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1050-1052 Atlantic Ave
Long Beach, CA 90813 Downtown Long Beach

$1,200,000 USD

Storefront For Sale • 3,089 SF

Property Details

Property Type Storefront
Total Building Size 3,089 SF
Lot Size 0.14 AC
Building Class C
Year Built 1953
Cap Rate 6.45 %
Tenancy Multiple
Zoning LBCO

70 Transit Score

80 Walk Score

                
                    Highlights
                
                                Rare two-unit Long Beach commercial asset with income, vacant-space flexibility, and future mixed-use redevelopment potential
                            
                                Unit 1050 is leased to Atlantic Plaza Pharmacy, while Unit 1052 offers ±1,989 SF for lease-up, owner-user use, or repositioning
                            
                                Unit 1052 is a former medical office with capped sinks and office-style rooms, offering flexibility for medical, wellness, nonprofit, or office use
                            
                                Vacant unit may suit an owner-user benefiting from pharmacy income; buyer to verify SBA eligibility, occupancy, and lender requirements
                            
                                Seller plans by Environ show a potential 3-story, 4-unit mixed-use affordable project, subject to City approval and buyer verification
                            
                                6,098 SF lot with long-term mixed-use or affordable redevelopment potential, subject to zoning, parking, affordability, and City approvals

Cap Rate:

6.45 %

Amenities

24 Hour Access
Fenced Lot
Air Conditioning

Public Transportation

Transit/Subway	Drive	Walk	Distance
Anaheim Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro))	3 min	7 min	0.4 mi
5th Street Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro))	2 min	13 min	0.7 mi
Pacific Coast Highway Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro))	3 min	19 min	1.0 mi
1st Street Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro))	4 min	20 min	1.0 mi
Pacific Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro))	3 min	20 min	1.0 mi
Airport	Drive	Walk	Distance
Long Beach (Daugherty Field)	10 min	-	4.2 mi
John Wayne/Orange County	31 min	-	21.2 mi
Los Angeles International	32 min	-	21.4 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	8
Type:	Surface
Included in Rent:	Yes

Josue Najera 310-857-6616 In Real Estate

1050-1052 Atlantic Ave Long Beach, CA 90813 Downtown Long Beach