2535-2545 E Broadway - Storefront Retail/Residential FOR SALE


Long Beach, CA 90803- Belmont Heights
$2,800,000 USD
626-664-9863
2535-2545 E Broadway, Long Beach, CA for Sale
$2,800,000 USD
Storefront Retail/Residential - FOR SALE
1/9
null | 5.11% Cap Rate

2535-2545 E Broadway
Long Beach, CA 90803
Belmont Heights


HIGHLIGHTS

  • Highly Desirable Bluff Park Neighborhood
  • Mixed Use - 3 Retail / 7 Apartments
  • Large 1 & 2 Bedroom Units
  • Garages, Laundry Room, Large Storage Room for Potential ADU Conversion

OVERVIEW

Skyline Commercial Advisors along with Triqor Group are pleased to offer the opportunity to acquire The Broadway Retail and Apartments, a 10 unit mixed use building located in the Bluff Park area of Long Beach, CA. The property offers (3) commercial storefront units, (2) 1 bedroom units, and (5) two bedroom units, producing excellent income. Community amenities include on-site laundry as well as a spacious central courtyard for tenants to enjoy. The buildings have been very well maintained showing clear pride of ownership. There is untapped potential for additional income and ADU's with the property footprint containing ample storage and garage parking in the rear. The Broadway Retail and Apartments provides an investor the opportunity to acquire an income producing asset in a prime location in Long Beach. The Broadway Retail and Apartments are located on the corner of Broadway and Wisconsin Ave, in the Bluff Park area of coastal Long Beach. The property benefits from the nearby restaurants and storefronts on Broadway and close proximity to the exciting Retro Row area less than 0.75 miles away. Additionally, residents have access within walking distance to a variety of nearby amenities including Bluff Park, Belmont Shore's 2nd Street, and the ocean. The high walkability of the area makes it a prime location for both businesses and residents to enjoy.

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$384 USD /SF

CAP RATE

5.11%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1946

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,446 SF

ZONING

LBCNP

APN/PARCEL ID

7263-016-014

ASK ABOUT THIS PROPERTY

Chris PettitSkyline Commercial Real EstateMore Info
626-664-9863

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Chris PettitSkyline Commercial Real EstateMore Info
626-664-9863

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.