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    335 W Pacific Coast Highway

    Long Beach, CA 91806
    • $599,000
    • STATUS: Active
    • ON SITE: 38 days
    • ID#: WS20223994
    UPDATED: 165 min ago
    $599,000
    • 0
      BEDS
    • 0.08
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,320
      SQFT
    • $454
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1931
    County:

    School Ratings & Info

    Description

    A great owner/user or investment opportunity for a 3-unit commercial / residential mixed-use property located on the high traffic volume Pacific Coast Highway. Two storefront retail / office units are renovated in 2020, and there is a one bedroom / one bathroom residential unit in the back. The property is in close proximity to Downtown Long Beach, California State University, Long Beach, Long Beach Airport, Port of Long Beach, and Port of Los Angeles, San Pedro. In addition, property is in opportunity zone which allows investors to receive federal tax incentives. Seller financing available

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-12-01T00:28:49.747. 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 The Alvarado Brothers | Ever Stewart Alvarado Broker. Licensed in the State of California, USA.

    www.thealvaradobrothers.com/homes/111299223
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    335 W Pacific Coast Highway Long Beach, CA 91806

    • Price: $599,000
    • Status: Active
    • Updated: 165 min ago
    • ID#: WS20223994
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.08
    Acres
    1,320
    SQFT
    $454
    $/SQFT
    1931
    Built
    Neighborhood:
    5 - Wrigley Area
    County:
    Los Angeles
    Area:
    5 - Wrigley Area
    Property Description
    A great owner/user or investment opportunity for a 3-unit commercial / residential mixed-use property located on the high traffic volume Pacific Coast Highway. Two storefront retail / office units are renovated in 2020, and there is a one bedroom / one bathroom residential unit in the back. The property is in close proximity to Downtown Long Beach, California State University, Long Beach, Long Beach Airport, Port of Long Beach, and Port of Los Angeles, San Pedro. In addition, property is in opportunity zone which allows investors to receive federal tax incentives. Seller financing available
    Exterior Features

    Lot Features 2-5 Units/Acre Lot Size Units Square Feet

    Interior Features

    Condo Area Units Square Feet Laundry Features None

    Property Features

    Accounting Type Proforma Additional Parcels YN No Asset Class Multi-FamilyOfficeRetail Building Area Units Square Feet Building Status Existing Cap Rate 3.90 Country Us Expense Year 2020 Gross Scheduled Income 34800.00 Insurance Expense 3000.00 Land Lease YN No Land Use OfficeRetail Laundry YN No Leasable Area Units Square Feet Maintenance Expense 600.00 Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 23300.00 Operating Expense 11500.00 Property Sub Type Mixed Use Real Estate Tax Expense 7900.00 Special Listing Conditions Standard Tax Rate 1.32 Tax Year 2020 Total Expenses 11500.00 Water Source Public Zoning Lbchw

    Listing provided courtesy of Jennie Ching of Kw Executive


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-12-01T00:28:49.747. 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 The Alvarado Brothers | Ever Stewart Alvarado Broker. Licensed in the State of California, USA.

     
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