5656-5660 Paramount Blvd
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5656-5660 Paramount Blvd
3,435 SF 100% Leased Retail Building Long Beach, CA 90805 £651,758 (£190/SF) 5.67% Net Initial Yield
Investment Highlights
- High Traffic Thoroughfare
- Value-Add Opportunity (Below Market Leases)
Executive Summary
Elifant Group is proud to present an exceptional investment opportunity in North Long Beach: a versatile retail building at 5656 Paramount Blvd. S ituated in a vibrant and growing area, 5656 Paramount Blvd is surrounded by diverse businesses and residential communities, ensuring a steady flow of potential customers. This property is a value-add dream for savvy investors, offering significant potential for growth and return on investment.
Key Features:
Total Area: Approximately 3,904 square feet
Units: Three units with below-market rental rates
Location: Strategically positioned just below the bustling intersection of South St and Paramount Blvd
Traffic: High visibility with over 24,000 cars passing by daily
Property Highlights:
Value-Add Potential: With current rental rates below market value, there is ample opportunity to increase income and maximize your investment.
High Traffic Location: Benefit from the heavy daily traffic flow, enhancing the visibility and attractiveness of this retail space to potential tenants and customers.
Versatile Units: The three separate units provide flexibility for various retail or commercial uses, appealing to a wide range of businesses.
Key Features:
Total Area: Approximately 3,904 square feet
Units: Three units with below-market rental rates
Location: Strategically positioned just below the bustling intersection of South St and Paramount Blvd
Traffic: High visibility with over 24,000 cars passing by daily
Property Highlights:
Value-Add Potential: With current rental rates below market value, there is ample opportunity to increase income and maximize your investment.
High Traffic Location: Benefit from the heavy daily traffic flow, enhancing the visibility and attractiveness of this retail space to potential tenants and customers.
Versatile Units: The three separate units provide flexibility for various retail or commercial uses, appealing to a wide range of businesses.
Data Room Click Here to Access
- Operating and Financials
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,435 SF
Building Class
C
Year Built
1957
Price
£651,758
Price Per SF
£190
Net Initial Yield
5.67%
NOI
£36,933
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.66
Land Acres
0.12 AC
Opportunity Zone
Yes
Zoning
CH, Long Beach - Commercial
Parking
4 Spaces (1.16 Spaces per 1,000 SF Leased)
Frontage
129 ft on Paramount Bl.
Amenities
- Bus Route
Walk Score ®
Very Walkable (72)
Bike Score ®
Very Bikeable (70)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 7157-009-001 | Improvements Assessment | £372,340 |
| Land Assessment | £209,440 | Total Assessment | £581,780 |
PROPERTY TAXES
Parcel Number
7157-009-001
Land Assessment
£209,440
Improvements Assessment
£372,340
Total Assessment
£581,780
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Joseph Lee -
Elifant Group
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5656-5660 Paramount Blvd
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