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Listed by Lianne Gallardo • Keller Williams South Bay
$ 1,250,000
Est. payment /mo
New
1844 Atlantic AVE Long Beach, CA 90806
4,890 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB25268211
Year Built 1920
Lot Size 4,890 Sqft
Source California Regional MLS
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
Laundry None
Exterior
Parking Features Off-Street Parking
Garage Spaces 2.0
Pool None
Building
Lot Description Grade - Level
Story One Story
Water District - Public
Others
Tax ID 7210016014
Special Listing Condition Not Applicable
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