Outstanding opportunity to own a neighborhood mixed use property on Retro Row (4th St.). This up and coming North Alamitos Beach area has many retro shops and restaurants. It is close to the redeveloped downtown Long Beach, area beaches and over 100 miles of bike trails. There is also a local bike sharing program sponsored by the city.
The property consists of three residential units and one commercial tenant. The residential units have two security gates to the center courtyard in the front side and back The residential units consist of a 1 bedroom + 1 bath house with good size private yard and patio, a two storey 2 bedroom + 1 bath house with an attached studio with 3/4 bath apartment. The studio could potentially be combined with the house for a 3 bedroom + 1 3/4 bath house. The studio is good size with a bedroom area and outer room with mini kitchenette with sink, cabinets and counter top - no stove or overn but room for microwave, toaster over and coffee maker. Both houses have had some updating with newer windows, some laminate and tile flooring, faux granite counter tops, and hardwood kitchen cabinets. Buyer to verity extent of updates. There is no rent control in Long Beach and the residential units are rented at below market rents.
The commercial building is occupied by Jerry's Breakfast Place. This popular neighborhood spot features American/Mexican style breakfast and lunch. There is an outdoor rear patio and front street seating as well. It is open seven days a week.
