4302 E Anaheim Street,  Long Beach CA, 90804 (Residential Income)

5,511 sqft
Status: Sold
MLS#: 16114316
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Last Updated: 11/23/2017 1:45 AM
Description for 4302 E Anaheim Street Long Beach, CA 90804
OWNER WILL CARRY A FIRST FOR 20 YEARS. Charming mixed-use property located in the Historic Zaferia District of Long Beach, on the highly visible corner of Anaheim Street and Bennett Avenue. The main commercial building fronting Anaheim Street consists of a 2,700 sq. ft. commercial space that is currently divided into two retail store fronts. The well-known, Iguana Kelley's Bar occupies both commercial spaces. Above Iguana Kelley's are two residential units, consisting of a 3 bedroom, 1 bath unit and a 2 bedroom, 1 bath unit. Behind the commercial building, fronting Bennett Avenue is a 3 car garage with a 2 bedroom, 1 bath residential above these garages. The parking lot is approximately 4,275 sq. ft., currently striped for 10 cars and has a separate APN and tax bill. This lot is included in the purchase price. Iguana Kelley's initial lease expires on May 31, 2018. The business owner has two (2), five (5) year options to extend, with increases noted in the lease agreement.SEE DOC
Price
Sold Price:
$1,450,000
Sold Date:01/20/2017
Los Angeles
5,511 (approx)
16114316
Closed
Description
OWNER WILL CARRY A FIRST FOR 20 YEARS. Charming mixed-use property located in the Historic Zaferia District of Long Beach, on the highly visible corner of Anaheim Street and Bennett Avenue. The main commercial building fronting Anaheim Street consists of a 2,700 sq. ft. commercial space that is currently divided into two retail store fronts. The well-known, Iguana Kelley's Bar occupies both commercial spaces. Above Iguana Kelley's are two residential units, consisting of a 3 bedroom, 1 bath unit and a 2 bedroom, 1 bath unit. Behind the commercial building, fronting Bennett Avenue is a 3 car garage with a 2 bedroom, 1 bath residential above these garages. The parking lot is approximately 4,275 sq. ft., currently striped for 10 cars and has a separate APN and tax bill. This lot is included in the purchase price. Iguana Kelley's initial lease expires on May 31, 2018. The business owner has two (2), five (5) year options to extend, with increases noted in the lease agreement.SEE DOC
Listing Information
Property Type: Cluster, Other
5,511 (approx) $263.11
1926
4 Total
Neighborhood
Room Information
Exterior / Lot Features
10 Parking Spaces
LBCCN
Driving Directions
DRIVE BY ONLY, DO NOT DISTURB THE TENANTS. Corner of Anaheim Street and Bennett Avenue
Financial Considerations
7241009016
,$31,325
Listing Price History

Long Beach Real Estate

Long Beach is located in California. Long Beach, California 90804 has a population of 474,140.

The median household income in Long Beach, California 90804 is $52,944. The median household income for the surrounding county is $55,870 compared to the national median of $53,482. The median age of people living in Long Beach 90804 is 34 years.

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Courtesy: Lane Aronson - Berkshire Hathaway HomeService
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