6082 Atlantic Avenue, Long Beach, CA 90805

FOR SALE
  • $998,000
  • 183 Days on site
  • Beds: n/a
  • Baths: n/a
  • Commercial Building

Description

Rare five-unit retail building with NNN long terms leases under one million dollars. One tenant occupies two units, hence this center is 100% occupied by four tenants. Two tenants have 3% annual rent increases, one tenant has a flat 3-year lease, and one tenant has 5% annual increases.
 
 The City of Long Beach has a beautification initiative underway for this area. This is a great opportunity to buy BEFORE the City's redevelopment is complete which will most likely increase property values. In addition, UPTOWN Business District Tenant plan to implement a $10,000 updated facade to the front exterior.
 
 Building size is 6,000 square feet on 9,340 square feet of land with eight parking spaces behind the building. There is also plenty of street parking in front of the building and on the side of the building, as the property sits on a corner which provides ample street parking.
 
 REQUEST OFFERING MEMORANDUM FROM BROKER.

  • MLS ID# OC16114609
  • Year Built: 1935
  • 183 Days on site
  • Commercial Building
  • Beds: n/a
  • Baths: n/a

Listing Details

Public Facts: As provided by County Assessor and Recorder offices. May not reflect recent additions or improvements. If you see any errors, the best way to get the records updated is to contact your local county records office. If any of the information in this section conflicts with property information provided by a listing agent or broker, agent-provided information should be deemed more reliable.

Local Info

Population
92,811
Median Household Income
$41,664
Median Years In Residence
8
Median Homeowner Age
27
Households with Children
68.72%
Percent of Homes Rented
53.84%

Nearby Elementary Schools

6095 Orange Ave
1225 E 64th St
5369 Linden Ave

Nearby Middle Schools

6095 Orange Ave
5369 Linden Ave
1022 E Market St

Nearby High Schools

6500 Atlantic Ave
6095 Orange Ave
5075 Daisy Ave

These are the closest schools to your requested location. Proximity does not guarantee enrollment eligibility. Please consult your real estate agent or school district to confirm the schools you are zoned to attend.

Property Contact Info

Listing Provided By: First Team Real Estate
(866) 792-2985
Listing Agent: John Gessford

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