3116-3128 N Los Coyotes Diagonal - Storefront Retail/Residential FOR SALE


Long Beach, CA 90808- Plaza
$2,825,000 USD
949-557-5072
3116-3128 N Los Coyotes Diagonal, Long Beach, CA for Sale
$2,825,000 USD
Storefront Retail/Residential - FOR SALE
1/6
null | 9.18% Cap Rate

3116-3128 N Los Coyotes Diagonal
Long Beach, CA 90808
Plaza


HIGHLIGHTS

  • Partial Seller Financing Negotiable
  • Licensed Cannabis Dispensary Active License #MJ21901456
  • Residential and Retail Cross Zoning
  • Price reduction on 4/11/25 by $225,000! Motivated Seller!

OVERVIEW

The property is located right off the I-405 freeway at Woodruff Ave and Los Coyotes Diagonal in Long Beach. The project has four (4) upstairs apartment units comprised of three (3) one bedroom, one bath units and one (1) two bedroom, two bath unit. Three of the four units have been recently remodeled. The downstairs is all retail comprised of a liquor store and fully-licensed cannabis dispensary retail store. All of the apartment units are on month to month tenancies, providing a new owner the ability to increase the below market rents to market levels. The downstairs retail tenants both have long-term ten (10) year leases with annual percentage rent increases and excellent rent paying histories.

FOR SALE DETAILS

PRICE

$2,825,000 USD

PRICE/SF

$365 USD /SF

CAP RATE

9.18%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

SPRINKLERS

-

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

8,930 SF

ZONING

CCA, Long Beach

APN/PARCEL ID

7191-030-024

ASK ABOUT THIS PROPERTY

Michael DorseyKidder MathewsMore Info
949-557-5072

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Michael DorseyKidder MathewsMore Info
949-557-5072

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