Homes for sale - 1844 Atlantic AVE, Long Beach, CA 90806

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Max Lindenberger

max.lindenberger@engelvoelkers.com

$ 995,000

Est. payment -/mo

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1844 Atlantic AVE Long Beach, CA 90806

4,891 Sqft Lot

UPDATED:

11/05/2024 07:00 PM

Key Details

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Subdivision Poly High (Ph)

MLS Listing ID SB24225878

HOA Y/N No

Year Built 1920

Lot Size 4,891 Sqft

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.

Location

State CA

County Los Angeles

Area 9 - Poly High

Zoning LBPD25

Interior

Fireplace No

Laundry None

Exterior

Pool None

Community Features Urban

Private Pool No

Building

Lot Description 6-10 Units/Acre, Rectangular Lot

Story 1

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 7210016014

Energy Description 390.0

Acceptable Financing Cash, Owner May Carry

Listing Terms Cash, Owner May Carry

Special Listing Condition Standard

Listed by Malcolm Zeger • Buckingham Investments, Inc • 626-483-7983

Max Lindenberger

Advisor | License ID: 02073155

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