5656-5660 Paramount Blvd, Long Beach, CA 90805
3,435 SF | 100% Leased | Retail Building | Long Beach, CA 90805 | $825,000 ($240/SF) | 5.67% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $825,000
- Property Type
-
Retail
- Square Feet
- 3,435 SF
- Price / Square Foot
- $240
Listing Contacts
Joseph Lee
Verified Profile
- Property Info
Property Overview
Elifant Group is proud to present an exceptional investment opportunity in North Long Beach: a versatile retail building at 5656 Paramount Blvd. S ituated in a vibrant and growing area, 5656 Paramount Blvd is surrounded by diverse businesses and residential communities, ensuring a steady flow of potential customers. This property is a value-add dream for savvy investors, offering significant potential for growth and return on investment.
Key Features:
Total Area: Approximately 3,904 square feet
Units: Three units with below-market rental rates
Location: Strategically positioned just below the bustling intersection of South St and Paramount Blvd
Traffic: High visibility with over 24,000 cars passing by daily
Property Highlights:
Value-Add Potential: With current rental rates below market value, there is ample opportunity to increase income and maximize your investment.
High Traffic Location: Benefit from the heavy daily traffic flow, enhancing the visibility and attractiveness of this retail space to potential tenants and customers.
Versatile Units: The three separate units provide flexibility for various retail or commercial uses, appealing to a wide range of businesses.
Key Features:
Total Area: Approximately 3,904 square feet
Units: Three units with below-market rental rates
Location: Strategically positioned just below the bustling intersection of South St and Paramount Blvd
Traffic: High visibility with over 24,000 cars passing by daily
Property Highlights:
Value-Add Potential: With current rental rates below market value, there is ample opportunity to increase income and maximize your investment.
High Traffic Location: Benefit from the heavy daily traffic flow, enhancing the visibility and attractiveness of this retail space to potential tenants and customers.
Versatile Units: The three separate units provide flexibility for various retail or commercial uses, appealing to a wide range of businesses.
Property Details
- Class
- C
- Year Built
- 1957
- Stories
- 1
- Property Subtype
- Storefront, Grocery/Convenience Store
- Lot Size (sq. ft)
- 5,227 SF
Highlights
- High Traffic Thoroughfare
- Value-Add Opportunity (Below Market Leases)
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