The subject property is located a nice area of West Long Beach, California. The property is a two story mixed-use complex containing commercial and residential units built in 1962. The commercial unit mix consists of four retail spaces on the first floor. The liquor store occupies two of the retail spaces and the liquor business can be purchased with the real estate. The residential units are on the second floor and consist of one two-bedroom/one-bath unit and three one bedroom/ one-bath units. Each apartment has a spacious outdoor patio. There are laundry hook-ups on the second floor as well.
This subject property is an excellent opportunity for an investor to purchase a value add property in a great rental market. There is also an opportunity for an owner-user to purchase the building and occupy the retail space while collecting rental income on the apartments.