9616 Long Beach Boulevard

  • Los Angeles

  • $675,000
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Residential Income Details

Description
The mixed-use freestanding building in the City of South Gate. This building has two retail tenants on a month-to-month lease: Party Store and a Bar. There are also two apartments upstairs which are also below market rent and each unit has a 1 bedroom and 1 bath floor plan. Parking access is shared with the neighboring buildings to the north but there is no easement either. This building does qualify for 90% SBA Financing, if a Buyer intends to occupy the entire ground floor. The current income is $3,810 per month which is approximately $.68 per square foot. These rents are well below market leaving tremendous upside for a new Buyer and a live-work opportunity as well.
Essential
MLS #SR18116884
Price$675,000
Number of Units0
Sale TypeStandard
StatusActive
Listing BrokerageHudson Commercial Partners, In
Listing AgentJay Martinez
Listing Agent BRE #01954238
Interior
Exterior
Garage Spaces0
PoolNone
Community
AreaC34 - Los Angeles Southwest
CommunitySidewalks
Address9616 Long Beach Boulevard
CityLos Angeles
CountyLos Angeles
StateCA
ZipCode90280
School

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Based on information from California Regional Multiple Listing Service, Inc. as of Monday, June 25, 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.