REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 995,000
Est. payment /mo
Active
1844 Atlantic Avenue Long Beach, CA 90806
3,429 SqFt
UPDATED:
11/05/2024 08:41 PM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 3,429 sqft
Price per Sqft $290
MLS Listing ID CRSB24225878
HOA Y/N No
Year Built 1920
Lot Size 4,890 Sqft
Acres 0.11
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 Listing
Zoning LBPD
Interior
Fireplace No
Laundry No Hookups
Building
Lot Description Other
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 7210016014
© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Malcolm Zeger • Buckingham Investments, Inc