4148-4152 Norse Way - Storefront Retail/Office FOR SALE


Long Beach, CA 90808
$2,220,000 USD
562-355-8060
4148-4152 Norse Way, Long Beach, CA for Sale
$2,220,000 USD
Storefront Retail/Office - FOR SALE
1/16
null | 5.69% Cap Rate

4148-4152 Norse Way
Long Beach, CA 90808


HIGHLIGHTS

  • 2 Unique Parcels
  • Fully Occupied for Immediate Cash Flow
  • 5.7% Cap Rate
  • High Traffic Visibility
  • Private Parking at Rear
  • Lakewood Village Neighborhood

OVERVIEW

This exceptional investment opportunity presents two well-maintained retail buildings strategically positioned in the Lakewood Village neighborhood off of the bustling Lakewood Boulevard in Long Beach, California. Offered at $2.22 million, these properties generate a combined Net Operating Income (NOI) of $126,345.98, demonstrating a strong and reliable income stream. The first property, situated at 4148 Norse Way, encompasses 4,841 square feet of leasable space on a 5,856 square foot lot. The second property, located at 4411 E Village Road, provides 1,380 square feet of retail space on a 5,860 square foot lot. Both buildings are currently 100% occupied by established tenants with proven track records, ensuring immediate and consistent cash flow for the new owner. Beyond the immediate returns, this offering boasts significant potential for future growth. The combined 11,716 square feet of land presents an enticing opportunity for future development or expansion, allowing investors to capitalize on the prime location and increasing property values in the Lakewood Village area. Situated in a high-traffic corridor with excellent visibility and accessibility, these properties attract a steady flow of customers and offer convenient access to major thoroughfares. This offering represents a compelling investment opportunity with strong cash flow, long-term stability, and the potential to significantly enhance value over time. Both buildings are being offered as one sale and must transfer together.

FOR SALE DETAILS

PRICE

$2,220,000 USD

PRICE/SF

$459 USD /SF

CAP RATE

5.69%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1938

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,546 SF

ZONING

LBCCP

APN/PARCEL ID

7182-021-001,7182-021-029

ASK ABOUT THIS PROPERTY

Julio BonillaKw Commercial-Long BeachMore Info
562-355-8060

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Julio BonillaKw Commercial-Long BeachMore Info
562-355-8060

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.