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1844 Atlantic Avenue

Long Beach, CA 90806

– beds
– baths
– sqft
4,890 sqft lot
1920 build
– on site

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 CRMLS_CA / Malcolm Zeger / Buckingham Investments, Inc / 626-483-7983

Last checked: Checking… • Last updated Dec 4, 2024 •

MLS# SB24225878 —

The Building

Year Built:

1920
Year Built Source:

Assessor
New Construction:

No
Building Area Total:

3429.00
Building Area Units:

Square Feet
Total Number Of Units:

7
# of Buildings:

3
Stories Total:

1
Entry Level:

1
Common Walls:

2+ Common Walls
# of Separate Gas Meters:

3
# of Separate Water Meters:

1
# of Separate Electric Meters:

3

Interior

Entry Location:

First Floor
Laundry:

None

Location

Directions:

On East side of street, to your right while traveling northbound on Atlantic.
Latitude:

33.79070100
Longitude:

-118.18470200

The Property

Property Type:

Residential Income
Subtype:

Commercial/Residential
Zoning:

LBPD25
Lot Features:

6-10 Units/Acre, Rectangular Lot
Lot Size Area:

4890.0000
Lot Size Acres:

0.1123
Lot Size SqFt:

4890.00
Lot Size Source:

Assessor
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Block:

A
Tax Census Tract:

5732.02
Tax Tract:

573...
Tax Lot:

1

The Listing

Special Listing Conditions:

Standard
Parcel Number:

7210016014

Utilities

Sewer:

Public Sewer
Water Source:

Public

The Community

Subdivision:

Poly High (PH)
Subdivision:

Poly High (PH)
Features:

Urban
Pool:

None
Senior Community:

No
Private Pool:

No

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
11/1/24 Nov 1, 2024	Listed / Active	CRMLS_CA	$995,000

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This multifamily located in Roosevelt-Linden Historic District, Long Beach, CA 90806 is currently for sale for $995,000. 1844 Atlantic Avenue is a – square foot multifamily with – beds and – baths that has been on Estately for 47 days. 1844 Atlantic Avenue is in the Roosevelt-Linden Historic District neighborhood of Long Beach and has a WalkScore® of 87, making it very walkable. This multifamily is in the attendance area of Smith Elementary School, Jessie Nelson Academy, and Polytechnic High School.

Listing Courtesy of: CRMLS_CA and Buckingham Investments, Inc. Based on information from California Regional Multiple Listing Service, Inc. as of 23:50 on Dec 17.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.