$2,150,000
Retail Investment Opportunity – "Anaheim Pine Plaza" in Long Beach City. Located at the high-traffic intersection of Anaheim Street and Pine Avenue, adjacent to Pacific Avenue, this attractive commercial retail building sits in the well-established Anaheim Pine Plaza shopping center. Property Highlights: Building Size 4,467 SF. and Lot Size 13,853 SF. This building was rebuilt in 2008 and it is in good and modern condition. It has more than 20 on-site spaces - ample for customers and staffs. Zoning is Commercial Retail. One tenant is LPB Convenience Store – Long-term, stable tenant. Using 2,820 sf, rent is $8,556.37. The other is Veronica’s Insurance – Well-known brand throughout Southern California. Using 1620 sf, rent is $5,861.84. Total monthly income is $14,418. Yearly gross income is $173,018 and net income is $136,158. This good income makes Cap Rate of 6.33%. Both tenants under Rent + NNN leases. 3% Annual Rent Increases. Separate electrical meters, HVAC units, and utilities for each tenant. This is a rare opportunity to acquire a low-maintenance, income-producing asset with strong, long-term tenants in place. Ideal for investors seeking a stable return with built-in rental growth in a high-visibility, high-traffic location. (See attached Listing Supplements for Property information, Rent roll, and Profit/ Expense detail)
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Listed by Jun Chang with New Star Realty & Investment (213) 385-4989
Property Type
Business
Status
Active
MLS Number
SB25187552
Year Built
2008
Lot Size
0.32 acres