931-943 Hill St, Long Beach, CA 90806
3,270 SF | Retail Building | Long Beach, CA 90806 | $819,000 ($250/SF) | 3.13% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $819,000
- Property Type
-
Retail
- Square Feet
- 3,270 SF
- Price / Square Foot
- $250
Listing Contacts
Brett Cervantes
Verified Profile
- Property Info
Property Overview
Paul Kott Realtors, Inc. – Commercial Division is pleased to auto building comprised of approximately 3,270 with the lot size of 10,018-square feet. This offering represents an excellent opportunity for an auto operator, owner/user/investor to purchase an automotive repair property in Long Beach.
Originally built in 1956, the building is constructed of block, offers two restrooms, two underground lifts, and several above ground lifts.
The seller is offering very attractive financing as follows: $300,000 down payment at six percent (6.0%) INTEREST ONLY, for SEVEN (7) years (or buyer has option for a fully amortized loan at 6.0%, amortized over 30 years, due in 7 years). At the purchase price, the monthly payment would be $2,595 per month, again for 7 years. This also provides an opportunity to collect income from the tenant while occupying a section of the property.
Originally built in 1956, the building is constructed of block, offers two restrooms, two underground lifts, and several above ground lifts.
The seller is offering very attractive financing as follows: $300,000 down payment at six percent (6.0%) INTEREST ONLY, for SEVEN (7) years (or buyer has option for a fully amortized loan at 6.0%, amortized over 30 years, due in 7 years). At the purchase price, the monthly payment would be $2,595 per month, again for 7 years. This also provides an opportunity to collect income from the tenant while occupying a section of the property.
Property Details
- Class
- C
- Year Built
- 1956
- Stories
- 1
- Property Subtype
- Vehicle Related, Distribution, Office/Residential, Office Live/Work Unit
- Lot Size (sq. ft)
- 10,019 SF
Highlights
- Seller Financing Available: $300,000 down payment at six percent (6.0%) INTEREST ONLY, for SEVEN (7) years (or buyer has option for fully amortized)
- Large Fenced Lot with Abundant Parking for Vehicles
- Tenant is on a Month to Month Lease
- Eight Plus Auto Bays with Two Underground Lifts and Multiple Above Ground Lifts
- New Owner can Collect Income from Existing Tenant(s) and Occupy Portion of the Building
- Located in a Residential Neighborhood
Nearby Properties
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