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Long Beach, CA 90813 208 W Anaheim Street

$2,200,000

Presented By: Mark Velasco with West Shores Realty, Inc.; 626-392-9499
  • MLS# DW23158483
  • 08/24/2023
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  • FootageSQFT • 9,200

Home Details

MASSIVE UPSIDE with a proforma CAP of 7.44%. NOI is $223,200 and gross income is $372,000. Property has a new roof!! 15 studio rentals upstairs are vacant and need to stripped down to the studs. Five lower retail units are in average condition. Two are currently rented at $1,500/mo with month to month tenants that will vacate upon sale. All commercial units will be delivered vacant. Located a half mile East of the 710 freeway with great rental demand in the area. This would be a great Section 8 play or great for government sponsored tenants. Would also work for regular tenants as well (after reno). Great opportunity and this will NOT last
Presented By: Mark Velasco with West Shores Realty, Inc.; 626-392-9499

Interior Features for 208 W Anaheim Street

Other Interior Features

LivingAreaSourceAssessor
Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Street SuffixStreet
Total Stories2

Other Rooms

Entry Level1

General for 208 W Anaheim Street

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate7.44
Carport Y/NNo
CityLong Beach
CountyLos Angeles
Days on Market252
DirectionsFrom 710 Fwy: East on Anaheim St for a half a mile
Garage Y/NNo
HOA / Comm AssnNo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashtoNewLoan, CourtApproval
Lot Size Square Feet5003.0
MLS Area699 - Not Defined
MobileHomeRemainsYNNo
Net Operating Income223200.0
New ConstructionNo
Number of Units Leased2
Occupancy TypeOwner
Operating Expense111600.0
Private PoolNo
Property Attached Y/NNo
Property Sub Type AdditionalMixedUse
Property SubTypeMixedUse
Property TypeCommercialSale
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsProbateListing
Standard StatusActive
StatusActive
Street NameAnaheim
Total Units20
View Y/NNo
Waterfront Y/NNo
Year Built1923

Exterior for 208 W Anaheim Street

Building Area Total9200.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesStreetLevel
Lot Size Acres0.1149
Lot Size Area5003.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings1
Open Parking Y/NNo
SpaNo
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $2,200,000
MLS#DW23158483
List Date 08/24/2023
Property Type Commercial
Phone 714.964.3311
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CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors