2545 Broadway Long Beach, CA 90803
Long Beach multifamily & retail gem. High potential.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 135
Highlights
- Prime corner location in desirable Bluff Park, Long Beach.
- Significant value-add potential, with projected NOI of $224,178 and 7.47% cap rate.
- Potential for accessory dwelling units (ADUs).
- Large residential units (two 1-bedroom, five 2-bedroom apartments).
- Well-maintained property with on-site laundry and courtyard; 100% occupancy.
- All SB721 inspections complete.
Property Details for 2545 Broadway
- Property type
- Retail properties, Mixed-use properties
- Square Feet
- 10,401 SF
- Year Built
- 1936
- Buildings
- 2
- Stories
- 2
- Units
- 10
Location Insight
- City
- Long Beach
- County
- Los Angeles
- State
- California
- Latitude
- 33.766085674191
- Longitude
- -118.16166561087
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - Long Beach multifamily & retail gem. High potential.
- Where is the retail property located?
- The property is located at 2545 Broadway Long Beach, CA.
- What is the asking price?
- The asking price for this property is $3,000,000.
- What are key features of this property?
- This property features: Prime corner location in desirable Bluff Park, Long Beach.; Significant value-add potential, with projected NOI of $224,178 and 7.47% cap rate.; Potential for accessory dwelling units (ADUs).
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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