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1516 - 1520 E South Street, Long Beach, CA

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1516 - 1520 E South Street

Long Beach, CA 90805-4341 - Mid-Cities Submarket

Property Type:Retail Sub Type:Storefront Status:Existing Year Built:1947
Building Size:6,360 SF Land Area:.23 AC (9,953 SF)
For Sale Price:$995,000 Price/SF:$156.45
Cap Rate:6.55 %
Parking:8 Surface spaces are available; Ratio of 3.25/1,000 SF

Sale Notes:
Great investment opportunity approximately 6360 sq. ft of prime retail space on 9953 sq.ft lot. The BLDG consists of 3 stores, large front store operating as a pharmacy and can be divided into 2 stores, rented for $3,500. The 2nd store is operating as a medical office rented for $1,100 a month. The 3rd store is a dance studio rented for 1,300 month. Great location on busy South St and walnut. Bldg is ideal for an investors or owner user. The property consists of 2 lots 1516 E.South street & 1520 E. South Street

Coldwell Banker Commercial
Mike Khattab
(310) 442-1355

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