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$ 1,250,000
Est. payment /mo
New
1844 Atlantic AVE Long Beach, CA 90806
UPDATED:
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Poly High (Ph)
MLS Listing ID SB25268211
HOA Y/N No
Year Built 1920
Property Sub-Type Mixed Use
Property Description
Presenting a remarkable opportunity to acquire a robust commercial/residential mixed-use property situated in a highly desirable 1844 Atlantic Ave in Long BEach. This meticulously configured asset comprises six total units: three income-generating street-level commercial storefronts and three back-end residential units. Offering immediate stability and strong returns, the property currently boasts an impressive 11.44 Gross Rent Multiplier (GRM) and an attractive 8.4% Capitalization Rate (Cap Rate). With five out of six units tenant occupied, the diversified income stream provides opportunity for maximum upside potential, or opportunity to live/rent. Don't miss out on this incredible investment opportunity. Contact the listing agent today to request the full financial package and schedule a private showing; do not disturb the current tenants.
Location
State CA
County Los Angeles
Area 9 - Poly High
Interior
Fireplace No
Laundry None
Exterior
Parking Features On Street
Pool None
Community Features Sidewalks
Total Parking Spaces 2
Private Pool No
Building
Lot Description No Landscaping, Street Level
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 7210016014
Acceptable Financing Cash, Cash to Existing Loan
Listing Terms Cash, Cash to Existing Loan
Special Listing Condition Standard
Lease Land No
Listed by Lianne Gallardo Keller Williams South Bay 310-918-0020