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Listed by Malcolm Zeger • Buckingham Investments, Inc
$ 995,000
Est. payment /mo
Active
1844 Atlantic Avenue Long Beach, CA 90806
3,429 SqFt
UPDATED:
11/05/2024 08:03 PM
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 3,429 sqft
Price per Sqft $290
Subdivision Poly High
MLS Listing ID SB-24225878
Year Built 1920
Lot Size 4,890 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
Zoning LBPD25
Interior
Laundry None
Exterior
Parking Features Gated
Pool None
Community Features Urban
Building
Lot Description Rectangular Lot, 6-10 Units/Acre
Sewer Public Sewer
Nicole Van Parys & Gary Nesen
License Partners, Private Office Advisors | License ID: 01108944