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2545 E Broadway, Long Beach, CA 90803
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2545 E Broadway Long Beach, CA 90803

$3,200,000
  • 12 Beds
  • 7 Baths
  • 10,401 Sq.Ft.
For Sale
$3,200,000 Get Pre-Qualified
Map preview of 2545 E Broadway, Long Beach, CA 90803

Property Overview: 2545 E Broadway Long Beach, CA has 12 bedrooms, 7 bathrooms, 10,401 living square feet and 9,448 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: We are offering the opportunity to acquire The Broadway Retail and Apartments, a 10 unit mixed use building located in the Bluff Park area of Long Beach, CA. The property offers (3) commercial storefront units, (2) 1 bedroom units, and (5) two bedroom units, producing excellent income. Community amenities include on-site laundry as well as a spacious central courtyard for tenants to enjoy. The buildings have been very well maintained showing clear pride of ownership. There is untapped potential for additional income and ADU's with the property footprint containing ample storage and garage parking in the rear. The Broadway Retail and Apartments provides an investor the opportunity to acquire an income producing asset in a prime location in Long Beach. Opportunity to own a premium corner lot in a great Bluff Park location of Long Beach. This mixed-use property has retail units on Broadway, a main corridor, along with apartments on top of the retail and behind. The property also has a rear courtyard and garages, providing advantages that many similarly located properties do not have. Property Address also commonly referred to as 221-235 Wisconsin Ave.

Listed by Christopher Pettit | BRE #01983950 | Skyline Commercial Real Estate
Co-listed by Christopher Walker | BRE #01905338 | Triqor Group
Last checked: 4 minutes ago | Last updated: September 18th, 2024 | Source CRMLS | DOM: 4

Home details

Lot Sq. Ft
9,448
HOA Dues
$0/mo
Year built
1946
Garage
4 Car
Property Type:
Mixed Use
Status
Active
MLS#
OC24184921
City
Long Beach
County
Los Angeles
Time on Site
13 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 10
  • Total # of Buildings: 3
  • # of Leased Units: 10
  • # of Electric Meters: 10
  • # of Gas Meters: 10
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 5
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,048
  • Total Rent: $10,240
  • Pro Forma/Market Rent: $12,000
Unit Breakdown 2
  • # of Units: 3
  • # of Beds: 0
  • # of Baths: 0
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,426
  • Total Rent: $4,278
  • Pro Forma/Market Rent: $8,700
Unit Breakdown 3
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,623
  • Total Rent: $3,246
  • Pro Forma/Market Rent: $4,350
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $224,791
  • Net Operating Income: $143,186
  • Gross Operating Income: $2,180,467
  • Garage Rental Income: $3,300
  • Laundry Income: $764
  • Other Income 1: $7,559
  • Other Income Description: Oil & Mineral Rights
Annual Expense Breakdown
  • Total Operating Expense: $74,862
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $9,361
  • Professional Management: $9,812
  • Water/Sewer: $3,644

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Property Details for 2545 E Broadway

Interior Features
Laundry Information
  • Has Laundry
  • Community
Kitchen Information
  • Has Appliances
  • Gas Oven, Gas Range
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Garage
Lot Information
  • Lot Features: Corner Lot
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 10
  • Parcel Number: 7263016014
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Belmont Heights (BH)
  • Directions: Corner of Broadway and Wisconsin
Neighborhood Information
  • Community Features: Biking, Sidewalks
View more facts & features

Local Long Beach Agent

Sale History for 2545 E Broadway

View property's historical transactions

  • September, 2024

  • Sep 5, 2024

    Date

    Active

    CRMLS: OC24184921

    $3,200,000

    Price

Tax History for 2545 E Broadway

Assessed Value (2020): $633,026
Year Land Value Improved Value Assessed Value
2020 $248,829 $384,197 $633,026

Home Value Compared to the Market

This property vs the competition

2545 E Broadway is listed 310.26% higher than the median list price for the city of Long Beach which has a median list price of $780,000. The median price per/sqft for Long Beach is $646 and this home is listed at $307.66 per/sqft which puts the price per square foot 52.37% lower than the median price per square foot for the city of Long Beach.

About 2545 E Broadway

Detailed summary of property

2545 E Broadway is a mixed use located in Long Beach, CA 90803 and is currently for sale. This mixed use property offers 12 bedrooms, 7 bathrooms, roughly 10,401 living square feet, and sits on an approximately 9,448 square foot lot. 2545 E Broadway was first listed on ArdentRealEstateGroup.com on September 6, 2024. The homeowner is currently asking $3,200,000. The median priced home in Long Beach is $780,000 with a median price per square foot of $646. Based on Ardent Real Estate Group's Long Beach Market Data, this home is listed 310.26% higher than the median priced home. Local competing homes currently for sale include 11506 Obert Ave, 2214 Hooper Ave and 312 N Mathews St. While the average home in Long Beach, CA is selling in 62 days, 2545 E Broadway has a days on market of 4 days. There are currently 778 homes for sale in the Long Beach real estate market and 416 of them are single family homes while 337 of them are condos and 23 are townhomes. For more information on this home for sale at 2545 E Broadway Long Beach, CA 90803 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 2545 E Broadway

Public county record property details
Beds
8
Baths
4
Year built
1946
Sq. Ft.
10,401
Lot Size
9,446
Stories
1
Type
Commercial/Office/Residential (Mixed Use)
Pool
No
Spa
No
County
Los Angeles
Lot#
12,13
APN
7263-016-014

The source for these homes facts are from public records.

90803 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,595,000
Median List Price/Sq.Ft.
$824
Median Sold Price
$1,000,000
Median Sold Price/Sq.Ft.
$755
Total Inventory
128
Median Sale to List Price %
100.2%
Avg Days on Market
29
Loan Type
Conventional (29.63%), FHA (0%), VA (3.7%), Cash (37.04%), Other (29.63%)

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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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