Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Type

SingleFamilyResidence

Bedrooms

2

Building size

2,211 sqft

Lot size

6,909 sqft

Year built

1911

Stories

1

Garage spaces

0

Style

Craftsman

Heating

Forced Air,Heat Pump

Cooling

See Remarks

Pool

None

View

None

Status

Active

Days on market

156

MLS #

245623520

About this property

THIS IS A MIX-USE (RMU4 A-Series), consisting of front commercial (1329 Atlantic-currently used as Hair Salon) and recently renovated CRAFTSMAN 4 bedroom, 2 bath home (County shows 3 bedrooms) at the rear (1331 Atlantic). Steps from transportation, shopping, St. Mary’s hospital, schools (Poly Tech), and many other amenities. Close to LB City College, 710 and 405 freeways. Plenty of off street parking House has newer roof, double pane windows, kitchen with quartz countertop, W/D included, newer central furnace, fully fenced, plus many other upgrades. One bedroom has a separate entry and can be used as an office or…. Commercial can be converted to an ADU. Per City, a secondary ADU is also permissible. NOT SUBJECT TO RENT CONTROL. DO NOT DISTURB TENANTS Buyer to investigate other uses such as redevelopment, student/elderly housing, etc.. Fireplace not functional. Commercial unit has Ductless AC. BONUS 1: Oil and gas royalties are included in the sale. BONUS 2: Recent RMU4 Zoning (Residential Mixed Use) allows for unrestricted density of up to 5 stories + ADU allowances. Parking will be optional for a new development. Buyer must confirm with the City. See also: OC25046753, OC25048259 The information provided here is deemed reliable but is not guaranteed. Buyer is advised to independently verify any and all information related to the property. Owner/Agent

Location

1331 Atlantic Avenue

Long Beach, Los Angeles, CA, 90813