Long Beach, CA 90813,1429 Cherry Avenue

$405,000

$450,000

10.0%
Est.Price: ?

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Est. payment /mo

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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CRMLS – RECore
Listed by Jigar Shah Century 21 Discovery jrshah@pacbell.net
Bought with Jigar Shah Century 21 Discovery
Sam Mu

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(949) 258-2228

sammuteam@gmail.com

880 Roosevelt Suite 250, Irvine, California, 92620, United States

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