$1,250,000

1844 Atlantic Ave Long Beach, CA 90806

Sunrise Neighborhood

Estimated payment $6,912/month

Total Views 1,107
4 Beds
3 Baths
4,554 Sq Ft
$274 Price per Sq Ft

Highlights

  • No HOA
  • Level Lot
  • 1-Story Property
  • Long Beach Polytechnic High School Rated A

About This Home

Presenting a remarkable opportunity to acquire a robust commercial/residential mixed-use property situated in a highly desirable 1844 Atlantic Ave in Long BEach. This meticulously configured asset comprises six total units: three income-generating street-level commercial storefronts and three back-end residential units. Offering immediate stability and strong returns, the property currently boasts an impressive 11.44 Gross Rent Multiplier (GRM) and an attractive 8.4% Capitalization Rate (Cap Rate). With five out of six units tenant occupied, the diversified income stream provides opportunity for maximum upside potential, or opportunity to live/rent. Don't miss out on this incredible investment opportunity. Contact the listing agent today to request the full financial package and schedule a private showing; do not disturb the current tenants.

Listing Agent

Lianne Gallardo

Keller Williams South Bay Brokerage Phone: 310-918-0020 License #01965012 Listed on: 12/01/2025

Keller Williams South Bay

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 4,890 Sq Ft Lot
  • Two or More Common Walls
  • No Landscaping
  • Level Lot

Home Design

  • Property Attached
  • Entry on the 1st floor

Interior Spaces

  • 4,554 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • On-Street Parking

Listing and Financial Details

  • Legal Lot and Block 1 / A
  • Assessor Parcel Number 7210016014
  • $720 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 6 Units
  • Poly High Subdivision

Building Details

  • 5 Leased Units
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $2,000
  • Water Sewer Expense $1,200
  • Operating Expense $3,200
  • Net Operating Income $106,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Poly High (PH)
  • Water Sewer Expenses: 1200.00
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 7210016014
  • Year Built: 1920
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 274.48

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: No
  • Parking Features: Street
  • Total Parking Spaces: 2.00
  • Uncovered Spaces: 2.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street, No Landscaping
  • Lot Size Sq Ft: 4890.00
  • Lot Size Acres: 0.1123

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Scheduled Income: 109200.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 4890.0000 Square Feet
  • Net Operating Income: 106000.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 6
  • Operating Expense: 3200.00
  • Rent Control: No
  • Total Expenses: 3200.00

Tax Info

  • Tax Block: A
  • Tax Lot: 1
  • TaxOtherAnnualAssessmentAmount: 720.00

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,028 $270,903 $172,394 $98,509
2024 $4,028 $265,592 $169,014 $96,578
2023 $3,960 $260,385 $165,700 $94,685
2022 $3,737 $255,280 $162,451 $92,829
2021 $3,642 $250,275 $159,266 $91,009
2020 $3,631 $247,709 $157,633 $90,076
2019 $3,591 $242,853 $154,543 $88,310
2018 $3,407 $238,092 $151,513 $86,579
2017 $3,372 $233,425 $148,543 $84,882
2016 $3,118 $228,849 $145,631 $83,218
2015 $3,003 $225,412 $143,444 $81,968
2014 $2,989 $220,998 $140,635 $80,363
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/01/2025 12/01/25 For Sale $1,250,000 +468.2% $274 / Sq Ft
12/07/2012 12/07/12 Sold $220,000 -45.0% $64 / Sq Ft View Prior Sale
12/03/2012 12/03/12 Pending -- -- --
09/27/2012 09/27/12 For Sale $400,000 -- $117 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Grant Deed $220,000 Title 365
Grant Deed $600,000 Fnt
Interfamily Deed Transfer -- Fnt
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $540,000 Seller Take Back
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB25268211

California Regional Multiple Listing Service (CRMLS)

APN: 7210-016-014

California Los Angeles County Long Beach 90806 Sunrise

1844 Atlantic Ave, Long Beach, CA

For Sale

MultiFamily

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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Lianne Gallardo
Listing Agent
Lianne Gallardo
Section Image
Keller Williams South Bay
(562) 620-8226