Annual rate return on investment will be 6%. A suite of two-room apartment with the construction area of 1,300 sqft priced $ 650,000; the commercial stores on the 1st floor measures 32,000 sqft only priced $ 7,000,000, including 5 commercial stores of 10,000 sqft and 40 indoor commercial parking spaces of 22,000.
Location: The project is located at the intersection of Long Beach BLVD and the 16th street, where is the most central part of Long Beach City and only takes five minutes' drive to long beach harbour pier and yacht harbor for the wealthy. Address of the project: 1598 Long Beach Blvd, Long Beach, CA 90813, United States.
Traffic Environment: The Project is located in Long Beach BLVD, which is the widest road in the heart of the city. There are power trains on the road, which goes to downtown and LAX, the largest international airport of Los Angeles directly, and it is 500 meters away from the first highway in the united states(1#) - the Pacific Coast Highway and 10 minutes’ drive from the airport of Long Beach City.
Business Environment: There are retail stores, restaurants, etc on Long Beach BLVD, where the project is located. The project is 1.2 miles away from the luxury hotels and international office building on commercial street and OCEAN BLVD, the largest commercial shopping center of Long Beach City like Wal-Mart supermarket is in the third street to 6th street of Long Beach BLVD,which takes 2-3 minutes’ drive away from the project.
Education Environment: Long Beach City is the second largest city in Los Angeles county, as a matter of course , it is also the second largest industrial center of education except for the City of Los Angeles. There is California State University, Long Beach in Long Beach City, and Long Beach Polytechnic High School in 16th street, which is within 400 meters from the project, and has more than 6000 students, recruiting international students at the same time.
Education in Long Beach City is relatively developed, in which 60% of the adults have accepted advanced education. There are Joint teaching area, California State University, Long Beach and Long Beach University, having enrolled 120,000 students in 1981. In addition, there are more than 30 private primary and secondary schools and technical schools, having more than 60,000 students in total.
Price execution time from February 1, 2020 to August 31, 2020
101# 1845.4sq.ft $1,291,780.00 USD Annual rental income: $ 77,400 USD （Fixed rent）
102# 1527.0sq.ft $1,068,900.00 USD Annual rental income: $ 64,800 USD （Fixed rent）
103# 2253.8sq.ft $1,577,660.00 USD Annual rental income: $ 94,200 USD （Fixed rent）
104# 2065.1sq.ft $1,445,570.00 USD Annual rental income: $ 86,400 USD （Fixed rent）
105# 2308.7sq.ft $1,616,090.00 USD Annual rental income: $ 96,600 USD （Fixed rent）
Price list after September 1, 2020
101# 1845.4sq.ft $1,845,400.00 USD
102# 1527.0sq.ft $1,527,000.00 USD
103# 2253.8sq.ft $2,253,800.00 USD
104# 2065.1sq.ft $2,065,100.00 USD
105# 2308.7sq.ft $2,308,700.00 USD
The annual rental yield is 6%, and the monthly rental yield is paid.
Payment time, the first payment must be paid to the developer account after signing the contract, The developer immediately pays the investment income after receiving the down payment.
For example: the purchase amount is 1 million US dollars, and the annual guaranteed rent is 60,000 US dollars. Pay $ 5,000 per month.
After the buyer signs the contract, he can pay 30% of the down payment or one-time payment. The purchase price must be directly remitted to the developer account. At present, the first-floor business is an existing house that can be renovated, not an off-plan property. Tenants can renovate right away. The real estate certificate transaction time is August 2020.
The buyer who chooses the developer to guarantee the lease must entrust the developer with the leasehold right on the first floor for 10 years.
The property management costs of chartered commercial houses will be borne by the developer, and the buyer (owner) does not need to bear the property management costs during the lease period.
This sales method and price are directly determined by the developer, and the developer reserves the right to change or cancel the above chartered sales method at any time, so please hope that the developer guarantees that the chartered investor can sign the contract and pay.
The lease price of Long Beach Blvd restaurant and retail industry refer to the website: click here
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