MLS® ID: PW18250713

2391 Atlantic Avenue

Long Beach, California, 90806

$1,570,000 Active
  • - SQFT
PRICE JUST REDUCED! ****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, (CELL TOWER WON'T BE SOLD SEPARATELY), *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. CAP RATE is at 5.64%.
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Listing courtesy of HK Mega R.E. & Investment

Amenities

  • Full baths
    0
  • Half baths
    0
  • Zip
    90806
  • Office name
    HK Mega R.E. & Investment
  • SQFT
    0
  • Bedrooms
    0
  • Property type
    Mixed Use
  • Year built
    1992
  • Lot size
    5971.00
  • Tax year
    2017
  • Agent name
    Kee Jae Lee
  • Tax amount
    $ 19200.0
  • Purchase Type
    Active
  • Price Range
    $1.5m-$1.75m
  • Square Feet Range
    < 1000 sq ft.
  • Year Built Range
    1990-1999
  • Office ID
    PB17470
  • Agent ID
    PLEEKEE

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