Mixed use property in Southgate featuring a bar and retail down stairs and two residential apartments upstairs.

9622 LONG BEACH BLVD, SOUTH GATE, CA

$899,000

Mixed use property in Southgate featuring a bar and retail down stairs and two residential apartments upstairs. All 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 rented for $900/mo. Residential units rented for a total of $1,130 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.

Listing Courtesy of Mark Alan Walker, Nourmand & Associates Realtors, MLS ID# 22-128917

Property Details

Property Type MultiFamily
Mls # 22-128917
LotSize 0.15 acres
Property Subtype Single Family Attached
Year Built 1945
Cooling Systems window unit(s) a/c
Exterior Types stucco
Parking Types driveway
Num Of Floors 2.0

9622 LONG BEACH BLVD, SOUTH GATE, CA

$899,000

Mixed use property in Southgate featuring a bar and retail down stairs and two residential apartments upstairs. All 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 rented for $900/mo. Residential units rented for a total of $1,130 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.

Listing Courtesy of Mark Alan Walker, Nourmand & Associates Realtors, MLS ID# 22-128917

Property Details

Property Type MultiFamily
Mls # 22-128917
LotSize 0.15 acres
Property Subtype Single Family Attached
Year Built 1945
Cooling Systems window unit(s) a/c
Exterior Types stucco
Parking Types driveway
Num Of Floors 2.0

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