Happy New Year - New Price with a 6.07% plus Cap Rate from day one with 2026 increases due soon for added value in the near future, please take a closer look - sellers are motivated.
This signalized corner location has multiple long-term tenants including an established restaurant, 8 studio apartments, an upholstery shop and an additional commercial building shared with the restaurant and the upholstery shop. There are two lots that are being sold together with a total lot size of 18,668 sf with 4 buildings of approx. 5,509 sf of net rentable space. There are 18 on-site parking stalls including one ADA stall as well as a work area behind the upholstery shop. This is a prime beach city location with close proximity to the beach cities surrounding communities and within a few blocks of the 405 - freeway - providing immediate access to the 91 and 105 freeways. There's plenty of upside to improve the return with upcoming rental renews.
https://tour.caimagemaker.com/l/?id=183543