1844 Atlantic Avenue, Long Beach, CA 90806
-
Listed Price :
$995,000
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Beds :
N/A
-
Baths :
N/A
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Property Size :
N/A sqft
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Year Built :
1920
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.
Interior Features
| Laundry Information |
| Location(s) |
None |
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
Listing Information
| Address |
1844 Atlantic Avenue |
| City |
Long Beach |
| State |
CA |
| Zip |
90806 |
| County |
Los Angeles |
| Listing Agent |
Malcolm Zeger DRE #02013882 |
| Courtesy Of |
Buckingham Investments, Inc |
| List Price |
$995,000 |
| Status |
Active |
| Type |
Residential Income |
| Subtype |
Mixed Use |
| Structure Size |
N/A |
| Lot Size |
4,890 |
| Year Built |
1920 |
Listing information courtesy of: Malcolm Zeger, Buckingham Investments, Inc. *Based on information from the Association of REALTORS/Multiple Listing as of Nov 5th, 2024 at 7:00 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
