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    Investment Opportunity: Historic Property & Billboard!

    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!

    Lot Size Area

    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 

    Schedule a Showing

    Features

    General Description

    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

    Building Details

    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

    Assessment & Tax

     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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