Incredible mixed use building that is cash flowing at a current

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Home For Sale

1844 Atlantic Avenue

Long Beach, California 90806

Los Angeles County

Community: Poly High (PH)

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$995,000 8 br, 5.0 bath 3429 sq. ft. 0.112 acres

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. 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:
  • Bedrooms: 8
  • Baths: 5.0
  • Sq Ft: 3429
  • Year Built: 1920
  • Utilities: 
  • Fireplaces: 
  • Stories: 1
  • Heat/AC: 
  • Garage: 
Exterior:
  • Lot Size: 0.112 acre
  • Lot Dimensions: 
  • View Types: 
  • Yard: 
  • Siding: 
  • Roof: 
  • MLS #: SB24225878
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Contact Information:
Beach Home For Sale in Long Beach, California
Listing Agent: Malcolm Zeger, Buckingham Investments, Inc., 626-483-7983, 310-982-7055 Listing Site, Listing Status: Active
Copyright © 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ad Number: 5519553
Viewed 18 times.
Updated: Dec 04, 2024

This property is a Home located at 1844 Atlantic Avenue, Long Beach, California 90806, and is currently For Sale at $995,000. This Home has 8 bedrooms, 5.0 baths, 3429 sq ft.