2545 East Broadway

Long Beach, CA 90803

$3,200,000
Price
3
Beds
7
Baths
10,401 Sq. Ft.
$308 / Sq. Ft.
10,401
Sq. Ft.
$308
per Sq. Ft.

Description

We are offering the opportunity to acquire The Broadway Retail and Apartments, a 10 unit mixed use building located in the Bluff Park area of Long Beach, CA. The property offers (3) commercial storefront units, (2) 1 bedroom units, and (5) two bedroom units, producing excellent income. Community amenities include on-site laundry as well as a spacious central courtyard for tenants to enjoy. The buildings have been very well maintained showing clear pride of ownership. There is untapped potential for...We are offering the opportunity to acquire The Broadway Retail and Apartments, a 10 unit mixed use building located in the Bluff Park area of Long Beach, CA. The property offers (3) commercial storefront units, (2) 1 bedroom units, and (5) two bedroom units, producing excellent income. Community amenities include on-site laundry as well as a spacious central courtyard for tenants to enjoy. The buildings have been very well maintained showing clear pride of ownership. There is untapped potential for additional income and ADU's with the property footprint containing ample storage and garage parking in the rear. The Broadway Retail and Apartments provides an investor the opportunity to acquire an income producing asset in a prime location in Long Beach. Opportunity to own a premium corner lot in a great Bluff Park location of Long Beach. This mixed-use property has retail units on Broadway, a main corridor, along with apartments on top of the retail and behind. The property also has a rear courtyard and garages, providing advantages that many similarly located properties do not have. Property Address also commonly referred to as 221-235 Wisconsin Ave.
  1. Listed by Christopher Pettit • DRE #01983950 • Brokerage DRE #02014153 • Skyline Commercial Real Estate • 626-664-9863
  2. Listed by Christopher Walker • DRE #01905338 • Brokerage DRE #01921625 • Triqor Group

Property Details for 2545 East Broadway

Parking Spaces Total
8
Private Pool
No
Total Units
10.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
10401
Assessor Parcel Number
7263-016-014
Property Attached YN
true
LISTING UPDATED: 09/18/2024 02:29 AM

Property Details for 2545 East Broadway

StatusActive
MLS #OC24184921
Days on Market65
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income
Year Built1946
Lot Size0.22 AC / 9,448 SF
CountyLos Angeles County

Building Information for 2545 East Broadway

Stories2Residences-Year Built1946Building Size-Lot Size0.22 AC / 9,448 SF

Property Information for 2545 East Broadway

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $224,791
  • Gross Scheduled Income: $224,791
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $2,180,467
  • Net Operating Income: $143,186
  • Garage Income: $3,300
  • Laundry Income: $764
  • Other Income Description: Oil & Mineral Rights
  • Other Income 1: $7,559
  • Current Financing: None
Expense Details
  • Operating Expense: $74,862
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $9,361
  • Professional Management Expense: $9,812
  • Trash Expense: $0
  • Water Sewer Expense: $3,644
  • Total Expenses: $75,862
Tax / Assessment Info
  • Tax Tract Number: 2-57
  • Tax Census Tract: 5767.00
  • Tax Lot: 13
Community / Development
Community / Development
  • Community Features: Biking, Sidewalks
Property / Structure Info
Interior Features
  • Appliances: Gas Oven, Gas Range
  • Equipment: Community
  • Laundry: Yes
  • Laundry Features: Community
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: Corner Lot
  • Number Of Units: 10
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking: Yes
  • Parking Garage: Garage
  • Uncovered Spaces: 4
  • Open Other Spaces Total: 4
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
  • Parking Features: Garage
Property / Structure Info
  • Builders Tract Name: Belmont Heights
  • Builders Tract Code: Belmont Heights (BH)
Unit Information
Unit 1
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,623
  • Unit Type Total Rent: $3,246
  • Unit Type Pro Forma: 4350
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 5
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,048
  • Unit Type Total Rent: $10,240
  • Unit Type Pro Forma: 12000
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 3
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,426
  • Unit Type Total Rent: $4,278
  • Unit Type Pro Forma: 8700
  • Unit Type Type: 3
Unit Information
  • Number Of Units Leased: 10
  • Rent Controlled: Yes
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 1
  • Number With Range: 7

Property History for 2545 East Broadway

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 2545 East Broadway

Taxable ValueLand$266,793Additions$411,935Total$678,728
Tax Record2024$11,604 ($967 / month)
Home Facts
Total Finished SqFt10,401 SqFtAbove Grade Finished SqFt10,401 SqFtStories1Lot Size9,446 SqFtStyleOffice BuildingYear Built1946ZoningLBCNPCountyLOS ANGELESAPN7263-016-014

Schools near 2545 East Broadway

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
Charter - 9 to 12
Rating
School
Distance
Burbank Elementary School
PublicK to 5

Jefferson Leadership Academies School
Public6 to 8

Wilson High School
Public9 to 12

Clear Passage Educational Center
Charter9 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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2545 East Broadway is a mixed use property for sale in Long Beach, CA 90803. This property was listed for sale on September 5, 2024 by Skyline Commercial Real Estate, it's currently listed at $3,200,000. This listing's school district is Long Beach Unified School District. Nearby schools include Burbank Elementary School, Jefferson Leadership Academies School and Wilson High School. 2545 East Broadway is a 3-bed, 7-bath, 10,401 sqft mixed use property built in 1946.

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 Skyline Commercial Real Estate, Christopher Pettit, DRE #01983950; Triqor Group, Christopher Walker, DRE #01905338

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.