1844 Atlantic Avenue
Long Beach, CA 90806
0.11 acres | #SB24225878
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.
Property Details
- Lot DescriptionSixToTenUnitsAcre, RectangularLot
- SubdivisionPoly High (PH)
- Property TypeMulti-Family
- Sewer InformationPublicSewer
- CountyLos Angeles
- MLS #SB24225878
- MLS #SB24225878
- Original List Price$995,000
- Property SubtypeMixedUse
- Acres0.1123
- Utility SourcePublic
- Cost995000
- Year Built1920
- Stories1
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Malcolm Zeger (#sbzegemal)
Listing Office: Buckingham Investments, Inc (#SB1301700)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
