|
A Rare find for investor. Seller Financing may be available depending. High generating income property at approx $150,000 yearly. Property is offer over 7.30% cap rate which is rare in this market. Property consist of (1) commercial building and (5) one bedroom and one bath unit apartments. Tenants are long term and a few have lived on the premise for over 20yrs.The commercial Tailgate Bar has been in business for a very long time and is a local spot for the locals. Commercial Tenant is responsible for all utilities, repair and maintenance pertaining to interior and exterior of the building. Low management. The residential units have all been renovated with vinyl and tile flooring, all except one have new kitchen cabinets and quartz countertop and brand new vinyl, retrofit, dual glazed, low E windows. Building has also been freshly painted exterior. All great tenants and great relationship with Landlord. Landlord only pays water and landscaping. Low expenses. Residential address is 1709 W 25th Street, Long Beach, CA 90810.This property is self managed by owners with ease for over 10years with almost no vacancy in the last 10years. No shortage of renters for the area.Seller Financing may be available depending.
Last Updated | 8/20/2024 | Tract | Westside/South of Willow (WSW) |
---|---|---|---|
Year Built | 1961 | Community | Westside |
Garage Spaces | 2.0 | County | Los Angeles |
Price History
Prior to Jun 18, '24 | $1,899,000 |
---|---|
Jun 18, '24 - Aug 20, '24 | $1,699,000 |
Aug 20, '24 - Today | $1,650,000 |
Additional Details
AIR | Wall/Window Unit(s) |
---|---|
AIR CONDITIONING | Yes |
AREA | Westside |
GARAGE | Door-Single, Garage, Uncovered, Yes |
HEAT | Wall Furnace |
HOA DUES | 0 |
LOT | 8485 sq ft |
LOT DESCRIPTION | Corner Lot, Near Public Transit |
PARKING | Door-Single,Garage,Uncovered |
POOL DESCRIPTION | None |
SEWER | Public Sewer |
STORIES | 1 |
SUBDIVISION | Westside/South of Willow (WSW) |
TAXES | 7187 |
UTILITIES | Electricity Available,Natural Gas Available,Phone Connected,Water Available |
WATER | Public |
ZONING | LBCCA |
Location
Contact us about this Property
/ | |
We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Carie Webber to contact you even if your name is on a Federal or State "Do not call List". |
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2024.