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- LoopNet Team
2391 Atlantic Ave
Long Beach, CA 90806
Retail Property For Sale
PROPERTY FACTS
ABOUT 2391 ATLANTIC AVE , LONG BEACH, CA 90806
HOT PROPERTY!****FULLY OCCUPIED, SIX-UNIT COMMERCIAL/APARTMENT BUILDING + !!!!! AT&T CELL PHONE TOWER!!!!! RENTAL FOR SALE*** 1 LIQUOR STORE + 1 SEPARATE SINGLE DETACHED HOME (TWO BEDROOM/ 1 BATH) + 4(SINGLE UNIT APARTMENTS ON A HIGHLY VISIBLE MAJOR STREET!!! 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: $ 3,090.00 /MONTH, *AT&T CELL TOWER: $2,178.00 /MONTH, (CELL TOWER WON'T BE SOLD SEPARATELY), *SINGLE UNIT HOUSE: $ 1,055.00 /MONTH *APARTMENT#1: $ 1,050.00 /MONTH, *APARTMENT#2: $920.00 / MONTH, *APARTMENT #3: $970.00 /MONTH, *APARTMENT #4: $815.00 /MONTH. TOTAL MONTHLY INCOME IS AT $10,078.00 /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 5.3%. GREAT UPSIDE FOR POTENTIAL RENT INCREASES! OWNER IS RELUCTANT TO INCREASE THE RENT ON THE APARTMENTS AND THE SINGLE HOME. THANK YOU AND GOOD LUCK!
PROPERTY TAXES
| Parcel Number | 7208-018-017 | Improvements Assessment | $97,475 |
| Land Assessment | $81,222 | Total Assessment | $178,697 |
PROPERTY TAXES
