1844 Atlantic Avenue
$995,000
8
5
3,429
3,429
$290
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...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.
- Listed by Malcolm Zeger • DRE #02013882 • Brokerage DRE #01914434 • Buckingham Investments, Inc • 626-483-7983
Property Details for 1844 Atlantic Avenue
Parking Spaces Total
0
Private PoolNo
Total Units7.0
Building TypeAttached
Lot Size SourceAssessor
Living Area3429
Assessor Parcel Number7210-016-014
Property Attached YNtrue
LISTING UPDATED: 11/05/2024 02:59 AM
Property Details for 1844 Atlantic Avenue
Status | Active |
---|---|
MLS # | SB24225878 |
Days on Market | 47 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Mixed Use |
MLS Type | Residential Income |
Year Built | 1920 |
Lot Size | 0.11 AC / 4,890 SF |
County | Los Angeles County |
Building Information for 1844 Atlantic Avenue
Stories1Residences-Year Built1920Building Size-Lot Size0.11 AC / 4,890 SF
Property Information for 1844 Atlantic Avenue
Property History for 1844 Atlantic Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1844 Atlantic Avenue
Taxable ValueLand$169,014Additions$96,578Total$265,592
Tax Record2024$4,028 ($336 / month)
Home Facts
Total Finished SqFt3,429 SqFtAbove Grade Finished SqFt3,429 SqFtStories1Lot Size4,890 SqFtStyleOffice BuildingYear Built1920ZoningLBPD25CountyLOS ANGELESAPN7210-016-014
Schools near 1844 Atlantic Avenue
This home is within Long Beach Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Burnett Elementary School PublicK to 5 | ||
Jessie Nelson Academy Public6 to 8 | ||
Polytechnic High School Public9 to 12 | ||
Clear Passage Educational Center Charter9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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