208 West Anaheim Street

Long Beach, CA 90813

$2,200,000
Price
Beds
9,200 Sq. Ft.
$239 / Sq. Ft.
9,200
Sq. Ft.
$239
per Sq. Ft.

Description

MASSIVE UPSIDE with a proforma CAP of 7.44%. NOI is $223,200 and gross income is $372,000. Property has a new roof! 15 studio rentals upstairs are vacant and need to stripped down to the studs. Five lower retail units are in average condition. Two are currently rented at $1,500/mo with month to month tenants that will vacate upon sale. All commercial units will be delivered vacant. Located a half mile East of the 710 freeway with great rental demand in the area. This would be a great Section 8 play...MASSIVE UPSIDE with a proforma CAP of 7.44%. NOI is $223,200 and gross income is $372,000. Property has a new roof! 15 studio rentals upstairs are vacant and need to stripped down to the studs. Five lower retail units are in average condition. Two are currently rented at $1,500/mo with month to month tenants that will vacate upon sale. All commercial units will be delivered vacant. Located a half mile East of the 710 freeway with great rental demand in the area. This would be a great Section 8 play or great for government sponsored tenants. Would also work for regular tenants as well (after reno). Great opportunity and this will NOT last
  1. Listed by Mark Velasco • DRE #01789768 • Brokerage DRE #01948605 • West Shores Realty, Inc. • 626-392-9499

Property Details for 208 West Anaheim Street

Total Units
20.0
Lot Size Source
Assessor
Building Area Total
9200
Building Area Units
Square Feet
Stories Total
2
Entry Level
1
Parcel Number
7272001002
Area
Not Defined (699)
LISTING UPDATED: 05/02/2024 12:16 PM

Property Details for 208 West Anaheim Street

StatusActive
MLS #DW23158483
Days on Market451
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale / Mixed Use
Year Built1923
Lot Size0.11 AC / 5,003 SF
CountyLos Angeles County

Building Information for 208 West Anaheim Street

Stories2Residences-Year Built1923Lot Size0.11 AC / 5,003 SF

Property Information for 208 West Anaheim Street

Income / Expense / Tax Details
Income Details
  • Gross Scheduled Income: $372,000
  • Vacancy Allowance: 37200
  • Vacancy Allowance Rate: 10
  • Net Operating Income: $223,200
  • Laundry Income: $0
  • Other Income 1: $0
  • Cap Rate: 7.44
Expense Details
  • Operating Expense: $111,600
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community
Land/Lot Info
  • Lot Features: Level with Street
  • Land Use: Retail
  • Water Source: Public
Property / Structure Info
  • Building Status: Existing
  • Asset Class: Multi-Family, Retail
Unit Information
Unit 1
  • Unit Type Units Total: 15
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,400
  • Unit Type Area: 400
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 1
  • Unit Type Description: Studio Rentals
Unit 2
  • Unit Type Units Total: 5
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $2,000
  • Unit Type Area: 700
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 2
  • Unit Type Description: Retail Commercial
Unit Information
  • Number Of Units Leased: 2
  • Number Of Buildings: 1

Property History for 208 West Anaheim Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 208 West Anaheim Street

Taxable ValueLand$168,165Additions$334,530Total$502,695
Tax Record2024$9,691 ($808 / month)
Home Facts
Total Finished SqFt9,200 SqFtAbove Grade Finished SqFt9,200 SqFtStories1Lot Size5,003 SqFtStyleOffice BuildingYear Built1923ZoningLBCHWCountyLOS ANGELESAPN7272-001-002

Schools near 208 West Anaheim Street

This home is within Long Beach Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
International Elementary School
PublicK to 5

Washington Middle School
Public6 to 8

Cabrillo High School
Public9 to 12

Educational Partnership High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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208 West Anaheim Street is a mixed use property for sale in Long Beach, CA 90813. This property was listed for sale on August 24, 2023 by West Shores Realty, Inc., it's currently listed at $2,200,000. It has been on the market for a total of 451 days and was last sold on April 30, 2007. This listing's school district is Long Beach Unified School District. Nearby schools include International Elementary School, Washington Middle School and Cabrillo High School. 208 West Anaheim Street is a 0-bed, 0-bath, 9,200 sqft mixed use property built in 1923.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of West Shores Realty, Inc., Mark Velasco, DRE #01789768

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.