2545 E Broadway

Long Beach, CA 90803
$3,200,000
0.22 acres | #OC24184921
Courtesy of Skyline Commercial Real Estate

Description

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 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.

  • Property Details
      • Stories:2
      • Lot description:CornerLot
      • Acres:0.2169
      • Parking spaces:4
      • Property type:Multi-Family
      • Year built:1946
      • Sewer information:PublicSewer
      • Utility source:Public
      • Subdivision:Belmont Heights (BH)
      • County:Los Angeles
      • Original List Price:$3, 200, 000
      • MLS #:OC24184921
      • Cost:3200000
      • Property subtype:MixedUse
      • MLS #:OC24184921

Location

Move Fast Move Now with John Reyes & Margie KossmanMove Fast Move Now with John Reyes & Margie Kossman
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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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