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2610 Magnolia Ave
2610 Magnolia Ave, Long Beach, CA 90806
Listing Price: $599,000
Investment Overview
Marcus & Millichap is please to present for exclusively market for sale 2610 Magnolia Avenue (The "Property"), a 2050 square foot mixed-use retail property. The property is located in a dense infill location in the City of Long Beach, CA. Situated on a 6,653 square foot lot the tenants have good frontage and visibility from both Magnolia Avenue and Willow Street a major artery in the City of Long Beach.
The property consists of four street level retail suites with ample secured parking located just south of the main property. Tenants include a Wedding Chapel, Church an Insurance Company and Barber Shop. All tenants are month to month allowing a new investor to capitalize on the approximate 66% upside in rental income. Repositioning the asset by carrying-out interior renovations and upgrading the exterior facade should yield excellent returns not easily found in todays market.
2610 Magnolia Ave
Investment Highlights
- Dense Infill Location with Excellent Visibility for all Four Retail Tenants
- Tremendous Value-add Opportunity with 66% Upside in Income through Interior Renovation & Lease-up
- All Tenants are Month to Month
- Situated on a 6,653 Square Foot Lot w/ Ample Secured Parking for Tenants & Patrons
- Good Location just off Willow Street a Major Artery in the City of Long Beach Surrounded by Many Major Retailers
Exclusively Listed By
Financing By
Listing Price: $599,000
Investment Highlights
- Dense Infill Location with Excellent Visibility for all Four Retail Tenants
- Tremendous Value-add Opportunity with 66% Upside in Income through Interior Renovation & Lease-up
- All Tenants are Month to Month
- Situated on a 6,653 Square Foot Lot w/ Ample Secured Parking for Tenants & Patrons
- Good Location just off Willow Street a Major Artery in the City of Long Beach Surrounded by Many Major Retailers
Investment Overview
Marcus & Millichap is please to present for exclusively market for sale 2610 Magnolia Avenue (The "Property"), a 2050 square foot mixed-use retail property. The property is located in a dense infill location in the City of Long Beach, CA. Situated on a 6,653 square foot lot the tenants have good frontage and visibility from both Magnolia Avenue and Willow Street a major artery in the City of Long Beach. The property consists of four street level retail suites with ample secured parking located just south of the main property. Tenants include a Wedding Chapel, Church an Insurance Company and Barber Shop. All tenants are month to month allowing a new investor to capitalize on the approximate 66% upside in rental income. Repositioning the asset by carrying-out interior renovations and upgrading the exterior facade should yield excellent returns not easily found in todays market.
Exclusively Listed By
Financing By
