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    555 E 3rd Street

    Long Beach, CA 90802
    • $699,000
    • STATUS: Active Under Contract
    • ON SITE: 48 days
    • ID#: PW20212329
    Under Contract
    UPDATED: 33 min ago
    $699,000
    • 0
      BEDS
    • 0.09
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,926
      SQFT
    • $363
      $/SQFT
    Type:
    Commercial
    Built:
    1957
    County:

    School Ratings & Info

    Description

    We are pleased to present to you a very unique opportunity to own a 2 unit LIVE/WORK building developed in 1999. Located in the Heart of the East Village Arts District of Downtown Long Beach, CA this was a commercial space to Artist Live/Work conversion. Many options to use such as live in one and use the other for your business, keep as two live/work spaces or convert back to commercial only. Front Unit (535) has high wood beam ceilings, Rear Unit(555) has large Roll Up door. Each unit has kitchen with Stove. Concrete Floors throughout. Long Term tenants. Upside in rents. 4 off street parking spaces. High ceilings and roll up door access.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-11-26T00:26:27.447. 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 The Marelly Group | Compass. Licensed in the State of California, USA.

    www.themarellygroup.com/homes/110839801
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    555 E 3rd Street Long Beach, CA 90802

    • Price: $699,000
    • Status: Active Under Contract
    • Updated: 33 min ago
    • ID#: PW20212329
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.09
    Acres
    1,926
    SQFT
    $363
    $/SQFT
    1957
    Built
    Neighborhood:
    4 - Downtown Area, Alamitos Beach
    County:
    Los Angeles
    Area:
    4 - Downtown Area, Alamitos Beach
    Property Description
    We are pleased to present to you a very unique opportunity to own a 2 unit LIVE/WORK building developed in 1999. Located in the Heart of the East Village Arts District of Downtown Long Beach, CA this was a commercial space to Artist Live/Work conversion. Many options to use such as live in one and use the other for your business, keep as two live/work spaces or convert back to commercial only. Front Unit (535) has high wood beam ceilings, Rear Unit(555) has large Roll Up door. Each unit has kitchen with Stove. Concrete Floors throughout. Long Term tenants. Upside in rents. 4 off street parking spaces. High ceilings and roll up door access.
    Exterior Features

    Lot Features Level With Street Lot Size Source Assessor Lot Size Units Square Feet Parking Ratio 2.00 Parking Total 4.00 Uncovered Spaces 4.00

    Interior Features

    Condo Area Units Square Feet Laundry Features None

    Property Features

    Accounting Type Actual Additional Parcels YN No Building Area Units Square Feet Building Status Existing Cap Rate 4.08 Country Us Current Financing None Effective Gross 40800 Electric Standard Exclusions Tenant Personal Property Expense Year 2020 Gross Scheduled Income 40800.00 Insurance Expense 938.00 Land Use Other Laundry YN No Leasable Area Units Square Feet Maintenance Expense 485.00 Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 28560.00 Number Of Units Leased 2 Operating Expense 12240.00 Property Sub Type Mixed Use Real Estate Tax Expense 8737.00 Special Listing Conditions Standard Tax Annual Amount 3752.00 Tax Year 2019 Total Expenses 12240.00 Trash Expense 890.00 Utilities Electricity Available Water Sewer Expense 1190.00 Water Source Public Zoning Pd-30

    Listing provided courtesy of Vincent Sanchez of Appleby Commercial Real Estate


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-11-26T00:26:27.447. 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 The Marelly Group | Compass. Licensed in the State of California, USA.

     
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    The Marelly Group | Compass
    5256 South Mission Rd, Suite 1006
    Bonsall CA, 92003