5550 2nd Street, Long Beach
Long Beach Home Sale
Rare mixed-use opportunity situated in the heart of Naples Island, Long Beach, California. The property comprises a two-story building with a total area of 3,428 sq ft, situated on a 3,207 sq ft lot. comprised of 3-commercial units totaling approximately 1,866 sf and 2-2brx 1ba apartment units. at street level It features 4 parking spaces, including 3 garages. Currently occupied, the property may be delivered without tenants, presenting an excellent opportunity for either an owner/user or an investor targeting a potential 5.89% CAP rate. Positioned on a main thoroughfare with a daily vehicle count exceeding 40,000, this property offers significant visibility and accessibility. It's an ideal investment for those seeking prime coastal real estate. Additionally, the property holds potential for commercial and short-term rental uses, providing upside potential for income generation. Situated in the coveted Belmont Shore, Alamitos Bay, Pacific Ocean, Peninsula area of Long Beach, this property offers a highly desirable coastal lifestyle. It's an excellent opportunity to fulfill the California dream of living, working, and playing by the beach every day. All information is deemed reliable but not guaranteed; buyers are encouraged to conduct their own investigations.
Property Details
Additional Information
-
- City:
- Long Beach
-
- County:
- Los Angeles
-
- Zip:
- 90803
-
- MLS® #:
- PW24002962
-
- Lot Size:
- 0.07
-
- HOA Dues:
- $
Price Change History for 5550 2nd Street, Long Beach, (MLS® #PW24002962)
| Date | Details | Price | Change |
|---|---|---|---|
| Closed | – | – | |
| Active Under Contract (from Active) | – | – |
Based on information from California Regional Multiple Listing Service, Inc. as of June 3rd, 2024 at 9:45am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.