$2,300,000 - 5550 2nd Street, Long Beach
- 0Beds
- Baths
- 0SQ. Feet
- 0.07Acres
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.
Sales Agent
Sam SmithBeach Cities Real EstatePhone: 562-355-8228 Cell: 562-355-8228 Contact Agent NowEssential Information
- MLS® #:PW24002962
- Price:$2,300,000
- Bathrooms:0.00
- Acres:0.07
- Year Built:1964
- Type:Commercial Sale
- Sub-Type:Mixed Use
- Status:Closed
- Listing Agent:George Bustamante
- Listing Office:Coldwell Banker Commercial
Community Information
- Address:5550 2nd Street
- Area:1 - Belmont Shore/Park,Naples,Marina Pac,Bay Hrbr
- City:Long Beach
- County:Los Angeles
- Zip Code:90803
Interior
- # of Stories:2
Exterior
- Lot Description:Rectangular Lot
Additional Information
- Date Listed:January 1st, 2024
- Days on Market:32
Similar Type Properties to PW24002962, 5550 2nd Street, Long Beach
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Similar Neighborhoods in Long Beach, California
Back to Results- City:
- Long Beach
- Price Range:
- $599,999 - $7,500,000
- Current Listings:
- 21
- HOA Dues:
- $0
- Average Price per Square Foot:
- $
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Based on information from California Regional Multiple Listing Service, Inc. as of April 29th, 2024 at 2:10am CDT. 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.