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5550 E 2nd Street
USD 2,300,000
Property ID: PW24002962
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5550 E 2nd Street ,90803
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icon 3207 SqFt
icon Built in 1964
icon USD 717/SqFt
icon 0 Bed
icon 0 Full
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Location Street View
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Interior Details
Bedrooms
0
Bathrooms
0
Interior Size
3428
Construction Details
Property Type --
Property Condition --
Architectural Style --
New Construction --
Year Built 1964
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Detailed Introduction Of This Home
Rare mixed-use opportunity situated in the heart of Naples Island, Long Beach, California. The property comprises a two-story building with a total area of 3,428 sq ft, situated on a 3,207 sq ft lot. comprised of 3-commercial units totaling approximately 1,866 sf and 2-2brx 1ba apartment units. at street level It features 4 parking spaces, including 3 garages. Currently occupied, the property may be delivered without tenants, presenting an excellent opportunity for either an owner/user or an investor targeting a potential 5.89% CAP rate. Positioned on a main thoroughfare with a daily vehicle count exceeding 40,000, this property offers significant visibility and accessibility. It's an ideal investment for those seeking prime coastal real estate. Additionally, the property holds potential for commercial and short-term rental uses, providing upside potential for income generation. Situated in the coveted Belmont Shore, Alamitos Bay, Pacific Ocean, Peninsula area of Long Beach, this property offers a highly desirable coastal lifestyle. It's an excellent opportunity to fulfill the California dream of living, working, and playing by the beach every day. All information is deemed reliable but not guaranteed; buyers are encouraged to conduct their own investigations.
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Cissy Tang
TEL: (+1)626 9868**** icon
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Contact Development/Agent
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Cissy Tang
(+1)626 9868**** icon
Please enter your nationality
+87
Cannot be empty
Email address is invalid Email address not authenticated!
Cissy Tang
(+1)626 9868**** icon
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5550 E 2nd Street
USD 2,300,000 0 Beds
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