Long Beach, CA 90813,110 E Anaheim ST
Long Beach, CA 90813,110 E Anaheim ST
Long Beach, CA 90813,110 E Anaheim ST
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$2,150,000
Est. payment /mo
0.32 Acres Lot
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UPDATED:

Key Details

Property Type Commercial

Sub Type Business

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB25187552

HOA Y/N No

Year Built 2008

Lot Size 0.318 Acres

Property Sub-Type Business

Property Description

Retail Investment Opportunity – "Anaheim Pine Plaza" in Long Beach City. Located at the high-traffic intersection of Anaheim Street and Pine Avenue, adjacent to Pacific Avenue, this attractive commercial retail building sits in the well-established Anaheim Pine Plaza shopping center. Property Highlights: Building Size 4,467 SF. and Lot Size 13,853 SF. This building was rebuilt in 2008 and it is in good and modern condition. It has more than 20 on-site spaces - ample for customers and staffs. Zoning is Commercial Retail. One tenant is LPB Convenience Store – Long-term, stable tenant. Using 2,820 sf, rent is $8,556.37. The other is Veronica's Insurance – Well-known brand throughout Southern California. Using 1620 sf, rent is $5,861.84. Total monthly income is $14,418. Yearly gross income is $173,018 and net income is $136,158. This good income makes Cap Rate of 6.33%. Both tenants under Rent + NNN leases. 3% Annual Rent Increases.
Separate electrical meters, HVAC units, and utilities for each tenant. This is a rare opportunity to acquire a low-maintenance, income-producing asset with strong, long-term tenants in place. Ideal for investors seeking a stable return with built-in rental growth in a high-visibility, high-traffic location. (See attached Listing Supplements for Property information, Rent roll, and Profit/ Expense detail)

Location

State CA

County Los Angeles

Area 4 - Downtown Area, Alamitos Beach

Interior

Heating Central, Zoned

Cooling Central Air, Zoned

Fireplace No

Laundry None

Exterior

Roof Type Shingle

Building

Lot Description Corner Lot, Paved

Story 1

Water Public

Others

Tax ID 7273004042

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Standard

Read Less Info
CRMLS – RECore
Listed by Jun Chang New Star Realty & Investment 310-997-5152

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