Long Beach CA  home offered at $975,000 

Call Lisa DiNoto Group at (909)921-2544 to see this home.

 

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2650 Elm Avenue 108
Long Beach, California CA 90806
Sold For: $917,000
Listing ID: PV20192367
Price/SqFt: $266.57
Status: Closed
Sold Date: 8/12/2021
SqFt: 3,440 Sq Ft
Year Built: 1982

This is a Rare Opportunity to own a medical condominium consisting of 6 units totaling 3,440 sq ft in the Elm Avenue Medical Plaza, adjacent to the Long Beach Memorial Medical Center & Miller Children's and Women's Hospital. Subject property is currently operated as an ophthalmologist and optometrist eye care center. It is pleasantly improved with a sizable patient waiting area, an eyewear fitting showroom as well as a large open reception space with 6 work stations. On the ophthalmologist side are 6 exam rooms with work counter & sink and 2 eye testing rooms. On the optometrist side are 1 refraction exam room & 2 technician rooms. In addition, the suite is outfitted with 3 offices, filing & storage areas and a staff break-room service counter. While there are a handicap restroom and a private bathroom with a shower, visitors can use the 2 public restrooms in the common area close to the suite. The medical suite has multiple doors to allow flexible access. 3 assigned parking spaces are dedicated to the unit besides a parking lot with ample parking spaces. Elm Avenue Medical Plaza is a well established guard gated medical complex consisting of 3 buildings totaling 38,267 sq ft. It is centrally located within a medical corridor along Long Beach Blvd. Its most notable buildings are the hospitals that have served the large population in the community for decades.

Primary Features

County: Los Angeles
Price/SqFt: 266.57
Property Sub Type: Office
Property Type: Commercial Sale
Year Built: 1982

Interior

Building Area Units: Square Feet
Building Features: Elevators
Condo Area: 3440
Condo Area Units: Square Feet
Cooling Type: Central Air
Cooling: yes
Heating: yes
Heating Type: Central
Largest Contigious Square Footage: 3440
Laundry Features: None
Office Square Footage: 3440
Total Building NRA: 24678

External

Entry Level: 1
Lot Size Source: Assessor
Minimum Total Area Units: Square Feet
Number Of Buildings: 3
Water Source: Public

Location

Country: US
MLS Area Major: 5 - Wrigley Area

Additional

Additional Parcels: no
Asset Class: Office
Building Name: Elm Avenue Medical Plaza
Building Status: Existing
Current Use Comments: Currently used as an opthamology & eyecare office
Days On Market: 16
Land Use: Office
List Agent State License: 01035410
List Office State License: 01385864
Max Total Area Units: Square Feet
Number Of Units Total: 6
Parcel Number: 7207011059
Utilities: Electricity Connected, Phone Connected, Sewer Connected, Water Connected
Year Built Source: Assessor

Financial

Accounting Type: ProForma
Cap Rate: 5.25
Expense Year: 2020
Gross Scheduled Income: 88752
Insurance Expense: 4000
Net Operating Income: 51214
Operating Expense: 37538
Other Expense: 20180
Real Estate Tax Expense: 13358
Special Listing Conditions: Standard
Tax Rate: 1.37
Total Expenses: 37538

Zoning Info


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Listed by: AmyHaw, DRE #01035410 from Keller Williams Palos Verdes 310-544-6100

Contact - Listing ID PV20192367

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Lisa DiNoto

9483 Haven Ave #100
Rancho Cucamonga, CA 91730
Phone: 9099212544

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