1731 E 4th St Long Beach, CA 90802

$1,795,000
Long Beach, CA   90802
0 Beds, 0.0 Baths, 0 sq ft, 6,666 sq ft lot, Built in 1948
0 Beds,
0.0 Baths,
0 sq ft,
6,666 sq ft lot
Built in 1948

Description

MLS# RS17202002

This is an incredible investment opportunity to purchase a prime mixed-use landmark building in Long Beach with huge cash flow potential. Property is located in the heart of the Retro Row Corridor consisting of (1) retail/commercial space encompassing approx. 4,200 square feet and (1) 3 Bed / 1 Bath residential unit in the back over (4) on-site garages. The current owner operates the local staple "Ashley's on 4th Restaurant & Bar" in the 4,200 SF space and rents the rear 3 bed / 1 bath residential unit for $2,000/mth. Owner also leases the parking lot across the street (16 spaces) for $1,000/mth located at 1720 E 4th Street, which can be assigned to the Buyer. Per the Seller, industrial A/C & refrigeration units are newer, roughly 90% of electrical has been upgraded, new sewer line 8 years ago and has 100% copper plumbing. Great opportunity for a Buyer to make some capital improvements and re-rent the retail & residential units at market rents to increase cash flow. Listed by Andrew Mc Allister, Nationwide Real Estate Execs.

Description

MLS# RS17202002

This is an incredible investment opportunity to purchase a prime mixed-use landmark building in Long Beach with huge cash flow potential. Property is located in the heart of the Retro Row Corridor consisting of (1) retail/commercial space encompassing approx. 4,200 square feet and (1) 3 Bed / 1 Bath residential unit in the back over (4) on-site garages. The current owner operates the local staple "Ashley's on 4th Restaurant & Bar" in the 4,200 SF space and rents the rear 3 bed / 1 bath residential unit for $2,000/mth. Owner also leases the parking lot across the street (16 spaces) for $1,000/mth located at 1720 E 4th Street, which can be assigned to the Buyer. Per the Seller, industrial A/C & refrigeration units are newer, roughly 90% of electrical has been upgraded, new sewer line 8 years ago and has 100% copper plumbing. Great opportunity for a Buyer to make some capital improvements and re-rent the retail & residential units at market rents to increase cash flow. Listed by Andrew Mc Allister, Nationwide Real Estate Execs.

Area
Building Info
STORIES: 2
LAUNDRY: None
Exterior Features
LOT: Lot 6500-9999
ROOFING: Flat
Garage & Parking
PARKING SPACES: 16.00
UNCOVERED SPACES: 16.00
Community
UNITS TOTAL: 2
STORIES TOTAL: 2
Land
WATER: Public
ZONE: CNR
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