5493 Atlantic Avenue

    Long Beach, CA 90805
    • $2,790,000
    • STATUS: Active
    • ON SITE: 193 days
    • ID#: PW17184178
    $2,790,000
    • 0
      BEDS
    • 0.23
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,280
      SQFT
    • $301
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1959
    County:

    School Ratings & Info

    Description

    The Atlantic Avenue Apartments is a 15-unit apartment community located in the North Long Beach submarket. Comprised of two buildings situated on a 9,911 sq ft parcel, the property consists of fourteen 1bed/1bath units and one 3 bed/2 bath unit. The property is located within walking distance to bus lines, restaurants, and presents an opportunity to acquire a value-add asset that provides immediate cash flow.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-02-20T00:27:54.107. 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.
    www.themarellygroup.com/homes/75738430

    5493 Atlantic Avenue Long Beach, CA 90805

    • Price: $2,790,000
    • Status: Active
    • ID#: PW17184178
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.23
    Acres
    9,280
    SQFT
    $301
    $/SQFT
    1959
    Built
    Neighborhood:
    North Long Beach (Nlb)
    County:
    Los Angeles
    Area:
    7 - North Long Beach
    Property Description
    The Atlantic Avenue Apartments is a 15-unit apartment community located in the North Long Beach submarket. Comprised of two buildings situated on a 9,911 sq ft parcel, the property consists of fourteen 1bed/1bath units and one 3 bed/2 bath unit. The property is located within walking distance to bus lines, restaurants, and presents an opportunity to acquire a value-add asset that provides immediate cash flow.
    Exterior Features

    Garage Spaces 10.00 Lot Features Corner Lot Lot Size Units Square Feet Parking Total 10.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Appliances Electric StoveRefrigerator Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Flooring CarpetWood Interior Features Open Floor Plan Laundry Features Community Room Type KitchenLiving Room

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features Sidewalks Country Us Electric Expense 2750.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 1200.00 Gross Income 233640.00 Gross Scheduled Income 233640.00 Insurance Expense 3712.00 Land Lease YN No Laundry YN Yes Licenses Expense 500.00 Maintenance Expense 5625.00 Net Operating Income 221958.00 New Taxes Expense 34628.00 Number Of Separate Electric Meters 15 Number Of Separate Gas Meters 15 Number Of Separate Water Meters 15 Operating Expense 68138.00 Pest Control Expense 500.00 Professional Management Expense 11098.00 Rent Control YN No Senior Community YN No Sewer Unknown Special Listing Conditions Standard Subdivision Name Other North Long Beach (Nlb) Supplies Expense 2625.00 Total Expenses 68138.00 Trash Expense 2750.00 Water Sewer Expense 2750.00 Water Source Public Zoning Lbcca

    Listing provided courtesy of Robert Stepp of Keller Williams Pacific Estate.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-02-20T00:27:54.107. 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.
    The Marelly Group | Realty One Group
    5256 South Mission Rd, Suite 1006
    Bonsall CA, 92003