$999,500 - 1830 Atlantic, Long Beach

Long Beach Home For Sale

Introducing 1830 Atlantic Avenue, a fully renovated mixed-use investment opportunity comprised of five residential units and two ground-floor retail spaces in a high-demand Long Beach corridor. The residential component features a well-balanced unit mix of two 1-bedroom / 1-bath units and three studio units, designed to capture strong rental demand and maximize occupancy. The property also offers a large rear parking lot with automatic gate access, providing added convenience and security for tenants. This asset has undergone extensive capital improvements, including upgrades to all major systems—new roof, updated stucco, dual-pane windows, modernized electrical, and plumbing—delivering a true turnkey investment. The rear staircase has been rebuilt with concrete and metal construction, offering durability, safety, and long-term reliability. Throughout the property, designer finishes elevate both the interior and exterior, creating a clean, modern aesthetic that stands out in the market. From a financial perspective, the opportunity is compelling. The property is being offered at a true 8% cap rate and a 7.6 gross rent multiplier, providing strong in-place cash flow with minimal deferred maintenance. The mixed-use configuration—**residential units above and retail below—**creates diversified income streams and long-term stability. Additionally, the retail component presents future upside potential, particularly with one space positioned for lease-up. 1830 Atlantic is ideal for investors seeking a high-yield, low-maintenance asset with strong fundamentals, modern upgrades, and a strategic blend of residential and commercial income in one of Long Beach’s most active rental markets.