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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.
Features
1
1
0
: Urban
Additional Information
Buckingham Investments, Inc
0
sbzegemal
SB1301700
Malcolm
7210016014
: Standard
25
Multi-Family For Sale
1844 Atlantic Avenue, Long Beach, California 90806
3,429 Sqft
$995,000
Listing ID #SB24225878
Basic Details
Status : Active
DaysOnMarket : 4
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : SB24225878
Price : $995,000
Living Area : 3,429 Sqft
Lot Size : 4,890 Sqft
Year Built : 1920
Country : US
State : California
County : Los Angeles
City : Long Beach
Zipcode : 90806
Price Per Square Foot : $290
Subdivision : Poly High (PH)
ModificationTimestamp : 2024-11-05 10:59:27