3116-3128 N Los Coyotes Diagonal 7,744 SF 100% Leased Retail Building Long Beach, CA 90808 $3,615,433 CAD ($466.87 CAD/SF) 10.01% Cap Rate

The property is located right off the I-405 freeway at Woodruff Ave and Los Coyotes Diagonal in Long Beach. The project has four (4) upstairs apartment units comprised of three (3) one bedroom, one bath units and one (1) two bedroom, two bath unit. Three of the four units have been recently remodeled. The downstairs is all retail comprised of a liquor store and fully-licensed cannabis dispensary retail store. All of the apartment units are on month to month tenancies, providing a new owner the ability to increase the below market rents to market levels. The downstairs retail tenants both have long-term ten (10) year leases with annual percentage rent increases and excellent rent paying histories.