Broadway Retail & Apartments
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Broadway Retail & Apartments
2 Properties Offered at $3,000,000 in Long Beach, CA
Investment Highlights
- Highly Desirable Bluff Park Neighborhood
- Mixed Use – 3 Retail / 7 Apartment Units
- Garages, Laundry Room, Large Storage Room for Potential ADU Conversion
- First Time on the Market in Over 50 Years
- Large 1 & 2 Bedrooms Units
- Priced at Less Than $300/ft
Executive Summary
We are offering the opportunity to acquire The Broadway Retail and Apartments, a 10 unit mixed use building located in the Bluff Park area of Long Beach, CA. The property offers (3) commercial storefront units, (2) 1 bedroom units, and (5) two bedroom units. Community amenities include on-site laundry as well as a spacious central courtyard for tenants to enjoy. The buildings have been
very well maintained showing clear pride of ownership. There is untapped potential for additional income and ADU’s with the property footprint containing a large storage room and garage parking in the rear. The Broadway Retail and Apartments provides an investor
the opportunity to acquire an income producing asset in a prime location in Long Beach.
very well maintained showing clear pride of ownership. There is untapped potential for additional income and ADU’s with the property footprint containing a large storage room and garage parking in the rear. The Broadway Retail and Apartments provides an investor
the opportunity to acquire an income producing asset in a prime location in Long Beach.
Taxes & Operating Expenses (Actual - 2023) Click Here to Access |
Annual |
|---|---|
| Gross Rental Income |
$99,999
|
| Other Income |
$99,999
|
| Vacancy Loss |
$99,999
|
| Effective Gross Income |
$99,999
|
| Taxes |
-
|
| Operating Expenses |
-
|
| Total Expenses |
$99,999
|
| Net Operating Income |
$99,999
|
Taxes & Operating Expenses (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Taxes | |
|---|---|
| Annual | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
Property Facts
| Price | $3,000,000 | Number of Properties | 2 |
| Price / SF | $277.55 / SF | Individually For Sale | 0 |
| Cap Rate | 4.83% | Total Building Size | 10,809 SF |
| Sale Type | Investment | Total Land Area | 0.46 AC |
| Status | Active |
| Price | $3,000,000 |
| Price / SF | $277.55 / SF |
| Cap Rate | 4.83% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 10,809 SF |
| Total Land Area | 0.46 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 229-235 Wisconsin Ave, Long Beach, CA 90803 | Multifamily | 3,520 SF | 1946 | - |
| 2535-2545 E Broadway, Long Beach, CA 90803 | Retail | 7,289 SF | 1946 | - |
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Broadway Retail & Apartments
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