Flex (Industrial / Retail / Residential) FOR SALE


Long Beach, CA - Bixby Knolls
$1,195,000 USD
310-893-3397
, Long Beach, CA for Sale
$1,195,000 USD
FOR SALE
1/7
null | 7.25% Cap Rate

Flex (Industrial / Retail / Residential)
Long Beach, CA
Bixby Knolls


HIGHLIGHTS

  • Owner/User Opportunity
  • Tenant's Are Month-to-Month
  • Industrial / Retail / Residential
  • IL (Light Industrial) & IG (General Industrial) Zoning
  • Just off a signalized intersection boasting +/- 55,544 Vehicles Per Day
  • 262,304 People in a 3-mile radius

OVERVIEW

This flex/mixed-use property in North Long Beach, listed at $1,195,000, features two distinct buildings totaling 6,071 SF. The property includes 5678 Cherry, a 1,000 SF industrial warehouse/workshop, and 5708 Cherry, a 5,071 SF mixed-use building that combines retail and residential spaces. Located at the busy intersection of Cherry Ave and South St, with over 55,000 vehicles per day, the property offers high visibility and accessibility. It is ideal for both investors and owner-users, offering versatile spaces for operations and rental income, plus 8 dedicated parking spaces. The property has value-add potential with vacant units and below-market rents, projected to generate $132,900 in pro forma gross potential income, and offering a cap rate of 7.25%. Owner-users can occupy part or all of the space for business purposes while benefiting from multiple revenue streams. Positioned in a high-demand market with ongoing growth, this is a solid investment in the thriving Long Beach area.

ASK ABOUT THIS PROPERTY

Ryan SharpeKidder MathewsMore Info
310-893-3397

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Ryan SharpeKidder MathewsMore Info
310-893-3397

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