Long Beach, CA 90813,1429 Cherry Avenue

$405,000

Est. payment /mo

$450,000

10.0%
Est.Price: ?

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1429 Cherry Avenue Long Beach, CA 90813

SOLD DATE : 08/20/2024

Key Details

Sold Price $405,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID PW23155888

Sold Date 08/20/24

HOA Y/N No

Property Description

This is one of the very profitable business in operation for over 40 years and about 5 years with current owners. Property is about 3,800 square feet on about 8,000 sq.ft of lot offering lot of parking for customers. Landlord will provide 5 years of new lease plus some options depending up on circumstances. The business revenues comes as : 50% from Meat section and remaining 50% Beer/Wine and Groceries. Business operates from 9 am to 8 PM Mon-Sun. It also has additional income of about $ 190,000 plus per year.

Location

State CA

County Los Angeles

Area 8 - Signal Hill

Interior

Fireplace No

Others

Financing Cash to New Loan

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California Regional MLS (CRMLS)
Listed by Jigar Shah • Century 21 Discovery • jrshah@pacbell.net
Bought with Jigar Shah • Century 21 Discovery

The Wilkas Group - Lenore & Alexander Wilkas

Real Estate Advisors | License ID: 01343201 & 01355442

+1(760) 407-2100

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