag LotPaved Lot Size Dimensions 40'X117' Lot Size Source Assessor Lot Size Units Square Feet Parking Total 3.00 Roof CompositionFlat Topography Flat

    Interior Features

    Building Features Living QuartersPhone SystemTv System Clearance Height Min 8.00 Condo Area Units Square Feet Cooling None Cooling YN No Heating Wall Furnace Heating YN Yes Laundry Features Common AreaDryer IncludedGas & Electric Dryer HookupInsideWasher Included

    Property Features

    Accounting Type Actual Additional Parcels YN No Anchors Co Tenants 0 Asset Class Retail Building Area Units Square Feet Building Status Existing Business Type Computer Cap Rate 5.00 Country Us Current Financing None Effective Gross 92400 Electric 220 Volts in LaundryElectricity - On PropertyStandard Electric Expense 200.00 Expense Year 2019 Gross Scheduled Income 7700.00 Insurance Expense 3000.00 Investment Property YN No Land Lease YN No Land Use Retail Laundry Equipment Own Lease Lease Laundry Income 150.00 Laundry YN Yes Leasable Area Units Square Feet Lease Considered YN No Lot Dimensions Source Estimated Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 81400.00 Number Of Units Leased 6 Occupancy Available Operating Expense 11000.00 Property Sub Type Mixed Use Real Estate Tax Expense 4678.00 Residential Square Footage 3100 Retail Center Type Mixed Use Retail Square Footage 3400 Security Features Gated CommunitySmoke Detector(S) Special Listing Conditions Standard Total Expenses 3500.00 Total Monthly Rent 7550 Trash Expense 100.00 Utilities Electricity AvailableElectricity ConnectedNatural Gas AvailablePhone AvailablePhone ConnectedSewer ConnectedWater AvailableWater Connected Voltage 110 Water Sewer Expense 200.00 Water Source Public Year Built Source Assessor Zoning Lbcnp

    Listing provided courtesy of Nadeem Rahim of Realty One Group United


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-12-04T08:27:40.32. 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 deemed reliable but is not guaranteed accurate by the MLS or Wendy Rich-Soto and Associates | Keller Williams Realty, LA Harbor. Licensed in the State of California, USA.

     
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    28901 S. Western Avenue #139
    Rancho Palos Verdes CA, 90731