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2391 Atlantic Ave

Long Beach, CA 90806

$1,570,000

Storefront Retail Residential For Sale  •  6,077 Sq Ft

Property Details

  • Property Type Storefront Retail Residential
  • Total Building Size 6,077 Sq Ft
  • Building Class C
  • Year Built 1992
  • Cap Rate 5.80 %
  • Tenancy Multiple
  • Zoning C1
60 Transit Score
79 Walk Score

Description

****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, *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.

Highlights

Busy corner lot w/foot traffic.
AT&T Cell Tower
Separate, detached Single Family House on the lot

Property Flyers

Financial Summary (Actual)

Net Operating Income: $90,377 (2017)
Cap Rate: 5.80 %
Total Expenses: $25,819

Major Tenants

Tenant SF Occupied Lease End Date
AT&T Services, Inc.

Public Transportation

Transit/SubwayDriveWalkDistance
Willow Station (Blue Line) - 12 min 0.7 mi
AirportDriveWalkDistance
Long Beach-Daugherty Field Airport 11 min - 5.3 mi
Los Angeles International Airport 22 min - 19.2 mi
John Wayne Airport 24 min - 23.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 4
Type: Surface
Included in Rent: Yes
Keejae Lee 714-613-2022 Leader One Realty
Keejae Lee 714-613-2022 Leader One Realty