Discover a unique residential and investment opportunity at 1109 & 1101 Atlantic Ave in the heart of Long Beach, CA! This exceptional offering includes two distinct properties with incredible potential for renovation, redevelopment, or income generation. 1109 Atlantic Ave is a charming single-family home built in 1913, featuring approximately 1,136 square feet of living space on a 5,982 square foot lot. With 3 bedrooms and 2 bathrooms, this property is ideal for renovation or redevelopment to meet modern housing needs (buyer to verify with the city). 1101 Atlantic Ave is a multi-family property built in 1942, boasting a 4,220 square foot structure with 9 residential units. This property presents an excellent opportunity for multi-unit housing, with potential for updates or redevelopment (buyer to verify zoning and permitted use).
Key features of this offering include an on-site billboard, providing potential advertising income opportunities (buyer to verify usage and income potential), and a prime location on Atlantic Avenue, offering versatile possibilities for residential or mixed-use development (buyer to verify all development options with the city). Situated in a highly desirable Long Beach neighborhood, this is a rare chance to own a piece of history while unlocking future potential. Don’t miss this exceptional opportunity to invest in a prime location with endless possibilities!
6,098 sqft
MLS #PW25013297
Kadiha Argumedo
State License #: 02232706
No Contact Info Selected
Partners Real Estate Group
State License #: 01958885
1290 N. Hancock Street, #103
Anaheim Hills, 92807
Property Type: Commercial Sale
Property Sub Type: Multi Family
Parcel: #7274001026
List Price: $3,200,000
Original Price: $3,200,000
Building SqFt: 11795
Lot SqFt: 6,098
Lot Acres: 0.14
Year Built: 1930
Special Listing Conditions: Standard
Stories Total: 2
Current Use: Multi-Family
# Units: 9
Entry Level: 1
Building Status: Existing
Occupancy: Occupied
$/SqFt: $271.30
County: Los Angeles
Investment Property YN: Yes
Cooling YN: Yes
Heating YN: Yes
Interior
Rooms: All Bedrooms Down, Bonus Room, Workshop
Exterior
Lot Features: 0-1 Unit/Acre
Sewer: None
Square Footage
$/Acre: $22,857,143
Residential Square Footage: 4,222
Land
Land Use: Multi-Family
Owner / Tenant - Number Of Units Leased: 9
Financial
Investment Info
Accounting Type: Actual
2024:
Assessment Year: 2024
Assessed Value - Total: $866,906
Assessed Value - Land: $472,858
Assessed Value - Improved: $394,048
YOY Change ($): $16,997
YOY Change (%): 2%
Tax Year: 2024
Total Tax: $11,442.60
YOY Change ($): $185
YOY Change (%): 2%
2023:
Assessment Year: 2023
Assessed Value - Total: $849,909
Assessed Value - Land: $463,587
Assessed Value - Improved: $386,322
YOY Change ($): $16,663
YOY Change (%): 2%
Tax Year: 2023
Total Tax: $11,257.43
YOY Change ($): $681
YOY Change (%): 6%
2022:
Assessment Year: 2022
Assessed Value - Total: $833,246
Assessed Value - Land: $454,498
Assessed Value - Improved: $378,748
Tax Year: 2022
Total Tax: $10,576.42
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