8300 Long Beach Boulevard

    South Gate, CA 90280
    • $1,200,000
    • STATUS: Active
    • ON SITE: 109 days
    • ID#: DW18186974
    UPDATED: 71 min ago
    $1,200,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,940
      SQFT
    • $202
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1968
    County:

    School Ratings & Info

    Description

    Excellent corner lot location for this mixed use property situated on one of the main commercial arteries within the City of South Gate. Strong vehicular and foot traffic numbers.Two good sized retail sites on Long Beach Blvd plus one extra Retail on Pine Place, two bonus /storage rooms to service the retail units and a separate two story structurefacing Pine Place housing four good sized residential units. Plenty of on premises parking space to service tenants and unlimited street parking for the Retail business patrons.Month to month contracts allow the opportunity for an immediate upside income potential to match current market levels. CAM contracts for the retail units can also beimplemented.The City of South Gate is a mature community comprised by strong rental demand and good consumer oriented population. This particular site is just a block away fromWalnut Park

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-20T22:30:59.96. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.fredsedgroup.com/homes/86206914

    8300 Long Beach Boulevard South Gate, CA 90280

    • Price: $1,200,000
    • Status: Active
    • Updated: 71 min ago
    • ID#: DW18186974
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    5,940
    SQFT
    $202
    $/SQFT
    1968
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Los Angeles
    Area:
    699 - Not Defined
    Property Description
    Excellent corner lot location for this mixed use property situated on one of the main commercial arteries within the City of South Gate. Strong vehicular and foot traffic numbers.Two good sized retail sites on Long Beach Blvd plus one extra Retail on Pine Place, two bonus /storage rooms to service the retail units and a separate two story structurefacing Pine Place housing four good sized residential units. Plenty of on premises parking space to service tenants and unlimited street parking for the Retail business patrons.Month to month contracts allow the opportunity for an immediate upside income potential to match current market levels. CAM contracts for the retail units can also beimplemented.The City of South Gate is a mature community comprised by strong rental demand and good consumer oriented population. This particular site is just a block away fromWalnut Park
    Exterior Features

    Garage Spaces 0.00 Lot Features 6-10 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Features Assigned Parking Total 14.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area 688 Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features None Levels Multi/Split

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 6.13 Community Features Suburban Country Us Electric Expense 960.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 600.00 Gross Income 110136.00 Gross Operating Income 106832.00 Gross Scheduled Income 110136.00 Insurance Expense 1890.00 Land Lease YN No Laundry YN No Maintenance Expense 4204.00 Maintenance Percent 4.00 Net Operating Income 73500.00 New Construction YN No New Taxes Expense 14075.00 Number Of Separate Electric Meters 7 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 2 Operating Expense 31588.00 Operating Expense Percent 31.00 Other Expense 4204.00 Other Expense Description Reserves Professional Management Expense 0.00 Property Sub Type Commercial/Residential Rent Control YN No Senior Community YN No Sewer Other Special Listing Conditions Standard Tenant Pays All Utilities Total Expenses 31588.00 Trash Expense 2460.00 Vacancy Allowance Rate 3.00 Water Sewer Expense 2907.00 Water Source Private Year Built Source Assessor Zoning Sgc3*

    Listing provided courtesy of Edwin Mariscal of Edwin Mariscal, Broker.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-20T22:30:59.96. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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