$405,000
$450,000
10.0%For more information regarding the value of a property, please contact us for a free consultation.
1429 Cherry Avenue Long Beach, CA 90813
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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Bought with Jigar Shah • Century 21 Discovery
The Wilkas Group - Lenore & Alexander Wilkas
Real Estate Advisors | License ID: 01343201 & 01355442