963 Alamitos AVE Long Beach, CA 90813

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.