3922 E Broadway Long Beach, CA 90803

$900,000
Long Beach, CA   90803
0 Beds, 0.0 Baths, 0 sq ft, 3,000 sq ft lot, Built in 1923
3922 E Broadway, Long Beach, CA 90803 Photo 0
3922 E Broadway, Long Beach, CA 90803 Photo 1
3922 E Broadway, Long Beach, CA 90803 Photo 2
3922 E Broadway, Long Beach, CA 90803 Photo 3
3922 E Broadway, Long Beach, CA 90803 Photo 4
3922 E Broadway, Long Beach, CA 90803 Photo 5
0 Beds,
0.0 Baths,
0 sq ft,
3,000 sq ft lot
Built in 1923

Description

MLS# PW18009119

This well-maintained three-unit property is located in the heart of Belmont Heights in the city of Long Beach. The subject property is located at 3922 East Broadway, one street West of Termino Avenue, two blocks North of Ocean Boulevard. This investment consists of 2 one bedrooms/ one-bathroom units and a detached retail portion that offers parking in front of the property. Built in 1923, this property is a two-story building with approximately 2635 rentable square feet. Each unit is separately metered for gas and electricity. The property offers flat roofs, and on-site laundry. The retail portion of the property is located in the approved MM area of Long Beach and will benefit from the strong rents the industry is willing to pay. Located within close proximity to numerous restaurants and shopping corridors this property offers an investor the rare opportunity to acquire a well-maintained income property in a strong rental market in the most desirable community of Belmont Heights. With rents well below market value, and a strong retail operator any investor looking to add value could dramatically improve their cash flow by bumping rents up to market rate thus making this acquisition a valuable addition to any investors portfolio. Listed by Justin White, Justin White.

Description

MLS# PW18009119

This well-maintained three-unit property is located in the heart of Belmont Heights in the city of Long Beach. The subject property is located at 3922 East Broadway, one street West of Termino Avenue, two blocks North of Ocean Boulevard. This investment consists of 2 one bedrooms/ one-bathroom units and a detached retail portion that offers parking in front of the property. Built in 1923, this property is a two-story building with approximately 2635 rentable square feet. Each unit is separately metered for gas and electricity. The property offers flat roofs, and on-site laundry. The retail portion of the property is located in the approved MM area of Long Beach and will benefit from the strong rents the industry is willing to pay. Located within close proximity to numerous restaurants and shopping corridors this property offers an investor the rare opportunity to acquire a well-maintained income property in a strong rental market in the most desirable community of Belmont Heights. With rents well below market value, and a strong retail operator any investor looking to add value could dramatically improve their cash flow by bumping rents up to market rate thus making this acquisition a valuable addition to any investors portfolio. Listed by Justin White, Justin White.

Area
Building Info
COMMON WALLS: No Common Walls
PARKING: Driveway - Asphalt
HEATING: Wall Heater
POOL: None
LAUNDRY: In Garage
Interior Features
APPLIANCES: Gas Oven, Gas Stove, Refrigerator
ENTRY/LEVEL: Broadway
Exterior Features
DIRECTION: North
LOT: 2-5 Units/Acre
FOUNDATION: Raised
CONDITION: Turnkey, Under Construction
CONSTRUCTION: Drywall Walls
Garage & Parking
PARKING SPACES: 4.00
GARAGE SPACES: 1.00
UNCOVERED SPACES: 3.00
Community
HOA DUES 1: 0.00
COMMUNITY: Curbs, Sidewalks, Storm Drains, Street Lighting
UNITS TOTAL: 3
Land
WATER: Public
LOT NUMBER: 15
TRACT NUMBER: 5772.0
ZONE: LBCNP
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