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963 Alamitos Avenue

Long Beach, CA 90813
  • $700,000
  • STATUS: Active Under Contract
  • ON SITE: 120 Days
  • ID#: SB22039668
Under Contract
UPDATED: 30 min ago
$700,000
  • 0
    BEDS
  • 0.09
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1963
County:

School Ratings & Info

Listing Agent(s): Anthony Walker of Buckingham Investments, Inc (310 982-7055)


Description

This property may be sold individually or as part of a 4 parcel, 13,779 lot square foot portfolio for $1,500,000. This individual listing includes 2 parcels, 7274-023-003 (auto repair shop) and 7274-023-004 (parking lot). Phase I and II environmental reports already complete. Highly visible signalized intersection with a day-to-day traffic count of 20,800 cars. Full portfolio includes 4 contiguous lots with potential to build up to 22 residential units plus an additional 3 ADU's. Strong income in place while waiting for entitlements at a 4.3% cap rate. Existing property is an auto repair shop of 2355 square feet on 6570 square feet of land including the vacant lot West of the shop. 4 bays plus office, rented for $3500 month to month.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-06-30T20:33:33.37. 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 Berkshire Hathaway HomeServices California Properties. Licensed in the State of California, USA.
www.kevinhillre.com/homes/126233292
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963 Alamitos Avenue Long Beach, CA 90813

  • Price: $700,000
  • Status: Active Under Contract
  • On Site: 120 Days
  • Updated: 30 min ago
  • ID#: SB22039668
0
Beds
0
Baths
0
½ Baths
0.09
Acres
1963
Built
Neighborhood:
4 - Downtown Area, Alamitos Beach
County:
Los Angeles
Area:
4 - Downtown Area, Alamitos Beach
Property Description
This property may be sold individually or as part of a 4 parcel, 13,779 lot square foot portfolio for $1,500,000. This individual listing includes 2 parcels, 7274-023-003 (auto repair shop) and 7274-023-004 (parking lot). Phase I and II environmental reports already complete. Highly visible signalized intersection with a day-to-day traffic count of 20,800 cars. Full portfolio includes 4 contiguous lots with potential to build up to 22 residential units plus an additional 3 ADU's. Strong income in place while waiting for entitlements at a 4.3% cap rate. Existing property is an auto repair shop of 2355 square feet on 6570 square feet of land including the vacant lot West of the shop. 4 bays plus office, rented for $3500 month to month.
Exterior Features

Lot Features 2-5 Units/Acre

Property Features

Additional Parcels YN Yes Cap Rate 4.3 Common Interest None Laundry Features None Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashSubmit Number Of Units Leased 1 Property Sub Type Business Special Listing Conditions Standard Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-06-30T20:33:33.37. 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 Berkshire Hathaway HomeServices California Properties. Licensed in the State of California, USA.
 
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Berkshire Hathaway HomeServices California Properties
25909 Pala Dr, Suite 100
Mission Viejo CA, 92691
Listing Agent(s): Anthony Walker of Buckingham Investments, Inc (310 982-7055)