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

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listing
1 of 8
Residential IncomeFor Sale
$1,200,000
6082 Atlantic Avenue
Long Beach, CA 90805
Listed by Neema Ahadian DRE#01346750 [email protected] Marcus & Millichap
MLS: California Regional MLS (CRMLS)
0Beds
6,000Sq Ft
Est. Mortgage
$6,294/mo

We are pleased to present an investment opportunity at 6082 Atlantic Ave in North Long Beach, a multi-tenant retail property on a corner lot between E Harding St & South St. The property features four retail spaces and is currently fully occupied by a nail salon, hair salon, bakery, and an office tenant; two tenants have 4 years remaining on their lease term with no options; two tenants have one five-year option at the end of their lease term. The majority of the rents are below market, an ideal opportunity to reposition the building at the end of the lease terms to achieve market rents, or occupy a portion of the building as an owner user. The property is being offered at a low $200 PSF at the asking price. Well-kept building totaling 6,000 SF on a 9,341 SF lot; eight parking spaces at the rear of the property. Highly visible location for retail with over 23,000 cars per day on Atlantic Ave; just south of Jordan High School and easy access to both the 710 & 91 Freeways.

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Information courtesy of Marcus & Millichap is subject to verification and is not guaranteed.
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