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154 Elm Ave
Long Beach, CA 90802

$1,895,000 USD

Storefront Retail Office For Sale • 7,500 SF

Property Details

Property Type Storefront Retail Office
Total Building Size 7,500 SF
Lot Size 0.09 AC
Building Class C
Year Built 1921
Tenancy Multiple
Zoning PD30

75 Transit Score

97 Walk Score

                
                    Highlights
                
                                Prime Location: Located in the vibrant East Village of Downtown Long Beach, close proximity to Long Beach Convention Center & Pine Ave attractions
                            
                                Mixed-Use Building: 4 commercial business tenants on the ground floor, providing reliable rental income
                            
                                Residential Units: 11 rented units above (10 studios and 1 one-bedroom) with 10 month-to-month leases in place
                            
                                Strong Income Potential: Currently operating over 6% CAP rate, offering a solid return on investment from the start
                            
                                Motel Designation: Residential units above have a motel designation, offering flexibility for future conversion
                            
                                Professional Management: Property is professionally managed with new management services available for motel conversion for interested buyers

Amenities

Bus Line

Public Transportation

Transit/Subway	Drive	Walk	Distance
1St Street Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro))	1 min	3 min	0.2 mi
Long Beach Transit Mall (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro))	2 min	7 min	0.4 mi
5Th Street Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro))	2 min	8 min	0.4 mi
Pacific Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro))	2 min	11 min	0.6 mi
Anaheim Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro))	4 min	19 min	1.0 mi
Airport	Drive	Walk	Distance
Long Beach (Daugherty Field)	11 min	-	4.8 mi
John Wayne/Orange County	32 min	-	21.2 mi
Los Angeles International	33 min	-	22.5 mi

Andrew Malekie 424-312-9552 Link Brokerages

154 Elm Ave Long Beach, CA 90802

$1,895,000 USD

Property Details

Highlights

Amenities

Public Transportation

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154 Elm Ave
Long Beach, CA 90802