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 |
Photos
Real Estate Resource Center
Real Estate Reports for Home Owners, Sellers & Buyers!
25 Factors That Impact Your Home Value
25 Factors that Impact Your Home Value! 😃 💰
Download Guide for Free
Property Watch: How to Find The Best Home Deals In Your Area
How to Find The Best Home Deals In Your Area Guide! 👩🏻💻 🏡
Download Guide for Free
12 Mistakes To Avoid When Selling Your Home
FREE Guide: 12 Mistakes to Avoid When Selling Your Home! 🏡 💵
Download Guide for Free
6 Things To Check Before Buying A Home
FREE Guide: 6 Things To Check Before Buying A Home! 🏡 💵
Download Guide for Free
Maps & Local
Schools
View More Listings
Click the property below to view the virtual tour of each listing.
