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110 E Anaheim Street Long Beach, CA 90813
4,467 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Active
Purchase Type For Sale
Square Footage 4,467 sqft
Price per Sqft $492
MLS Listing ID CRSB25187552
HOA Y/N No
Year Built 2008
Lot Size 0.318 Acres
Acres 0.32
Property Sub-Type Comm Ind For Sale
Property Description
Retail Investment Opportunity – "Anaheim Pine Plaza" in Long Beach City. Located at the high-traffic intersection of Anaheim Street and Pine Avenue, adjacent to Pacific Avenue, this attractive commercial retail building sits in the well-established Anaheim Pine Plaza shopping center. Property Highlights: Building Size 4,467 SF. and Lot Size 13,853 SF. This building was rebuilt in 2008 and it is in good and modern condition. It has more than 20 on-site spaces - ample for customers and staffs. Zoning is Commercial Retail. One tenant is LPB Convenience Store – Long-term, stable tenant. Using 2,820 sf, rent is $8,556.37. The other is Veronica’s Insurance – Well-known brand throughout Southern California. Using 1620 sf, rent is $5,723.33. Total monthly income is $14,297. Yearly gross income is $171,356 and net income is $134,496. This good income makes Cap Rate of 6.11%. Both tenants under Rent + NNN leases. 3% Annual Rent Increases. Separate electrical meters, HVAC units, and utilities for each tenant. This is a rare opportunity to acquire a low-maintenance, income-producing asset with strong, long-term tenants in place. Ideal for investors seeking a stable return with built-in rental growth in a high-visibility, high-traffic location. (See attached Listing Supplements for Pr
Location
State CA
County Los Angeles
Interior
Heating Other, Zoned
Cooling Central Air, MultiZone
Fireplace No
Building
New Construction No
Others
Tax ID 7273004042
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Listed by Jun Chang • New Star Realty & Investment