Mixed-Use

5545 Atlantic Ave

5545 Atlantic Ave, Long Beach, CA 90805

Listing Price: $900,000

Cap Rate
5.06%
Number of Units
5
Occupancy
100.0%
Price/Unit
$180,000
Price/Gross SF
$278.12
Gross SF
3,236

Investment Overview

Marcus & Millichap is pleased to present to market 5545 Atlantic Avenue, a turnkey five-unit mixed-use asset in Long Beach, California. This offering presents an excellent opportunity for an investor to acquire a renovated asset that is fully occupied with solid in-place rents and seven percent potential upside. The property consists of a front building with two streetfront retail units and two one-bedroom units, a rear building with a studio apartment above a two-car garage, and a rooftop deck above an additional garage. All units are separately metered for gas and electricity. The rear of the property is securely gated, and the rear building has a newly landscaped backyard/ patio. 5545 Atlantic Avenue has recently undergone an extensive $80,000 renovation. Upgrades include new plumbing and electrical, new security cameras and lighting, new interior and exterior paint, new kitchens with new appliances in the apartments, new bathrooms in the retail units and apartments, new flooring, new landscaping and outdoor lighting, new smoke alarms, and new windows and blinds. The property is located in North Long Beach between Market and South streets along Atlantic Avenue, a retail corridor offering great exposure for the building’s streetfront retail units. The property is also proximate to the 710 and 91 Freeways.

Investment Highlights

  • Renovated Mixed-Use Asset Consisting of Two Streetfront Retail Units, Two One-Bedroom Apartments, and a Studio
  • Property Features Two Two-Car Garages, a Rooftop Deck, and an Upgraded Backyard/Patio
  • Recent $80,000 Renovation Included New Plumbing, Electrical, Security Cameras and Lighting, Upgraded Kitchens With New Appliances, New Flooring, and More
  • Fully Occupied With Solid In-Place Rents and Seven Percent Potential Upside

Exclusively Listed By

Listing Price: $900,000

Cap Rate
5.06%
Number of Units
5
Occupancy
100.0%
Price/Unit
$180,000
Price/Gross SF
$278.12
Gross SF
3,236

Investment Highlights

  • Renovated Mixed-Use Asset Consisting of Two Streetfront Retail Units, Two One-Bedroom Apartments, and a Studio
  • Property Features Two Two-Car Garages, a Rooftop Deck, and an Upgraded Backyard/Patio
  • Recent $80,000 Renovation Included New Plumbing, Electrical, Security Cameras and Lighting, Upgraded Kitchens With New Appliances, New Flooring, and More
  • Fully Occupied With Solid In-Place Rents and Seven Percent Potential Upside

Investment Overview

Marcus & Millichap is pleased to present to market 5545 Atlantic Avenue, a turnkey five-unit mixed-use asset in Long Beach, California. This offering presents an excellent opportunity for an investor to acquire a renovated asset that is fully occupied with solid in-place rents and seven percent potential upside. The property consists of a front building with two streetfront retail units and two one-bedroom units, a rear building with a studio apartment above a two-car garage, and a rooftop deck above an additional garage. All units are separately metered for gas and electricity. The rear of the property is securely gated, and the rear building has a newly landscaped backyard/ patio. 5545 Atlantic Avenue has recently undergone an extensive $80,000 renovation. Upgrades include new plumbing and electrical, new security cameras and lighting, new interior and exterior paint, new kitchens with new appliances in the apartments, new bathrooms in the retail units and apartments, new flooring, new landscaping and outdoor lighting, new smoke alarms, and new windows and blinds. The property is located in North Long Beach between Market and South streets along Atlantic Avenue, a retail corridor offering great exposure for the building’s streetfront retail units. The property is also proximate to the 710 and 91 Freeways.

Exclusively Listed By

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