$999,000 USD
323-297-1111
5111-5119 Long Beach Ave
Los Angeles, CA 90058
Central Alameda
HIGHLIGHTS
- Mixed-use asset featuring four residential apartments and one commercial unit.
- Located directly across from the Metro A Line (Blue Line), providing easy access to Downtown LA.
- Commercial unit currently vacant, creating upside potential for owner-user or investor lease opportunity.
- Situated within a dense urban area with ongoing redevelopment and strong tenant demand.
OVERVIEW
This a great 4 unit residential apartment building with an addition 5th commercial unit that can be used as retail, office or warehouse. There is plenty of upside on the potential rents. This property is directly across the Metro A Line (Blue) that connects to Downtown LA. The commercial unit is currently vacant for an owner user or can be leased for approximately $3,000 a month.
The 4 Apartments are paying $5,590/month with a lot of upside. Total current potential of $8,590 with upside.
FOR SALE DETAILS
PRICE
$999,000 USD
PRICE/SF
$236 USD /SF
# OF UNITS
5
PRICE/UNIT
$199,800
CAP RATE
Request Cap Rate
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
ADD'L SUBTYPES
Storefront Retail/Residential
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1959
PARKING SPACES
5
LAND DETAILS
LAND ACRES
0.14 AC
LAND SF
6,229 SF
ZONING
LAR2
APN/PARCEL ID
5106-026-032
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323-297-1111
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323-297-1111
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