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1491 Atlantic Ave
Long Beach, CA 90813 Downtown Long Beach

$2,850,000 USD

Apartments For Sale • 6,845 SF

Property Details

Property Type Apartments
Total Building Size 6,845 SF
Lot Size 0.16 AC
Building Class B
Year Built 2022
Cap Rate 4.74 %
Zoning LBCO

70 Transit Score

70 Walk Score

                
                    Highlights
                
                                Newer 2022 construction with modern finishes and minimal near-term capital needs.
                            
                                5-unit Long Beach multifamily asset totaling 6,845 rentable square feet.
                            
                                Unique unit mix with one studio, one 2-bed/2-bath unit, and three 5-bed/3.5-bath townhomes.
                            
                                Expansive townhome-style units appeal to families and larger households.
                            
                                Central A/C, solar panels, private balconies, and in-unit laundry hookups.
                            
                                Adjacent to Roosevelt Elementary School and near Long Beach Polytechnic High School.

Financial Summary (Actual)

Net Operating Income: $134,967 USD (2026)

Cap Rate:	4.74 %
Total Expenses:	$65,388 USD

Amenities

Fenced Lot
Washer/Dryer Hookup
Gated
Stainless Steel Appliances
Patio

Public Transportation

Transit/Subway	Drive	Walk	Distance
Anaheim Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro))	2 min	9 min	0.5 mi
Pacific Coast Highway Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro))	1 min	10 min	0.5 mi
5Th Street Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro))	3 min	19 min	1.0 mi
Airport	Drive	Walk	Distance
Long Beach (Daugherty Field)	9 min	-	3.9 mi
Los Angeles International	31 min	-	21.1 mi
John Wayne/Orange County	31 min	-	21.3 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	6
Type:	AttachedGarage
Included in Rent:	Yes

Tyler Leeson 714-713-9086 Marcus & Millichap

1491 Atlantic Ave Long Beach, CA 90813 Downtown Long Beach