Courtesy of: Anthony Walker | | Buckingham Investments, Inc
Days On Market: 88
Year Build: 1963
Address: 963 Alamitos
County: Los Angeles
City: Long Beach
Neighborhood: 4 - Downtown Area, Alamitos Beach
This property may be sold individually or as part of a 4 parcel, 13,779 lot square foot portfolio for $1,500,000. This individual listing includes 2 parcels, 7274-023-003 (auto repair shop) and 7274-023-004 (parking lot). Phase I and II environmental reports already complete. Highly visible signalized intersection with a day-to-day traffic count of 20,800 cars. Full portfolio includes 4 contiguous lots with potential to build up to 22 residential units plus an additional 3 ADU's. Strong income in place while waiting for entitlements at a 4.3% cap rate. Existing property is an auto repair shop of 2355 square feet on 6570 square feet of land including the vacant lot West of the shop. 4 bays plus office, rented for $3500 month to month.