607 E 59Th Street

  • Long Beach

  • $899,000
  • Acres

Commercial Sale Details

Description & Essential
This incredible 4 units mix use investment opportunity is a CORNER LOT and shows to separate buildings, one commercial and the other totally residential... TWO units located on Atlantic Ave (5900 Atlantic Ave rented for $1450/M and 5902 Atlantic Ave which could be rented for $1500/M but is been use by one of the owners for the past 15 years). The second building contains 2 residential units having address on 59th ST (607 E. 59th ST is a 3 beds/2bath house rented for $1875/M and 607 1/2 is a 1 bed/1bath unit rented for $1200/M). There is a non conforming Studio on the second floor rented for $850/M. The brand new Michelle Obama Library is right in front with City plans to start new construction facing and next to this location. Beautiful opportunity to acquire a cash flow property located on an upcoming area. Facing a very busy street with over 10,000 cars passing by day which make it a perfect place to own your business and even live on the house on the back. Buyers to cooperate with Seller's plans to do a 1031 exchange at no extra cost to buyers.
MLS #PW18126851
Price Per SqFt$349.81
Sub-TypeMixed Use
CountyLos Angeles
Area7 - North Long Beach
Sale TypeStandard
Number Of Units5
Number Of Buildings2
Building StatusExisting
Land UseMulti-Family,Office
Listing BrokerageA Plus Realty 8 Financing
Listing AgentJuan Andrade
Listing Agent BRE #01300433


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Based on information from California Regional Multiple Listing Service, Inc. as of Thursday, October 18, 2018. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.