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    2383 Atlantic Avenue

    Long Beach, CA 90806
    • $585,000
    • STATUS: Active
    • ON SITE: 293 days
    • ID#: PW20027952
    UPDATED: 162 min ago
    $585,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,975
      SQFT
    • $296
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1921
    County:

    School Ratings & Info

    Description

    GREAT BARGAIN!!! ****FULLY OCCUPIED, THREE-UNIT COMMERCIAL BUILDING FOR SALE*** TWO RETAIL SHOPS + 1 APARTMENT W/ 2 BEDROOM AND 1 BATH ON A HIGH VISIBLE MAJOR STREET!!! * UNIT#1 IS A BARBERSHOP AND UNIT#2 IS A BEAUTY SHOP. THE APARTMENT WAS FULLY UPGRADED 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. THIS BUILDING HAS ITS OWN PARKING AT THE REAR OF THE BUILDING. OWNER OPPORTUNITY OR INVESTOR OPPORTUNITY. HERE IS THE BREAKDOWN OF THE RENTAL UNITS: 2383 ATLANTIC AVENUE LONG BEACH, CA 90806 *UNIT#1: $ 948.00 /MONTH *UNIT#2: $ 845.00 /MONTH *APARTMENT: $ 1,400.00 /MONTH A GREAT RENTAL PROPERTY AT A BARGAIN PRICE. A TRUE MUST SEE, DON'T MISS OUT ON THIS ONE! BRAND NEW ROOF WAS PLACED LAST YEAR! ($15,000). CAP RATE IS AT 4.87%. LEASES EXPIRE ON 12/2020!! THIS UNIT IS A STEAL DUE TO POTENTIAL INCREASED RENT!!!

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-11-27T00:25:45.907. 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 or The Results Group | Berkshire Hathaway HomeServices California Realty. Licensed in the State of California, USA.

    www.redlandsland.com/homes/103012759
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    2383 Atlantic Avenue Long Beach, CA 90806

    • Price: $585,000
    • Status: Active
    • Updated: 162 min ago
    • ID#: PW20027952
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    1,975
    SQFT
    $296
    $/SQFT
    1921
    Built
    Neighborhood:
    9 - Poly High
    County:
    Los Angeles
    Area:
    9 - Poly High
    Property Description
    GREAT BARGAIN!!! ****FULLY OCCUPIED, THREE-UNIT COMMERCIAL BUILDING FOR SALE*** TWO RETAIL SHOPS + 1 APARTMENT W/ 2 BEDROOM AND 1 BATH ON A HIGH VISIBLE MAJOR STREET!!! * UNIT#1 IS A BARBERSHOP AND UNIT#2 IS A BEAUTY SHOP. THE APARTMENT WAS FULLY UPGRADED 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. THIS BUILDING HAS ITS OWN PARKING AT THE REAR OF THE BUILDING. OWNER OPPORTUNITY OR INVESTOR OPPORTUNITY. HERE IS THE BREAKDOWN OF THE RENTAL UNITS: 2383 ATLANTIC AVENUE LONG BEACH, CA 90806 *UNIT#1: $ 948.00 /MONTH *UNIT#2: $ 845.00 /MONTH *APARTMENT: $ 1,400.00 /MONTH A GREAT RENTAL PROPERTY AT A BARGAIN PRICE. A TRUE MUST SEE, DON'T MISS OUT ON THIS ONE! BRAND NEW ROOF WAS PLACED LAST YEAR! ($15,000). CAP RATE IS AT 4.87%. LEASES EXPIRE ON 12/2020!! THIS UNIT IS A STEAL DUE TO POTENTIAL INCREASED RENT!!!
    Exterior Features

    Lot Features 2-5 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet

    Interior Features

    Condo Area Units Square Feet Laundry Features Common Area

    Property Features

    Accounting Type Actual Additional Parcels YN No Advertising Expense 0.00 Building Area Units Square Feet Building Status Existing Cap Rate 4.87 Country Us Electric Expense 0.00 Gross Scheduled Income 38316.00 Insurance Expense 1645.00 Land Lease YN No Laundry YN Yes Leasable Area Units Square Feet Legal Accounting Expense 0.00 Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 27209.00 Operating Expense 11107.00 Professional Management Expense 0.00 Property Sub Type Mixed Use Real Estate Tax Expense 7188.00 Special Listing Conditions Standard Tax Annual Amount 7188.00 Tax Year 2019 Total Expenses 11107.00 Trash Expense 0.00 Water Sewer Expense 2274.00 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 2020-11-27T00:25:45.907. 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 or The Results Group | Berkshire Hathaway HomeServices California Realty. Licensed in the State of California, USA.

     
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    The Results Group | Berkshire Hathaway HomeServices California Realty
    501 Stuart Street, Suite 101
    Redlands CA, 92373