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120 East Third Street
Long Beach, CA 90802
Asking Price
$1.75M
Asset Type
Creative Office Office
Class
Class B
What's Special
Jewel Box in Downtown Long Beach <ul><li>Fully renovated 2018 — taken down to the studs with new mechanical, electrical, plumbing, and seismic upgrades</li><li>Distinctive 1914 character — exposed brick, original masonry, soaring storefront windows, sealed concrete floors</li><li>Two-story floor plan with eighteen demised offices, conference rooms, kitchenette, and two restrooms</li><li>Walk Score 98 · Transit Score 86 — among the most walkable blocks in all of Downtown Long Beach</li><li>PD-30 zoning, Legal/Conforming — p
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NOI
$80,000
Cap Rate
4.57%
DSCR
0.77
Underwater
Cash-on-Cash
-4.55%
Monthly Payment
$8,658.045
Annual Cash Flow
$-23,896.542
