$ 995,000
1844 Atlantic AVE Long Beach, CA 90806
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Sally Lee
marketing@thewhipplegroup.com
REQUEST A TOUR
In-PersonVirtual Tour
Sally Lee
marketing@thewhipplegroup.com$ 995,000
Est. payment | /mo
4,891 Sqft Lot
$ 995,000
Est. payment | /mo
4,891 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Poly High (Ph)
MLS Listing ID SB24225878
HOA Y/N No
Year Built 1920
Lot Size 4,891 Sqft
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. 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.
Location
State CA
County Los Angeles
Area 9 - Poly High
Zoning LBPD25
Interior
Fireplace No
Laundry None
Exterior
Pool None
Community Features Urban
Private Pool No
Building
Lot Description 6-10 Units/Acre, Rectangular Lot
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 7210016014
Energy Description 390.0
Acceptable Financing Cash, Owner May Carry
Listing Terms Cash, Owner May Carry
Special Listing Condition Standard
Listed by Malcolm Zeger • Buckingham Investments, Inc • 626-483-7983
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Sally Lee
Marketing Director and Agent | License ID: 02122928