Listed by Speedy Watson with First Team Real Estate

1101 Atlantic Avenue

Long Beach, CA, 90813

$3,495,000

$652 per ft²
$3,495,000
$652 per ft²
Active
Active
 - For Sale
carpenters-square
5,356 ft²
property_type
Multi-family
calendar
Built 1942
Opportunity to acquire a 9-unit apartment complex in the Mid-City redevelopment area with outstanding added value upside. This Commercially zoned (LBCO) corner location covers two parcels totaling 11,795 square feet directly across from Dignity Health's St. Mary's Medical Center providing excellent potential for medical building and/or office development. The existing rental units consist of (1) studio, (4) one-bedroom/1 bath, and (4) two-bedroom/combination of 1 & 2 baths. Eight units with one parking space, One unit with two car garage.
MLS® ID:
PW23020546
Listed:
2/13/23
Updated:
3/25/23

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Laundry Description
None
Floor Description
Tile
Fireplace
Decorative
Cooling
None
Heating
Natural Gas, Wall Furnace

Exterior/Building Features

Lot Size
5,813 ft² lot
Architectural Style
Traditional
Lot Details
Corner Lot, Near Public Transit
Roof
Composition, Shingle
Sewer
Public Sewer

Other Property Details

Area Name
4 - Downtown Area, Alamitos Beach
Association Amenities
Curbs, Gutter(s), Street Lights, Sidewalks
Garage
Yes
Garage Spaces
2
Parking
Assigned, Driveway, Garage, Off Street, One Space
Parking Total
10.0
View
Y
County
Los Angeles
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Water Source
Public
Pool
No
Pool Description
None
Total Stories
2
Zoning
LBCO
Buyer Agency Compensation
2.000

Listing Contact:  

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/25/23. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

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Data last updated on 3/25/23 at 2:46 PM UTC

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