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301 - 319 E South Street, Long Beach, CA

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301 - 319 E South Street

Long Beach, CA 90805 - Mid-Cities Submarket


Property Type:Retail Sub Type:Storefront Status:Existing Year Built:1946
Building Size:7,272 SF Land Area:.29 AC (12,807 SF)
For Sale Price:$1,500,000 Price/SF:$206.27
Cap Rate:7.48 %
Parking:Free Surface spaces are available
Features:Bus Line, Signage



Sale Notes:
Asking Price: $1,500,000

Great opportunity for investor. 5 Unit retail store including laundry store business and 44 washer machine & 30 dryers machine and two coin change machine .All machine are worth in value $ 302,200.
Laundry store count for 2 unit . Lot size : 13,178 with 2 parcel number . Building square feet : 7,272 including 2 parcel number . Property was built in year 1948 and year 1946 . Gross multiplier : 6.19 is including laundry store business income . Cape Rate : 7.48 % is including laundry store business income .
Gross income per year $ 242,302. Good income !
Rental income $ 95,902 + laundry store income $146,400 total $ 242,302 per year .
Two parcel number # 7125-031-011 & 7125 -031-012
Cross St is Locust Ave & E. South St .

KoTai Realty
Lily Wang
(626) 285-8333




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