2530 Santa Fe Av Long Beach, CA 90810

$1,500,000
Long Beach, CA   90810
0 Beds, 0.0 Baths, 0 sq ft, 13,273 sq ft lot, Built in 1959
2530 Santa Fe Av, Long Beach, CA 90810 Photo 0
2530 Santa Fe Av, Long Beach, CA 90810 Photo 1
2530 Santa Fe Av, Long Beach, CA 90810 Photo 2
0 Beds,
0.0 Baths,
0 sq ft,
13,273 sq ft lot
Built in 1959

Description

MLS# PW18051684

Great opportunity to own a local community shopping center with upside potential. Currently performing at 5.67% CAP rate (upon 1 vacancy lease up), this property is a great opportunity for an Owner-user or Investor or both. The majority of the tenants are month-to-month allowing for any change in tenancy needed or improvement to the property. The current Market Cap Rate is ~7%. The property includes 10 Parking spaces, a new roof in 2017 and separately metered utilities (including water), and pylon signage along 120 feet of frontage on Santa Fe Ave with an approximate traffic count of 24,000 Cars Per Day (CPD). Listed by Patricia Conejos, Nationwide Real Estate Execs.

Description

MLS# PW18051684

Great opportunity to own a local community shopping center with upside potential. Currently performing at 5.67% CAP rate (upon 1 vacancy lease up), this property is a great opportunity for an Owner-user or Investor or both. The majority of the tenants are month-to-month allowing for any change in tenancy needed or improvement to the property. The current Market Cap Rate is ~7%. The property includes 10 Parking spaces, a new roof in 2017 and separately metered utilities (including water), and pylon signage along 120 feet of frontage on Santa Fe Ave with an approximate traffic count of 24,000 Cars Per Day (CPD). Listed by Patricia Conejos, Nationwide Real Estate Execs.

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  • Ernie gonzales
    Ernie Gonzales

    NMLS# 1086147

    Direct: (213) 842-5318
    Email: mortgagesbyernie@gmail.com

Area
AREA: 11 - Westside
COUNTY: LA
Building Info
STORIES: 1
LAUNDRY: None
Exterior Features
LOT: Lot 10000-19999 Sqft
CONSTRUCTION: Stucco
Community
UNITS TOTAL: 7
STORIES TOTAL: 1
Land
WATER: Public
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