9622 Long Beach Blvd, South Gate, CA 90280
- $800,000
- 2
- BD
- 2
- BA
- 3,753
- SqFt
- Sold Price
- $800,000
- List Price
- $868,000
- Closing Date
- Dec 01, 2022
- MLS#
- 22-128917
- Status
- SOLD
- Type
- Multifamily
- Bedrooms
- 2
- Bathrooms
- 2
- Living Area
- 3,753
Property Description
Mixed use property in Southgate featuring a bar and retail down stairs and two residential apartments upstairs. Bar (1180sf) and one apartment unit (840sf) currently vacant and may be rented for market rents. Occupied units are on month to month leases and are paying below market rents. Great upside potential for new owner. Property has been in the same family for many years and is now a great opportunity for new management. Retail store (1010sf) rented for $900/mo. Residential unit (805sf) is rented for a total of $1,000 for month. Bar was previously rented for $2000/month and is now vacant. All leases are month to month and verbal agreements. Seller may opt for 1031 exchange. Buyer to cooperate with seller 1031 exchange if necessary. Parking is accessed through a shared driveway. Great opportunity on a street that is marked for development.
Additional Information
- Year Built
- 1945
- View
- None
- Garage
- Shared Driveway, Parking Space
Mortgage Calculator
Courtesy of Nourmand & Associates-HW, Mark Alan Walker. Selling Office: .
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