1229 Roswell Ave Long Beach, CA 90804-4216

This exceptional mixed-use property in Long Beach, CA, presents a compelling investment opportunity. Located at 1229 Roswell Ave & 4136-4138 E Anaheim St, this 3,835 square foot building sits on a 3,835 square foot lot (APN 7254006033) and features a diverse mix of five units: two street-level retail spaces and three residential units (one 1-bedroom, 1-bathroom, and two studios). The property boasts a current NOI of $37,053 and a pro-forma NOI of $88,695, reflecting a 3.80% cap rate and a pro-forma cap rate of 9.10%, respectively. The asking price is $975,000, translating to $254.24 per square foot and $195,000 per unit. Built in 1940, the two-story building is zoned LBCCN. Two of the residential units are currently vacant, offering immediate value-add potential through upgrades and market rent adjustments. The remaining studio is month-to-month, and both retail units will transition to month-to-month leases starting September 1st. This prime location near a local hospital and Long Beach State University ensures high visibility and strong rental demand. The property's high-visibility retail spaces at the front of the building are ideal for attracting foot traffic and boosting business. This is a rare opportunity to acquire a versatile mixed-use building in a desirable Long Beach neighborhood.