1844 Atlantic Avenue

Long Beach, CA 90806

$995,000

List Price

N/A

bed Beds

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shower Baths

N/A sqft

straighten / sqft

1920

calendar_month Built

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. 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

List Price $995,000
Status Active
MLS SB24225878
Type Residential Income
Subtype Mixed Use
Year Built 1920
Lot Size 4,890
Structure Size N/A
Courtesy Of Buckingham Investments, Inc
Listing Agent Malcolm Zeger DRE#02013882

Interior Features

Laundry Information
Location(s) None
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A

Exterior Information

Maps

Listing information courtesy of: Malcolm Zeger, Buckingham Investments, Inc . *Based on information from the Association of REALTORS/Multiple Listing as of Nov 1st, 2024 at 9:03 PM 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.