Seller Financing
Address
333 Orange Avenue Long Beach, CA
Price
$ 8,825,000
Property Attributes
- MLS#OC20245684
- TypeCommercial
- CountyLOS ANGELES
- CityLong Beach
- AreaDowntown Area - Alamitos Beach
- Zip90802
- StyleMulti Family
- Price$ 8,825,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage4388
Listing Provided Courtesy Of:
Tony Morrison with Lantern Bay Realty.
Property Description
7 Long Beach Multi-Family Properties Portfolio for Sale. Includes transitional living Business, land, buildings, offered at $8,825,000, 7.3% CAP with Seller Financing available. MUST BE SOLD with 6 other multifamily properties in the Downtown Long Beach Area. The 7 property Portfolio includes the following 6 properties: 801 Alamitos Ave.— 4plex, four 2 bed 1 baths, 3508 Sq. Ft., 5006 lot size, built in 1923 ***Opportunity Zoned***324 W. 7th St.—4 plex, four 1 bed 1 baths, 2808 Sq. Ft., 2250 lot size, built in 1949. 412 & 414 Zona Ct.—6 plex, six 1 bed 1 baths, 5100 Sq. Ft., 5725 lot size, built in 1928. 6796 N. Paramount— 3 units, mixed use, one 3 bed 2 bath, one 2 bed 1 bath, commercial storefront, 2000 Sq. Ft., 2801 lot size, built in 1937. 620 Pacific Ave.—3 Units, mixed use, 2 bed 1 baths, one 1 bed 1 bath, one commercial storefront, 1981 Sq. Ft., 2001 lot size. Total Offering Price: $8,825,000 Annual Income with leased to business properties in Torrance CA: $957,000 Annual Expenses: $312,025 Combined NOI: $644,975 Combined Cap Rate: 7.30% Transitional Living Business is included with purchase of NOI on new purchase price of $8,825,000. Current owner agrees to stay between 3 to 6 months for training new owner. Includes 5 non-real estate owned locations in Torrance, CA. Perfect for owner/operators with tons of cash flow, or for redeveloper for re-use, or added value investment.
| Price History | |
|---|---|
| 11/24/2020 | Listed $8,825,000 |
General Features
| Co-Listing Agent Last Name | Peggy |
|---|---|
| Co-Listing Agent Last Name | French |
| Co-Listing Agent State License # | 00455781 |
| Co-listing Agent | Peggy French - BRE#00455781 |
| Directions | 710 Fwy Exit Ocean head towards Orange |
| Listagentaor | Orange County |
| Listing Agent | Tony Morrison - BRE#01346460 |
| Listing Agent State License | 01346460 |
| MLS Area | 4 - Downtown Area, Alamitos Beach |
| Price Per Square Foot | 2011.17 |
| Property SubType | Multi Family |
| Property Type | Commercial Sale |
| Source System | CRMLS |
| Special Listing Conditions | Standard |
Interior Features
| Condo Area Unit Type | Square Feet |
|---|---|
| Laundry Features | None |
Exterior Features
| Building Area Total | 4388.00 |
|---|---|
| Land Use | Multi-Family |
| Lot Size Source | Assessor |
| Water Source | Public |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Master On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Zip Code Average in 90802
Price
Visits
Year Built
Based on information from California Regional Multiple Listing Service, Inc. as of January 24, 2021 6:35 AM UTC 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
Based on information from CRISNet MLS as of January 24, 2021 6:35 AM UTC
All data, including all measurements and calculations of area, is obtained from various
sources and has not been, and will not be, verified by broker or MLS.
All information should be independently reviewed and verified for accuracy.
Properties may or may not be listed by the office/agent presenting the information.
