2391 Atlantic Avenue

    Long Beach, CA 90806
    • $1,570,000
    • STATUS: Active
    • ON SITE: 243 days
    • ID#: PW18250713
    UPDATED: 24 min ago
    $1,570,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,077
      SQFT
    • $258
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1992
    County:

    School Ratings & Info

    Description

    PRICE JUST REDUCED! ****FULLY OCCUPIED, SIX-UNIT COMMERCIAL/APARTMENT BUILDING + AT&T CELL PHONE TOWER RENTAL FOR SALE*** 1 LIQUOR STORE + 1 SEPARATE TWO BEDROOM/ 1 BATH HOUSE + 4(SINGLE UNIT APARTMENTS ON A HIGHLY VISIBLE MAJOR STREET!!! ***OVER 10,000 CARS PASS-BY IN ONE DAY!! THE ENTIRE PROPERTY WAS RENOVATED TWO YEARS AGO. COMMERCIAL BUILDING IS LOCATED BETWEEN ATLANTIC AVENUE AND E. BURNETT STREET IN A PROMINENT LONG BEACH AREA. PROPERTY HAS GREAT UPSIDE INCOME AND A GREAT INVESTMENT OPPORTUNITY. HERE IS THE BREAKDOWN OF THE RENTAL UNITS: 2391 ATLANTIC AVENUE LONG BEACH, CA 90806 *JOE'S LIQUOR: $ 3,000.00 /MONTH, *AT&T CELL TOWER: $2,073.89 /MONTH, (CELL TOWER WON'T BE SOLD SEPARATELY), *SINGLE UNIT HOUSE: $ 1,055.00 /MONTH *APARTMENT#1: $ 1,000.00 /MONTH, *APARTMENT#2: $870.00 / MONTH, *APARTMENT #3: $920.00 /MONTH, *APARTMENT #4: $765.00 /MONTH. TOTAL MONTHLY INCOME IS AT $9,683.89 /MONTH. A GREAT RENTAL PROPERTY AT A BARGAIN PRICE. A TRUE MUST SEE, DON'T MISS OUT ON THIS ONE! THANKS. CAP RATE is at 5.64%.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-16T09:32:04.57. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.themarellygroup.com/homes/88508084

    2391 Atlantic Avenue Long Beach, CA 90806

    • Price: $1,570,000
    • Status: Active
    • Updated: 24 min ago
    • ID#: PW18250713
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    6,077
    SQFT
    $258
    $/SQFT
    1992
    Built
    Neighborhood:
    9 - Poly High
    County:
    Los Angeles
    Area:
    9 - Poly High
    Property Description
    PRICE JUST REDUCED! ****FULLY OCCUPIED, SIX-UNIT COMMERCIAL/APARTMENT BUILDING + AT&T CELL PHONE TOWER RENTAL FOR SALE*** 1 LIQUOR STORE + 1 SEPARATE TWO BEDROOM/ 1 BATH HOUSE + 4(SINGLE UNIT APARTMENTS ON A HIGHLY VISIBLE MAJOR STREET!!! ***OVER 10,000 CARS PASS-BY IN ONE DAY!! THE ENTIRE PROPERTY WAS RENOVATED TWO YEARS AGO. COMMERCIAL BUILDING IS LOCATED BETWEEN ATLANTIC AVENUE AND E. BURNETT STREET IN A PROMINENT LONG BEACH AREA. PROPERTY HAS GREAT UPSIDE INCOME AND A GREAT INVESTMENT OPPORTUNITY. HERE IS THE BREAKDOWN OF THE RENTAL UNITS: 2391 ATLANTIC AVENUE LONG BEACH, CA 90806 *JOE'S LIQUOR: $ 3,000.00 /MONTH, *AT&T CELL TOWER: $2,073.89 /MONTH, (CELL TOWER WON'T BE SOLD SEPARATELY), *SINGLE UNIT HOUSE: $ 1,055.00 /MONTH *APARTMENT#1: $ 1,000.00 /MONTH, *APARTMENT#2: $870.00 / MONTH, *APARTMENT #3: $920.00 /MONTH, *APARTMENT #4: $765.00 /MONTH. TOTAL MONTHLY INCOME IS AT $9,683.89 /MONTH. A GREAT RENTAL PROPERTY AT A BARGAIN PRICE. A TRUE MUST SEE, DON'T MISS OUT ON THIS ONE! THANKS. CAP RATE is at 5.64%.
    Exterior Features

    Lot Features 6-10 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet

    Interior Features

    Condo Area Units Square Feet Laundry Features None

    Property Features

    Accounting Type Actual Additional Parcels YN No Building Area Units Square Feet Building Status Existing Cap Rate 5.64 Country Us Electric Expense 0.00 Expense Year 2017 Gross Scheduled Income 116206.00 Insurance Expense 3304.00 Land Use OtherRetail Laundry YN No Leasable Area Units Square Feet Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 90387.00 Operating Expense 25819.00 Professional Management Expense 0.00 Property Sub Type Mixed Use Real Estate Tax Expense 19200.00 Resident Manager Expense 0.00 Retail Center Type Mixed Use Special Listing Conditions Standard Tax Annual Amount 19200.00 Tax Year 2017 Total Expenses 25819.00 Water Sewer Expense 3315.00 Water Source Public

    Listing provided courtesy of Kee Jae Lee of Hk Mega R.E. & Investment


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-16T09:32:04.57. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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