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    620 Pacific Avenue

    Long Beach, CA 90802
    • $950,000
    • STATUS: ACTIVE
    • ON SITE: 63 days
    • ID#: 302970529
    $950,000
    • 3
      BEDS
    • 0.05
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    3 Units, mixed use, 2 bed 1 baths, one 1 bed 1 bath, and one commercial storefront. Business income is $81,600 per year, Expenses Includes New Taxes Based off Asking Price. Annual business income is $72,000, annual expenses with property taxes based on listing price is $30,450. NOI: $51,150 Cap Rate with Transitional Business: 5.38%. Transitional Business is included with sale or can be delivered vacant. 3 Units, mixed use, 2 bed 1 baths, one 1 bed 1 bath, and one commercial storefront. Business income is $81,600 per year, Expenses Includes New Taxes Based off Asking Price. Annual business income is $72,000, annual expenses with property taxes based on listing price is $30,450. NOI: $51,150 Cap Rate with Transitional Business: 5.38%. Transitional Business is included with sale or can be delivered vacant.

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
    www.sandiegoareahomesforsale.co/homes/112173759
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    620 Pacific Avenue Long Beach, CA 90802

    • Price: $950,000
    • Status: ACTIVE
    • ID#: 302970529
    3
    Beds
    0
    Baths
    0
    ½ Baths
    0.05
    Acres
    Neighborhood:
    Long Beach (90802)
    County:
    Los Angeles
    Area:
    Long Beach (90802)
    Property Description
    3 Units, mixed use, 2 bed 1 baths, one 1 bed 1 bath, and one commercial storefront. Business income is $81,600 per year, Expenses Includes New Taxes Based off Asking Price. Annual business income is $72,000, annual expenses with property taxes based on listing price is $30,450. NOI: $51,150 Cap Rate with Transitional Business: 5.38%. Transitional Business is included with sale or can be delivered vacant. 3 Units, mixed use, 2 bed 1 baths, one 1 bed 1 bath, and one commercial storefront. Business income is $81,600 per year, Expenses Includes New Taxes Based off Asking Price. Annual business income is $72,000, annual expenses with property taxes based on listing price is $30,450. NOI: $51,150 Cap Rate with Transitional Business: 5.38%. Transitional Business is included with sale or can be delivered vacant.
    Exterior Features

    Pool N/K Topography Level

    Interior Features

    Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1

    Property Features

    Actual Cap Rate 5.38 Annual Expense Actual 19250 Buildings 1 Gross Scheduled Income Actual 81600 Tenant Pays N/K Terms ExchangeSeller May Carry Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit1 Rent Actual 24000.0 Unit2 Rent Actual 24000.0 Unit3 Rent Actual 24000.0 Zoning Assessor

    Listing provided courtesy of Lantern Bay Realty. Listing information © 2021 San Diego MLS Inc. Source: CRMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
     
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    Steven G. Fraioli & Associates
    13176 Midbluff Ave
    San Diego CA, 92128