Long Beach, CA 90813,963 Alamitos AVE
Long Beach, CA 90813,963 Alamitos AVE
Long Beach, CA 90813,963 Alamitos AVE
8
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$700,000
$700,000
Est. payment /mo
4,094 Sqft Lot
Sold on 07/13/2022

963 Alamitos AVE Long Beach, CA 90813

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Shirley Smith
Shirley Smith

Agent | License ID: 02046865

+1(619) 559-6548

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Key Details

Sold Price $700,000

Property Type Commercial

Sub Type Business

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SB22039668

Year Built 1963

Lot Size 4,094 Sqft

Property Sub-Type Business

Property Description

This property may be sold individually or as part of a 4 parcel, 13,779 lot square foot portfolio for $1,500,000. This individual listing includes 2 parcels, 7274-023-003 (auto repair shop) and 7274-023-004 (parking lot). Phase I and II environmental reports already complete. Highly visible signalized intersection with a day-to-day traffic count of 20,800 cars. Full portfolio includes 4 contiguous lots with potential to build up to 22 residential units plus an additional 3 ADU's. Strong income in place while waiting for entitlements at a 4.3% cap rate. Existing property is an auto repair shop of 2355 square feet on 6570 square feet of land including the vacant lot West of the shop. 4 bays plus office, rented for $3500 month to month.

Location

State CA

County Los Angeles

Area 4 - Downtown Area, Alamitos Beach

Interior

Laundry None

Building

Lot Description 2-5 Units/Acre

Water Public

Others

Acceptable Financing Cash, Submit

Listing Terms Cash, Submit

Special Listing Condition Standard


CRMLS – RECore
Listed by Anthony Walker Buckingham Investments, Inc
Bought with Anthony Walker Buckingham Investments, Inc

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agent

Shirley Smith

Agent | License ID: 02046865

+1(619) 559-6548

Name
Phone*
Message

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963 Alamitos AVE