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1844 Atlantic Avenue

Long Beach, CA 90806

$1,100,000 $4,637/Mo

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Overview

Bed

Bath

4,890

Sqft(Lot)

Description

Rarely does a mixed-use property offer this much flexibility, visibility, and income potential. Positioned along a highly visible stretch of Atlantic Avenue with 30,000+ vehicles passing by each day, this unique property combines three street-facing commercial spaces, residential living, and a recently completed garage-conversion ADU into one compelling opportunity. For the income-focused investor, multiple existing revenue streams create a strong foundation, with three commercial spaces plus residential income and additional upside as rents and occupancy are optimized over time. With several different income sources under one roof, this is the kind of asset that offers diversification, flexibility, and plenty of ways to enhance long-term value. The original three-bedroom, three- bath residence is currently being used as a two-bedroom, two-bath living area and a one-bedroom, one-bath living area, creating added versatility within the residential portion of the property. Behind it, the recently completed garage-conversion ADU offers approximately 1,200 square feet with two bedrooms plus an office/bonus room, two baths, laminate flooring, quartz countertops, wall-mounted air conditioning, and two parking spaces. Three separate exterior doors provide exceptional access and added flexibility in how the space can be occupied and enjoyed. Freshly finished and currently vacant, it offers an immediate opportunity for additional rental income or owner occupancy. That flexibility creates several compelling ways to make the property work. An investor can benefit from diversified commercial and residential income. An owner-occupant may choose to live on-site while the remaining income-producing portions help offset ownership costs. A business owner could occupy one of the retail spaces while benefiting from income generated elsewhere on the property. And for the live-work buyer, the ability to live and operate a business from the same property is especially hard to replicate. Add in the exposure of Atlantic Avenue, three commercial storefronts, multiple existing tenants, a freshly completed ADU, and the ability to combine business, residential, and investment uses in one location, and the opportunity becomes even more compelling. High visibility. Multiple income streams. Owner-user potential. Live-work flexibility. And more than one way to unlock the value. This is not a one-size-fits-all property. That is exactly what makes it so interesting.

Property Details

Property Type : ResidentialIncome

Price : $1,100,000

AD Id : 90893536

MLS Id : SB26183509

Beds : 5

Lot Size : 4,890 Sqft

Year Built : 1920

County : Los Angeles

Subdivision: Jean Place

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Features

Interior Features

CeilingFans, HighCeilings, QuartzCounters, AllBedroomsDown, BedroomOnMainLevel

Roof: Other

Laundry Features: CommonArea, Inside
Heating & Cooling

Has Heating: Yes Heating: WallFurnace Has Cooling: Yes Cooling: WallWindowUnits

Building Information

Year Built: 1920

Building Area Total: 4554

Construction Materials: Stucco

Stories: 1

Pool Features: None

Private Pool: No

Lot Information

Main Square Feet: 4890 Lot Size Acres: 0.1123 Lot Size Source: Assessor Lot Size Square Feet: 4,890 Lot Description: Level

Property Information

Subdivision: Poly High (PH) Source Property Type: ResidentialIncome Property SubType: Mixed Use Levels: One Property Age: 106

Listing Price Information

Listing Price: $1100000

Cash, CashToNewLoan, Conventional, Contract

Tax Information

Parcel Number: 7210016014 Tax Lot: 1 Tax Block: A

Virtual Tour

Virtual Tour (External Link)

Parking Information

Parking Total: 2 Assigned, OneSpace, Uncovered

Location Information

Direction: North East side of PCH and Atlantic WaterSource: Public

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Nearby Home Value

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3090 Eucalyptus Avenue, Long Beach, CA, 90806	$929,900	2	2	1,384	4,951 Sqft

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1844 Atlantic Avenue

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