5600 N Paramount Boulevard
Long Beach, CA 90805
MLS #IV16174726

Commercial
  • 4,017sq ft
Pending Sale $1,800,000
Est. P&I payment: $6874.78/mo
5600 N Paramount Boulevard, Long Beach, CA 90805
  • 5600 N Paramount Boulevard, Long Beach, CA 90805 Photo 1
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Description for 5600 N Paramount Boulevard, Long Beach, CA 90805
Rare opportunity to purchase a thriving child development center and business with a consistent customer base and a newly customized facility perfect for the motivated business owner. Seller is looking to retire and is both motivated and flexible. Willing to sell property and business as listed, but willing to sell property without the business at a negotiated price. Approximately $300K has gone into customizing and upgrading this facility to provide the highest level of care and safety for children. Most upgrades have been completed within the last 1 - 2 years. New playground equipment, children's toilets, flooring, pour and play outdoor surfacing under playground equipment, security system with cameras in all classrooms. 3 Classrooms: Classroom #1 is licensed for 20 infants/toddlers, Classroom #2 is licensed for 18 preschool age children, Classroom #3 is licensed for 23 preschool age children. Kitchen and office areas suitable for all staff. Revenue from private pay and contracts. Corner lot on major street offering great marketing potential with playground set behind the building, ideal configuration for the safety of children. Nearly $1 million gross annual earning potential given the current fee structure and licensed capacity!!!
MLS #IV16174726
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My Notes for MLS #IV16174726

General Features

  • Building Status: Existing
  • Condo Area Units: Square Feet
  • Land Use: Other,​Retail
  • Number Of Buildings: 3
  • Number Of Units Leased: 1
  • Property SubType: Specialty
  • Property Type: Commercial Sale
  • Year Built: 2002
  • Year Built Source: Assessor

Exterior Features

  • Fence YN: 1
  • Signage: Sign on Building

Interior Features

  • Building Features: Phone System

Utility Features

  • Heating YN: 1
  • Heating: Central Furnace
  • Cooling YN: 1
  • Security Features: Card/Code Access,​Fire and Smoke Detection System,​Closed Circuit TV,​Smoke Detector,​Security System,​Wired for Alarm System
  • Water Source: Public

Financial Features

  • AssetClass: Retail,​Specialty
  • Investment Property YN: 1
  • Other Income1: 968,656
  • Price Per Lot SqFt: 121.24
  • Price Per SqFt: 448.1
  • Total Expenses: 168,937

Miscellaneous Features

  • Building Area Total: 4,017
  • Building Area Units: Square Feet
  • Days On Market: 273
  • Lot Size Source: Assessor
  • Special Listing Conditions: Standard

Location

 
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Directions to 5600 N Paramount Boulevard, Long Beach, CA 90805
Cross Streets: Paramount Blvd & South Street
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P&I Payment $6874.78
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Please Note: All information in this site is deemed reliable but not guaranteed. The property information provided on EXIT Alliance Realty's websites is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Property information is gathered from third-party resources including the seller and public records. EXIT Alliance Realty, Onjax, LLC, its affiliates, owners, subsidiaries and subscribers disclaim any and all representations or warranties as to the accuracy or reliability of the information provided. You should verify all claims through personal inspection and/or contact with the appropriate real estate professionals.
Last Updated 09/21/2017 at 8:41am
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