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$995,000
8 bed
5 bath
0 Sqft
4,890 Sqft lot

1844 Atlantic Avenue, Long Beach, California 90806

  • Residential Income Property Type
  • 22 Days Time on market
  • 1920 Year Built
Property Description

Incredible mixed use building that is cash flowing at a current GRM of 9.6 and cap rate of 7.5%. Seller carry financing may be available with 50%+ down. Three retail units in front, residential in the back. Tons of upside potential for all of the retail units, or an excellent opportunity for a owner-user purchase. Tenants are paying on-time and consistently. Prime retail location on Atlantic Ave with 30,000+ vehicles passing each day. Recently updated garage roof, painting, and plumbing. This low expense building is a cash cow and a great opportunity for a savvy investor.

Basic Details
Residential Income
Buy
SB24225878
$995,000
8
5
0 Sqft
1920
4,890 Sqft
Active
Mixed Use
Condos/Co-ops
Features
: Urban
0
$0
: Public Sewer
Address
CA
Los Angeles
Long Beach
90806
1844 Atlantic Avenue
1844
Avenue
0
W119° 48' 55.1''
N33° 47' 26.5''
Additional Information
22
1
1
0
3,429 Sqft
1
0 Sqft
0 Sqft
0.11 Sqft
4,890 Sqft
1
: End Unit
0 Sqft
LBPD25
7210016014
$0
$0
$0
$1,200
$5,917
$390
0 Sqft
1
0 Sqft
$0
1
01/11/2024 13:43:22
$0
: Standard
Cash,Owner May Carry
On East side of street, to your right while traveling northbound on Atlantic.
Buckingham Investments, Inc
Malcolm Zeger
SB1301700
sbzegemal
$0
7.5
4
1
: Rectangular Lot, Acreage
1
Poly High (PH)
1
: Square Feet
: Community Apartment
yes
3
3
3
1
7
A
1
0
US-06037-N-7210016014-R-N
MixedUse
01/11/2024 21:04:43
Atlantic
9 - Poly High
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