6082 Atlantic Avenue

Long Beach, CA 90805

$1,200,000
Price
Beds
4
Baths
6,000 Sq. Ft.
$200 / Sq. Ft.
6,000
Sq. Ft.
$200
per Sq. Ft.

Description

We are pleased to present an investment opportunity at 6082 Atlantic Ave in North Long Beach, a multi-tenant retail property on a corner lot between E Harding St & South St. The property features four retail spaces and is currently fully occupied by a nail salon, hair salon, bakery, and an office tenant; two tenants have 4 years remaining on their lease term with no options; two tenants have one five-year option at the end of their lease term. The majority of the rents are below market, an ideal...We are pleased to present an investment opportunity at 6082 Atlantic Ave in North Long Beach, a multi-tenant retail property on a corner lot between E Harding St & South St. The property features four retail spaces and is currently fully occupied by a nail salon, hair salon, bakery, and an office tenant; two tenants have 4 years remaining on their lease term with no options; two tenants have one five-year option at the end of their lease term. The majority of the rents are below market, an ideal opportunity to reposition the building at the end of the lease terms to achieve market rents, or occupy a portion of the building as an owner user. The property is being offered at a low $200 PSF at the asking price. Well-kept building totaling 6,000 SF on a 9,341 SF lot; eight parking spaces at the rear of the property. Highly visible location for retail with over 23,000 cars per day on Atlantic Ave; just south of Jordan High School and easy access to both the 710 & 91 Freeways.
  1. Listed by Neema Ahadian • DRE #01346750 • Brokerage DRE #01238010 • Marcus & Millichap

Property Details for 6082 Atlantic Avenue

Zoning
LBCNA
Parcel Number
7124016041
Total Units
4.0
Living Area
6000
Source Living Area
Vendor Enhanced
Area
North Long Beach (7)
Vacancy Rate
0
Lot Size Area
9341
LISTING UPDATED: 11/25/2024 11:41 AM

Property Details for 6082 Atlantic Avenue

StatusActive
MLS #24-466875
Days on Market29
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1935
Lot Size0.21 AC / 9,341 SF
CountyLos Angeles County

Building Information for 6082 Atlantic Avenue

Stories1Residences-Year Built1935Building Size-Lot Size0.21 AC / 9,341 SF

Property Information for 6082 Atlantic Avenue

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 1
  • Type Of Units: Retail
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $89,342
  • Net Operating Income: $51,710.00
  • Gross Income: $94,044
  • Cap Rate: 4.31%
  • Gross Rent Multiplier: $12.76
  • Actual Annual Gross Rent: $94,044.00
  • Actual Gross Annual Income: $94,044
  • Actual Rent Total: $94,044.00
  • Vacancy Allow Dollar: $4,702.00
  • Vacancy Allow Percent: 5.00%
  • Total Annual Expense: 37632
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.2145
  • Lot Size Square Feet: 9341
  • Lot Size Dimensions: 80x115
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 8
  • Parking Features: None
Interior Features
Interior Features
  • Levels: One
  • Cooling: None
  • Cooling Type: None
  • Heating: None
  • Heating Type: None
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 11-25-2024
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,865.00
  • Unit Actual Rent: $1,865.00
  • Unit Projected Rent: $2,400.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,065.00
  • Unit Actual Rent: $2,065.00
  • Unit Projected Rent: $2,400.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,082.00
  • Unit Actual Rent: $2,082.00
  • Unit Projected Rent: $2,400.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,825.00
  • Unit Actual Rent: $1,825.00
  • Unit Projected Rent: $2,400.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $423,895.00
  • Assessed Improvement Percent: 41.08
  • Assessed Land Value: $607,955.00
  • Assessed Land Percent: 58.92
  • Assessed Total Value: $1,031,850.00

Property History for 6082 Atlantic Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 6082 Atlantic Avenue

Taxable ValueLand$620,114Additions$432,372Total$1,052,486
Tax Record2024$17,116 ($1,426 / month)
Home Facts
Total Finished SqFt6,000 SqFtAbove Grade Finished SqFt6,000 SqFtStories1Lot Size9,341 SqFtStyleStoresYear Built1935ZoningLBCNACountyLOS ANGELESAPN7124-016-041

Schools near 6082 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 - 6 to 8
Rating
School
Distance
Harte Elementary School
PublicK to 5

Lindbergh Middle School
Public6 to 8

Jordan High School
Public9 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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6082 Atlantic Avenue is a multi-family home for sale in Long Beach, CA 90805. This property was listed for sale on November 4, 2024 by Marcus & Millichap, it's currently listed at $1,200,000. It has been on the market for a total of 29 days and was last sold on September 7, 2016. This listing's school district is Long Beach Unified School District. Nearby schools include Harte Elementary School, Lindbergh Middle School and Jordan High School. 6082 Atlantic Avenue is a 0-bed, 4-bath, 6,000 sqft multi-family home built in 1935.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Neema Ahadian, DRE #01346750

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.