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$ 2,220,000
Est. payment | /mo
0.27 Acres Lot
$ 2,220,000
Est. payment | /mo
0.27 Acres Lot
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID DW25013299
HOA Y/N No
Year Built 1938
Lot Size 0.265 Acres
Lot Dimensions Public Records
Property Description
This exceptional investment opportunity presents two well-maintained retail buildings strategically positioned in the Lakewood Village neighborhood off of the bustling Lakewood Boulevard in Long Beach, California. Offered at $2.22 million, these properties generate a combined Net Operating Income (NOI) of $126,345.98, demonstrating a strong and reliable income stream.
The first property, situated at 4148 Norse Way, encompasses 4,841 square feet of leasable space on a 5,856 square foot lot. The second property, located at 4411 E Village Road, provides 1,380 square feet of retail space on a 5,860 square foot lot. Both buildings are currently 100% occupied by established tenants with proven track records, ensuring immediate and consistent cash flow for the new owner.
Beyond the immediate returns, this offering boasts significant potential for future growth. The combined 11,716 square feet of land presents an enticing opportunity for future development or expansion, allowing investors to capitalize on the prime location and increasing property values in the Lakewood Village area.
Situated in a high-traffic corridor with excellent visibility and accessibility, these properties attract a steady flow of customers and offer convenient access to major thoroughfares. This offering represents a compelling investment opportunity with strong cash flow, long-term stability, and the potential to significantly enhance value over time. Both buildings are being offered as one sale and must transfer together.
The first property, situated at 4148 Norse Way, encompasses 4,841 square feet of leasable space on a 5,856 square foot lot. The second property, located at 4411 E Village Road, provides 1,380 square feet of retail space on a 5,860 square foot lot. Both buildings are currently 100% occupied by established tenants with proven track records, ensuring immediate and consistent cash flow for the new owner.
Beyond the immediate returns, this offering boasts significant potential for future growth. The combined 11,716 square feet of land presents an enticing opportunity for future development or expansion, allowing investors to capitalize on the prime location and increasing property values in the Lakewood Village area.
Situated in a high-traffic corridor with excellent visibility and accessibility, these properties attract a steady flow of customers and offer convenient access to major thoroughfares. This offering represents a compelling investment opportunity with strong cash flow, long-term stability, and the potential to significantly enhance value over time. Both buildings are being offered as one sale and must transfer together.
Location
State CA
County Los Angeles
Area 29 - Lakewood Village
Zoning LBCC
Interior
Fireplace No
Laundry None
Building
Lot Description 0-1 Unit/Acre
Story 1
Water Public
Others
Tax ID 7182021029
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
Listed by Julio Bonilla • Keller Williams Pacific Estate • 562-355-8060