We are offering 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… Read More 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. Opportunity to own a premium corner lot in a great Bluff Park location of Long Beach. This mixed-use property has retail units on Broadway, a main corridor, along with apartments on top of the retail and behind. The property also has a rear courtyard and garages, providing advantages that many similarly located properties do not have. Property Address also commonly referred to as 221-235 Wisconsin Ave. Read Less
Property listed by Skyline Commercial Real Estate, Christopher Pettit 626-664-9863
Listing Snapshot
Days Online
10
Last Updated
Property Type
Mixed Use
Lot Size
0.22 Acres
Year Built
1946
MLS Number
OC24184921
Additional Details
Appliances & Equipment
GasOven, GasRange
Building
Built in 1946, Building area total: 10,401, 3 buildings, Architectural style: , Attached, Common walls: Item2CommonWalls
Community
Biking, Sidewalks
Expenses
Insurance expense: $9,361, Operating expense: $74,862, Water sewer expense: $3,644
Garage
4 spaces
Income
Gross income: $224,791, Net operating income: $143,186
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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