**PRICE IMPROVEMENT** Whether you're looking to expand your real estate portfolio or embark on your first investment venture, this mixed-use commercial/residential property in the City of South Gate is brimming with potential. The ground floor consists of a barbershop (current rent $1,350), a Zumba fitness studio (current rent… Read More $1,800) and a 3 bedroom apartment on the second floor (current rent $1,835). With 5 parking spaces located at the rear of the property and an easement for shared driveway access with neighboring property at 9622 Long Beach Blvd., you will appreciate the ease of access for both customers and residents alike. To respect tenant privacy, we kindly ask that you do not disturb them, Drive by only, SUBJECT TO INTERIOR INSPECTION. Operating Expenses are estimates, Buyer to do their due diligence to satisfy themselves with all aspects of the property. Property to be sold as is with current tenants in place. This unique opportunity MUST be purchased together with the adjacent property at 9612 Long Beach Blvd. MLS # SR25054219, creating even greater possibilities for expansion or redevelopment in this thriving area Read Less
Property listed by RBS Realty, Joe Pineda 213-422-1949
Listing Snapshot
Days Online
180
Last Updated
Property Type
Mixed Use
Lot Size
0.11 Acres
Year Built
1940
MLS Number
SR25053980
30 Days Snapshot Of 90280
$695k
-2%
(avg) sold price
17
+88%
homes sold
76
+5%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1940, Building area total: 3,753, Levels: Two, 2 stories, 1 building, Architectural style: , Attached, Common walls: TwoCommonWallsOrMore
Community
StreetLights, Sidewalks
Expenses
Insurance expense: $2,800, Operating expense: $13,680, Water sewer expense: $2,880, Other expense: $8,000
Income
Gross income: $59,820, Net operating income: $46,140
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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