2369 Pacific Avenue, Long Beach, CA
Call Robert for more details at 714-305-2050. This is a great income property opportunity. Split use zoning (CNP-Neighborhood pedestrian-Oriented Commercial). Property has 5 different units total on the property, all generating monthly rents currently totaling $4,900 per month. There are 2 office/retail units with great Pacific Ave. street frontage, rents are currently $700 and $800 respectively. The property also has 3 residential units set behind the retail spaces. Each unit is a 1 bedroom, 1 bath and the current rents are $950, $950 and $900. The property has ample open space parking as well as 4 private garages. Two of the 4 garage units are rented as storage for $250 and $350 each. All rents are month-to-month with the exception of the $800 per month office space, this unit has approximately 11 months left on lease. The driveway is NOT shared with other properties. This is a great way to diversify your investment portfolio. Pro forma rental income is closer to $5,300 per month or $63,600 annually. Buyer to verify all information on their own, information deemed reliable but not guaranteed.