Mixed-use investment property on highly trafficked Pacific Avenue. Two buildings including retail store front and residential 4-plex with potential for upside. Front building is a ± 2,280 SQFT retail store front, ideal for an owner/user. Rear building is a two-story ± 1,600 SQFT building with 4 studio apartments and 4 surface parking spaces. All residential units are occupied and have been recently rehabbed with new floors, new wall heaters, and updated cabinets. Seller financing available. Seller is in the process of raising several of the rents. Priced to sell at 5.7% CAP on ACTUAL. 2345 Pacific Avenue recently sold at a 5% CAP on actual. Located directly across from the popular Northgate market on the well-patronized Pacific Avenue corridor of South Wrigley. Situated between W Hill Street and W 21st Street and just minutes from Downtown Long Beach.
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