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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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
Listed by Anthony Walker Buckingham Investments, Inc
Bought with Anthony Walker Buckingham Investments, Inc
Bought with Anthony Walker Buckingham Investments, Inc
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