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
AVG $1.03M
$8.83M
Visits
AVG 126
32
Year Built
AVG 1960
1923

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