2749 E Anaheim Street

    Long Beach, CA 90804
    • $799,000
    • STATUS: Active
    • ON SITE: 258 days
    • ID#: OC19048600
    UPDATED: 56 min ago
    $799,000
    • 0
      BEDS
    • 0.09
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,660
      SQFT
    • $218
      $/SQFT
    Type:
    Commercial
    Built:
    1924
    County:

    School Ratings & Info

    Description

    We are very excited to present this incredible 3 unit investment opportunity to 2745-2749 E. Anaheim St. Long Beach CA 90804. This historic building is located in the well known Zaferia Art and Business district. Zaferia has always been labeled as have a unique personality and a degree of edginess and set apart from other business districts located in the city of Long Beach. The east Anaheim corridor serves as the main artery of Long Beach and Zaferia is located in the heart of the city. The streets are lined with lively bars, eclectic, and unique restaurants and wonderful performing arts theaters.This 3 unit, 3,660 Sq. Ft. Building is located on a 4,038 Sq. Ft. lot located next to the United States Post Office. Located on the corner of E. Anaheim and Temple St. There is plenty of ample street parking as well as exposure and high foot traffic. Located just minutes away from the traffic circle and the 405 freeway, This is an incredible location to have as an owner occupied building or to keep as an investment. Already offering a 5.1% cap rate, these below market rents offer an investor the opportunity to achieve nearly a 6.8% cap rate. This is the ideal opportunity for an exchange buyer or for an owner looking to cash flow.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-18T15:30:58.35. 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 Allison James Estates and Homes. Licensed in the State of California, USA.
    www.teamforss.com/homes/92341298

    2749 E Anaheim Street Long Beach, CA 90804

    • Price: $799,000
    • Status: Active
    • Updated: 56 min ago
    • ID#: OC19048600
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.09
    Acres
    3,660
    SQFT
    $218
    $/SQFT
    1924
    Built
    Neighborhood:
    3 - Eastside, Circle Area
    County:
    Los Angeles
    Area:
    3 - Eastside, Circle Area
    Property Description
    We are very excited to present this incredible 3 unit investment opportunity to 2745-2749 E. Anaheim St. Long Beach CA 90804. This historic building is located in the well known Zaferia Art and Business district. Zaferia has always been labeled as have a unique personality and a degree of edginess and set apart from other business districts located in the city of Long Beach. The east Anaheim corridor serves as the main artery of Long Beach and Zaferia is located in the heart of the city. The streets are lined with lively bars, eclectic, and unique restaurants and wonderful performing arts theaters.This 3 unit, 3,660 Sq. Ft. Building is located on a 4,038 Sq. Ft. lot located next to the United States Post Office. Located on the corner of E. Anaheim and Temple St. There is plenty of ample street parking as well as exposure and high foot traffic. Located just minutes away from the traffic circle and the 405 freeway, This is an incredible location to have as an owner occupied building or to keep as an investment. Already offering a 5.1% cap rate, these below market rents offer an investor the opportunity to achieve nearly a 6.8% cap rate. This is the ideal opportunity for an exchange buyer or for an owner looking to cash flow.
    Exterior Features

    Construction Materials BlockStucco Lot Features 0-1 Unit/AcreNear Public Transit Lot Size Source Assessor Lot Size Units Square Feet Roof Flat Topography Rolling

    Interior Features

    Condo Area Units Square Feet Laundry Features None

    Property Features

    Accounting Type Actual Additional Parcels YN No Asset Class Retail Building Area Units Square Feet Building Status Existing Cap Rate 5.10 Country Us Electric 220 VoltsElectricity - On Property Gross Scheduled Income 57000.00 Insurance Expense 2754.14 Land Use Retail Laundry YN No Leasable Area Units Square Feet Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 45718.29 Number Of Units Leased 3 Operating Expense 11219.14 Property Sub Type Retail Real Estate Tax Expense 7645.00 Retail Center Type Mixed Use Security Features Fire Sprinkler System Special Listing Conditions Standard Total Expenses 11219.14 Utilities Electricity ConnectedNatural Gas ConnectedWater Connected Water Sewer Expense 900.00 Water Source Public Year Built Source Estimated

    Listing provided courtesy of Joshua Wilson of Legacy One Real Estate


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-18T15:30:58.35. 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 Allison James Estates and Homes. Licensed in the State of California, USA.
     
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