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1844-1848 Atlantic Ave
Long Beach, CA 90806

$995,000 USD

Storefront Retail Residential For Sale • 3,429 SF

Property Details

Property Type Storefront Retail Residential
Total Building Size 3,429 SF
Lot Size 0.11 AC
Building Class C
Year Built 1920
Cap Rate 7.51 %
Tenancy Multiple
Zoning LBPD25

63 Transit Score

87 Walk Score

                
                    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

Property Flyers

1844 Atlantic Ave OM

Financial Summary (Actual)

Net Operating Income: $74,706 USD (2023)

Cap Rate:	7.51 %
Total Expenses:	$23,904 USD

Public Transportation

Transit/Subway	Drive	Walk	Distance
Pacific Coast Highway Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro))	1 min	7 min	0.4 mi
Anaheim Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro))	2 min	17 min	0.9 mi
Airport	Drive	Walk	Distance
Long Beach (Daugherty Field)	8 min	-	3.6 mi
Los Angeles International	30 min	-	20.8 mi
John Wayne/Orange County	31 min	-	21.2 mi

Malcolm Zeger 310-982-7055 Buckingham Investments

1844-1848 Atlantic Ave Long Beach, CA 90806