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5508 Atlantic Avenue

Long Beach, CA 90805
  • $970,000
  • STATUS: Active
  • ON SITE: 106 Days
  • ID#: PW22020931
UPDATED: 41 min ago
$970,000
  • 0
    BEDS
  • 0.23
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1938
County:

School Ratings & Info

Listing Agent(s): Anna Park of Team Spirit Realty, Inc. (714-869-3683)


Description

Attention investment !!! Prime locations ,Current tenant is an auto shop with monthly rent of $4,750 with annual 3-5% rent increase; current tenants lease is up 2/11/2022 with 5 year option; first building is 1218 SF , 2nd building is 996 SF ; entire lot is 10,166 SF ; great investment opportunity,Also the rent wasn't increased by 3% annually for the last 5 years, A new contract can be $5,500/ per month with 3% annual increase.Good investment opportunity !!!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-21T21:30:51.95. 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 or Cochren Realty Team | Just Listed So Cal. Licensed in the State of California, USA.
www.cochrenrealty.com/homes/125327715
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5508 Atlantic Avenue Long Beach, CA 90805

  • Price: $970,000
  • Status: Active
  • On Site: 106 Days
  • Updated: 41 min ago
  • ID#: PW22020931
0
Beds
0
Baths
0
½ Baths
0.23
Acres
1938
Built
Neighborhood:
7 - North Long Beach
County:
Los Angeles
Area:
7 - North Long Beach
Property Description
Attention investment !!! Prime locations ,Current tenant is an auto shop with monthly rent of $4,750 with annual 3-5% rent increase; current tenants lease is up 2/11/2022 with 5 year option; first building is 1218 SF , 2nd building is 996 SF ; entire lot is 10,166 SF ; great investment opportunity,Also the rent wasn't increased by 3% annually for the last 5 years, A new contract can be $5,500/ per month with 3% annual increase.Good investment opportunity !!!
Exterior Features

Construction Materials Brick Lot Features 2-5 Units/AcreNo Landscaping Sign On Property YN No

Property Features

Additional Parcels YN No Business Type Auto Repair-SpecialtyAuto ServiceAuto Tires Common Interest None Land Lease YN No Laundry Features None Lease Considered YN No Listing Agreement Exclusive Right To Sell Listing Terms Cash To New Loan Property Sub Type Business Special Listing Conditions Standard Utilities None Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-21T21:30:51.95. 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 or Cochren Realty Team | Just Listed So Cal. Licensed in the State of California, USA.
 
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Cochren Realty Team | Just Listed So Cal
25321 Railroad Canyon Rd #504
Lake Elsinore CA, 92532
Listing Agent(s): Anna Park of Team Spirit Realty, Inc. (714-869-3683)