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208 W Anaheim St, Long Beach, CA 90813
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208 W Anaheim St Long Beach, CA 90813

$2,200,000
  • 0 Beds
  • 20 Baths
  • 9,200 Sq.Ft.
For Sale
$2,200,000 Get Pre-Qualified
Map preview of 208 W Anaheim St, Long Beach, CA 90813

Property Overview: 208 W Anaheim St Long Beach, CA has -- bedrooms, 20 bathrooms, 9,200 living square feet and 5,003 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: MASSIVE UPSIDE with a proforma CAP of 7.44%. NOI is $223,200 and gross income is $372,000. Property has a new roof!! 15 studio rentals upstairs are vacant and need to stripped down to the studs. Five lower retail units are in average condition. Two are currently rented at $1,500/mo with month to month tenants that will vacate upon sale. All commercial units will be delivered vacant. Located a half mile East of the 710 freeway with great rental demand in the area. This would be a great Section 8 play or great for government sponsored tenants. Would also work for regular tenants as well (after reno). Great opportunity and this will NOT last

Listed by Mark Velasco | BRE #01789768 | West Shores Realty, Inc.
Last checked: 14 minutes ago | Last updated: May 3rd, 2024 | Source CRMLS | DOM: 301
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Home details

Lot Sq. Ft
5,003
HOA Dues
$0/mo
Year built
1923
Garage
--
Property Type:
Mixed Use
Status
Active
MLS#
DW23158483
City
Long Beach
County
Los Angeles
Time on Site
304 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 20
  • Total # of Buildings: 1
  • # of Leased Units: 2
Unit Breakdown 1
  • # of Units: 15
  • # of Beds: 0
  • # of Baths: 1
  • Actual Rent: $1,400
  • Total Rent: --
Unit Breakdown 2
  • # of Units: 5
  • # of Beds: 0
  • # of Baths: 1
  • Actual Rent: $2,000
  • Total Rent: --
Property Income/Expense Information
Property Income and Analysis
  • Cap Rate: 7.44%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $372,000
  • Net Operating Income: $223,200
  • Gross Operating Income: --
  • Vacancy Allowance: $37,200
  • Laundry Income: $0
  • Other Income 1: $0
Annual Expense Breakdown
  • Total Operating Expense: $111,600

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Property Details for 208 W Anaheim St

Interior Features
Laundry Information
  • Community
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Level with Street
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Total # of Units: 20
  • Parcel Number: 7272001002
  • Entry Level: 1
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: From 710 Fwy: East on Anaheim St for a half a mile
View more facts & features

Local Long Beach Agent

Sale History for 208 W Anaheim St

Last sold for $40,000 on July 2nd, 2007

  • August, 2023

  • Aug 24, 2023

    Date

    Active

    CRMLS: DW23158483

    $3,000,000

    Price

  • June, 2020

  • Jun 5, 2020

    Date

    Active

    CRMLS: RS20107866

    $2,500,000

    Price

  • Listing provided courtesy of CRMLS

  • June, 2020

  • Jun 1, 2020

    Date

    Expired

    CRMLS: RS19216414

    $2,500,000

    Price

  • Sep 10, 2019

    Date

    Active

    CRMLS: RS19216414

    $2,500,000

    Price

  • Listing provided courtesy of CRMLS

  • September, 2019

  • Sep 10, 2019

    Date

    Canceled

    CRMLS: DW19151658

    $2,500,000

    Price

  • Sep 10, 2019

    Date

    Withdrawn

    CRMLS: DW19151658

    $2,500,000

    Price

  • Jun 27, 2019

    Date

    Active

    CRMLS: DW19151658

    $2,500,000

    Price

  • Listing provided courtesy of CRMLS

    Commercial Building on a Busy corner lot. Perfect for an investor willing to rehab to the highest and best use. Occupancy at 100%. Commercial Units are currently functioning as Restaurant, Beauty Salon, Flower Shop, Zumba Dancing Studio, Church, It is a Partial Probate Listing due to one Seller being deceased. Property to be sold in AS-IS Condition.

  • February, 2019

  • Feb 20, 2019

    Date

    Canceled

    CRMLS: CV18263110

    $2,500,000

    Price

  • Oct 31, 2018

    Date

    Active

    CRMLS: CV18263110

    $2,500,000

    Price

  • Listing provided courtesy of CRMLS

    Commercial building on a busy corner lot. Perfect for investor willing to rehab to highest and best use. Occupancy at 100%.

  • July, 2007

  • Jul 2, 2007

    Date

    Sold (Public Records)

    Public Records

    $40,000

    Price

  • October, 1999

  • Oct 29, 1999

    Date

    Sold (Public Records)

    Public Records

    $245,000

    Price

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Tax History for 208 W Anaheim St

Assessed Value (2020): $468,848
Year Land Value Improved Value Assessed Value
2020 $156,843 $312,005 $468,848

Home Value Compared to the Market

This property vs the competition

208 W Anaheim St is listed 175.34% higher than the median list price for the city of Long Beach which has a median list price of $799,000. The median price per/sqft for Long Beach is $646 and this home is listed at $239.13 per/sqft which puts the price per square foot 62.98% lower than the median price per square foot for the city of Long Beach.

About 208 W Anaheim St

Detailed summary of property

208 W Anaheim St is a mixed use located in Long Beach, CA 90813 and is currently for sale. This mixed use property offers -- bedrooms, 20 bathrooms, roughly 9,200 living square feet, and sits on an approximately 5,003 square foot lot. 208 W Anaheim St was first listed on ArdentRealEstateGroup.com on August 27, 2023. The homeowner is currently asking $2,200,000 and was originally asking $3,000,000. The median priced home in Long Beach is $799,000 with a median price per square foot of $646. Based on Ardent Real Estate Group's Long Beach Market Data, this home is listed 175.34% higher than the median priced home. Local competing homes currently for sale include 13226 Rosecrans Ave, 1036 W 95th St and 8273 S San Pedro. While the average home in Long Beach, CA is selling in 53 days, 208 W Anaheim St has a days on market of 301 days. There are currently 704 homes for sale in the Long Beach real estate market and 385 of them are single family homes while 296 of them are condos and 23 are townhomes. For more information on this home for sale at 208 W Anaheim St Long Beach, CA 90813 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 208 W Anaheim St

Public county record property details
Beds
--
Baths
--
Year built
1923
Sq. Ft.
9,200
Lot Size
5,003
Stories
1
Type
Commercial/Office/Residential (Mixed Use)
Pool
No
Spa
No
County
Los Angeles
Lot#
2
APN
7272-001-002

The source for these homes facts are from public records.

90813 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$560,000
Median List Price/Sq.Ft.
$560
Median Sold Price
$450,000
Median Sold Price/Sq.Ft.
$576
Total Inventory
35
Median Sale to List Price %
90.82%
Avg Days on Market
62
Loan Type
Conventional (50%), FHA (10%), VA (0%), Cash (10%), Other (30%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.

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