1844 Atlantic Avenue
Long Beach, CA 90806
Active for $995,000
Beds: N/A Baths: N/A Structure Size: N/A sqft Lot Size: 4,890 sqft
| MLS | SB24225878 |
| Year Built | 1920 |
| Property Type | Mixed Use |
| County | Los Angeles |
| Status | Active |
| Active | $995,000 |
| Structure Size | N/A sqft |
| Lot Size | 4,890 sqft |
| Beds | N/A |
| Baths | N/A |
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.
Listing information courtesy of: Malcolm Zeger, Buckingham Investments, Inc . *Based on information from the Association of REALTORS/Multiple Listing as of 11/14/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Location
Contact a Local Realtor®
Lena Salameh
REALTOR®
Direct: 818.219.8287
Email: Email Me
DRE: 01855761
DRE #01873088
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