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1060 E 10th Street

Long Beach, CA 90813
  • $300,000
  • STATUS: Active Under Contract
  • ON SITE: 119 Days
  • ID#: SB22039691
Under Contract
$300,000
  • 0
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1962
County:

School Ratings & Info

Listing Agent(s): Anthony Walker of Buckingham Investments, Inc (310 982-7055)


Description

This property may be sold individually or as part of a 4 parcel, 13,779 lot square foot portfolio for $1,500,000. 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. View full portfolio offering memorandum in the supplemental documents. This property is comprised of a 400 square foot free-standing restaurant on a 4749 square foot lot. The restaurant building is leased for $2750 month to month.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-06-29T00:29:48.387. 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 deemed reliable but is not guaranteed accurate by the MLS or Latrice Deluna Homes | Anvil Real Estate. Licensed in the State of California, USA.
www.findorangecountyhomelistings.com/homes/126233192
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1060 E 10th Street Long Beach, CA 90813

  • Price: $300,000
  • Status: Active Under Contract
  • On Site: 119 Days
  • ID#: SB22039691
0
Beds
0
Baths
0
½ Baths
0.11
Acres
1962
Built
Neighborhood:
4 - Downtown Area, Alamitos Beach
County:
Los Angeles
Area:
4 - Downtown Area, Alamitos Beach
Property Description
This property may be sold individually or as part of a 4 parcel, 13,779 lot square foot portfolio for $1,500,000. 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. View full portfolio offering memorandum in the supplemental documents. This property is comprised of a 400 square foot free-standing restaurant on a 4749 square foot lot. The restaurant building is leased for $2750 month to month.
Exterior Features

Lot Features 2-5 Units/Acre

Property Features

Additional Parcels YN No Business Type Restaurant Cap Rate 7.2 Common Interest None Laundry Features None Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash Number Of Units Leased 1 Property Sub Type Business Special Listing Conditions Standard Tax Annual Amount 1278 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-06-29T00:29:48.387. 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 deemed reliable but is not guaranteed accurate by the MLS or Latrice Deluna Homes | Anvil Real Estate. Licensed in the State of California, USA.
 
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Latrice Deluna Homes | Anvil Real Estate
23046 Avenida de la Carlota, Suite 600
Laguna Hills CA, 92653
Listing Agent(s): Anthony Walker of Buckingham Investments, Inc (310 982-7055)