402 E 1st Street

    Long Beach, CA 90802
    • $2,695,000
    • STATUS: Active
    • ON SITE: 115 days
    • ID#: PW18296173
    UPDATED: 58 min ago
    $2,695,000
    • 0
      BEDS
    • 0.09
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,856
      SQFT
    • $393
      $/SQFT
    Type:
    Commercial
    Built:
    1902
    County:

    School Ratings & Info

    Description

    402 East 1st Street is a two story property located in the heart of East Village's high-traffic, high-density area of Long Beach. The building totals approximately 6,856 square feet on approximately 3,730 square feet of land. The subject property is a mixed use development with three ground floor retail spaces and three residential units located on the second floor. Its just steps to The Westin Long Beach Hotel, a central hub for the over 6 million visitors and tourists to the Downtown Long Beach area.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-04-20T23:30:42.963. 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.themarellygroup.com/homes/90371018

    402 E 1st Street Long Beach, CA 90802

    • Price: $2,695,000
    • Status: Active
    • Updated: 58 min ago
    • ID#: PW18296173
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.09
    Acres
    6,856
    SQFT
    $393
    $/SQFT
    1902
    Built
    Neighborhood:
    4 - Downtown Area, Alamitos Beach
    County:
    Los Angeles
    Area:
    4 - Downtown Area, Alamitos Beach
    Property Description
    402 East 1st Street is a two story property located in the heart of East Village's high-traffic, high-density area of Long Beach. The building totals approximately 6,856 square feet on approximately 3,730 square feet of land. The subject property is a mixed use development with three ground floor retail spaces and three residential units located on the second floor. Its just steps to The Westin Long Beach Hotel, a central hub for the over 6 million visitors and tourists to the Downtown Long Beach area.
    Exterior Features

    Construction Materials Stucco Fence YN Yes Fencing Partial Lot Features Corner Lot Lot Size Dimensions 50X75 Lot Size Source Assessor Lot Size Units Square Feet

    Interior Features

    Condo Area Units Square Feet Laundry Features None

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Building Status Existing Cap Rate 4.62 Country Us Effective Gross 169893 Expense Year 2017 Gross Scheduled Income 175236.00 Investment Property YN Yes Land Use Retail Laundry YN No Leasable Area Units Square Feet Lot Dimensions Source Estimated Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 124423.00 Number Of Units Leased 6 Occupancy Occupied Operating Expense 45470.00 Property Sub Type Mixed Use Retail Center Type Mixed Use Special Listing Conditions Standard Tax Year 2017 Total Expenses 45470.00 Total Monthly Rent 14978 Vacancy Allowance 5343 Vacancy Allowance Rate 3.00 Water Source Public Zoning Pd30

    Listing provided courtesy of J. Steven Warshauer of Coldwell Banker Commercial and Dublin Wahlberg of Realty One Group Diamond


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-04-20T23:30:42.963. 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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    5256 South Mission Rd, Suite 1006
    Bonsall CA, 92003