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$ 2,900,000
Est. payment /mo
New
5321 Long Beach Blvd Long Beach, CA 90805
0.46 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW26242743
HOA Y/N No
Year Built 1948
Lot Size 0.459 Acres
Property Sub-Type Business
Property Description
***COMMERCIAL INVESTMENT OPPORTUNITY | TWO PROPERTIES | CORNER LOT*** An exceptional commercial investment opportunity featuring two income-producing properties on a prominent corner lot. The interior offers two established commercial spaces, including a Pho restaurant and an event banquet venue. The restaurant features an expansive dining area with multiple seating arrangements, built-in booth seating, decorative tile flooring, ceiling fans, recessed lighting, and an extended service counter with bar seating. The layout provides ample room for dining operations and customer service. The second space is configured as an event banquet venue, offering additional commercial use and income potential. Both properties offer convenient street frontage, dedicated parking areas, and visibility along a major thoroughfare. Situated on a combined 19,994 sq. ft. lot, the two parcels provide a total leasable building area of approximately 8,640 sq. ft. across two separate APNs (7132011029 and 7132011030). Currently 100% tenant-occupied, the properties generate a combined annual rental income of $209,400. The Pho restaurant occupies approximately 5,390 sq. ft. and pays $11,270 per month, producing $135,240 annually. The event banquet venue occupies approximately 3,250 sq. ft. and pays $6,180 per month, producing $74,160 annually. Both leases include contractual annual rent increases of 3%.Seller-reported annual expenses include approximately $43,000 in property taxes and $20,400 in property insurance. This established income-producing asset offers investors an opportunity to acquire two commercial properties with existing tenants, established rental income, and scheduled annual rent increases.
Location
State CA
County Los Angeles
Area 7 - North Long Beach
Interior
Fireplace No
Laundry None
Exterior
Present Use Commercial
Building
Lot Description Level, Paved
Story 1
Water Public
Others
Tax ID 7132011029
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Lease Land No
Listed by Thu Van Nguyen EstateX Inc 657-273-0309, DRE #02082990
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