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Listed by Tyler Leeson, DRE #01451551 • Marcus & Millichap RE Invest
$ 2,850,000
Est. payment /mo
New
1491 Atlantic AVE Long Beach, CA 90813
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CROC26138156
Year Built 2022
Source California Regional MLS
Property Description
1491 Atlantic Avenue is a newly built 5-unit multifamily investment opportunity located in Long Beach, CA. Built in 2022, the property offers a unique and diverse unit mix consisting of one studio, one 2-bed/2-bath unit, and three expansive 5-bed/3.5-bath townhome-style units across 6,845 rentable square feet. This versatile layout, combined with exceptionally large floor plans for the townhome units, allows the asset to appeal to a wide range of tenant profiles, from single professionals to families seeking additional space. As a modern, newly constructed building, the asset has been exceptionally well maintained and offers a stable operational profile with virtually zero near-term capital expenditure requirements. The property is equipped with premium contemporary amenities, including central air conditioning, energy-efficient solar panels, private balconies, and the security of controlled access and gated parking, with six garage spaces. Supporting long-term tenancy, the property is located adjacent to multiple local schools, making the larger townhome units highly attractive to families prioritizing educational proximity. Overall, 1491 Atlantic Avenue represents a rare opportunity to acquire a low-maintenance, turnkey asset in Long Beach, leveraging modern construction effici
Location
State CA
County Los Angeles
Area 9 - Poly High
Interior
Heating Solar
Laundry Gas Hookup, 30
Exterior
Garage Spaces 6.0
Pool None
Building
Lot Description Grade - Level
Story Three or More Stories
Water District - Public
Others
Tax ID 7269031017
Special Listing Condition Not Applicable
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