1844-1848 Atlantic Ave - Storefront Retail/Residential FOR SALE


Long Beach, CA 90806
$995,000 USD
310-982-7055
1844-1848 Atlantic Ave, Long Beach, CA for Sale
$995,000 USD
Storefront Retail/Residential - FOR SALE
1/20
null | 7.51% Cap Rate

1844-1848 Atlantic Ave
Long Beach, CA 90806


HIGHLIGHTS

  • Current GRM of 9.6 and current cap rate of 7.5%
  • Seller financing available with 50%+ down
  • Prime Atlantic Ave location with 30,000+ daily traffic and 70,000 nearby households

OVERVIEW

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, four residential units in 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.

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$290 USD /SF

CAP RATE

7.51%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Storefront Retail/Office, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,879 SF

ZONING

LBPD25

APN/PARCEL ID

7210-016-014

ASK ABOUT THIS PROPERTY

Malcolm ZegerBuckingham InvestmentsMore Info
310-982-7055

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Malcolm ZegerBuckingham InvestmentsMore Info
310-982-7055

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.