Property Detail

Description

Presenting a remarkable opportunity to acquire a robust commercial/residential mixed-use property situated in a highly desirable 1844 Atlantic Ave in Long BEach. This meticulously configured asset comprises six total units: three income-generating street-level commercial storefronts and three back-end residential units. Offering immediate stability and strong returns, the property currently boasts an impressive 11.44 Gross Rent Multiplier (GRM) and an attractive 8.4% Capitalization Rate (Cap Rate). With five out of six units tenant occupied, the diversified income stream provides opportunity for maximum upside potential, or opportunity to live/rent. Don't miss out on this incredible investment opportunity. Contact the listing agent today to request the full financial package and schedule a private showing; do not disturb the current tenants.