James Melton
James Melton, California Value Group, Inc.Phone: (714) 318-4664
Email: [email protected]

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listing
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Residential IncomeFor Sale
$995,000
1844 Atlantic Avenue
Long Beach, CA 90806
Listed by Malcolm Zeger DRE#02013882 [email protected] Buckingham Investments, Inc
MLS: California Regional MLS (CRMLS)
Est. Mortgage
$5,236/mo

Incredible mixed use building that is cash flowing at a current GRM of 9.6 and cap rate of 7.5%. Seller carry financing may be available with 50%+ down. Three retail units in front, residential in the back. Tons of upside potential for all of the retail units, or an excellent opportunity for a owner-user purchase. Tenants are paying on-time and consistently. Prime retail location on Atlantic Ave with 30,000+ vehicles passing each day. Recently updated garage roof, painting, and plumbing. This low expense building is a cash cow and a great opportunity for a savvy investor.

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Information courtesy of Buckingham Investments, Inc is subject to verification and is not guaranteed.
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