1844 Atlantic Ave Long Beach, CA 90806-5508

This exceptional 7-unit multi-tenant retail property at 1844 Atlantic Ave, Long Beach, CA 90806, presents a compelling investment opportunity. Boasting 3,429 square feet on a 4,890 square foot lot, this 1920-built building offers a strong current NOI of $74,706, translating to a 6.90% cap rate and a price per square foot of $290. The property is currently 100% occupied with a pro-forma NOI projected at $87,049. Each of the seven units offers significant upside potential for rental income. Recent improvements include a newly updated garage roof, fresh paint, and upgraded shut-off valves. The asking price is $995,000, representing a price per unit of $142,143 and a land value of $290 per square foot. Seller financing is available with a significant down payment. This is an ideal opportunity for both investors seeking strong cash flow and owner-occupants looking for a well-maintained property with growth potential in a desirable Long Beach location. The building's low operating expenses further enhance its profitability. This mixed-use property offers a rare combination of immediate income and long-term appreciation potential.