2016 Pacific Avenue, Long Beach, CA 90815

$899,000 Approx. USD 0 beds, 0 baths
4,500 sqft

Agent Remarks

Prime Retail / Office Building in the Wrigley Area of Long Beach. This building is perfect for an Investor or a Owner User. It is also a great property for a 1031 Exchange or a SBA loan with 10% Down. It has a lot of upside potential due to the constant changes in the area. The property originally had 3 suites but two suite have been converted into one larger suite (but can easily be converted back). The big suite has been used as a Mexican Bakery for over 20 years. The Bakery has left and the space is now vacant. The other suite has been used by an office/retail user for a very long time and is currently on a month to month lease. We can put together a new longer term lease if requested. Rent for the smaller space is $1,950 a month. Free Standing Retail/ Office Building on Major Retail Corridor in Long Beach -- One parcel off the main intersection (near 20th and Pacific) and just minutes away from the 405/710 Freeway. The property also has a private gated parking lot in the back. The property has been priced for an IMMEDIATE SALE -- THE LOW PRICE WAS JUST ADDED DROPPING THE PRICE $100,000 TO FIND A BUYER RIGHT AWAY. At this price, the property will go fast. It is the best priced building in the area.

Listing Details

Property type: (Commercial)
Status: Active
MLS# AR16139756
List price is $899,000
Beds: 0
Baths: 0
Built in 1946
4,500 sqft
0.17 acres
Lot size: 7589.000
County: Los Angeles
MLS area: 5 - Wrigley Area

Last Updated: 11/30/2016

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This listing belongs to the 5 - Wrigley Area MLS area

Lat/Long: 33.793919, -118.193298.
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Broker: Courtesy of Provenio Realty and Investment
Listing Agent: Mike Vachani

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