4140 N Business St, Long Beach, CA 90807

Property Description

This property consists of a front commercial building which is a hair salon and a barbershop with total combined income of $1350. (2 tenants) Behind the commercial building are 2 units: 1 bedroom 1 bath each with total rents of $980. There is a breezeway between the 2 buildings. Total rents for the commercial spaces and the 2 units behind is $2330 per month. The lot runs 31 feet wide and 99 feet long. Units are original and will require some work. Rents are low. Behind 4140 Business is 4145 Elm which is three 1 bedroom units also for sale and same owner. It is listed for $425,000 and can be purchased together with Business or separately. The square footage shown is for the commercial building only. Square footage for the 2 units is not known at this time. The commercial building, the 2 units and the 3 units on Elm are sold in present condition without any repairs of any kind. Owner pays water and gas for the Business St. property of approximately $200 per month. Tenants for 4140 Business St. use the lot at 4145 Elm Ave. for parking. No garages or off street parking for 4140 Business St. This property and Elm Ave. have been owned by the same family since they were built. Great opportunity with big potential in Bixby Knolls.