Commercial Sale Details
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.
|Price Per SqFt||$349.81|
|Area||7 - North Long Beach|
|Number Of Units||5|
|Number Of Buildings||2|
|Listing Brokerage||A Plus Realty 8 Financing|
|Listing Agent||Juan Andrade|
|Listing Agent BRE #||01300433|
Based on information from California Regional Multiple Listing Service, Inc. as of Thursday, October 18, 2018.
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