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Listed by Julio Bonilla • Keller Williams Pacific Estate
$ 2,220,000
Est. payment | /mo
6,421 SqFt
$ 2,220,000
Est. payment | /mo
6,421 SqFt
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 6,421 sqft
Price per Sqft $345
MLS Listing ID CRDW25013299
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1938
Lot Size 0.265 Acres
Property Sub-Type Retail
Property Description
This exceptional investment opportunity presents two well-maintained retail buildings strategically positioned in the Lakewood Village neighborhood off of the bustling Lakewood Boulevard in Long Beach, California. Offered at $2.22 million, these properties generate a combined Net Operating Income (NOI) of $128,745.98, demonstrating a strong and reliable income stream. The first property, situated at 4148 Norse Way, encompasses 4,841 square feet of leasable space on a 5,856 square foot lot. The second property, located at 4411 E Village Road, provides 1,380 square feet of retail space on a 5,860 square foot lot. Both buildings are currently 100% occupied by established tenants with proven track records, ensuring immediate and consistent cash flow for the new owner. Beyond the immediate returns, this offering boasts significant potential for future growth. The combined 11,716 square feet of land presents an enticing opportunity for future development or expansion, allowing investors to capitalize on the prime location and increasing property values in the Lakewood Village area. Situated in a high-traffic corridor with excellent visibility and accessibility, these properties attract a steady flow of customers and offer convenient access to major thoroughfares. This offering represen
Location
State CA
County Los Angeles
Interior
Fireplace No
Building
Water Public
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Paul LeJoy
Broker-Owner | Lic# 01467744