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2244-2246 Atlantic Ave, Long Beach, CA 90806

2244-2246 Atlantic Ave, Long Beach, CA 90806
$515,000

Description

Lyon Stahl is excited to present 2244-2246 Atlantic Ave, two craftsman style homes in a desirable pocket of Northeast Long Beach, just a short commute to Long Beach Waterfront, The Queen Mary, and Shoreline Village. The two homes were built in 1913 and consist of 1,120 SF situated on a 4,881 SF lot. 2244-2246 Atlantic Ave offers a great unit mix consisting of (1) 3-Bed/1-Bath (736 SF) house and a (1) 1-Bed/1-Bath (384 SF) house. The property has been well maintained and features a detached garage, laundry facilities, and a large courtyard garden granting a tranquil private back yard. The front house will be delivered vacant and has been recently renovated to move-in condition. Located in one of the strongest rental markets in California – this is an excellent opportunity for a potential investor to obtain 30-year fixed residential financing while rates are at a historic low.

• Two Detached Craftsman Style Homes on a Large 4,881 SF Lot

• Front House Consist of a 3-Bed/1-Bath House Delivered Vacant & Renovated & a 1-Bed/1-Bath Back House

• Detached Garage, Laundry Facilities, and Large Courtyard Garden Granting a Tranquil Private Back Yard Atmosphere for all Tenants

Property Downloads

  • City: Long Beach
  • State/county: CA
  • Country: United States

Detail

Updated on May 6, 2020 at 9:52 am

  • Price: $515,000
  • List Date: 1/21/2020
  • Sell Date: 3/27/2020
  • Property Size: 1120 Sq Ft
  • Land Area: 4881 Sq Ft
  • Year Built: 1913
  • Property Type: Duplex, Multifamily
  • Property Status: Sold
  • Numbers of Units: 2
  • GRM: 14.88
  • CAP RATE: 3.98%
  • Price per Unit: $247,500
  • Market GRM: 13.52
  • Market CAP RATE: 4.62%

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Contact info

Austin Longwell
Austin Longwell
(424) 781-4651(626) 408-4420
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Brett Lyon
Brett Lyon
(310) 880-5328(310) 780-1899
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Woody Stahl
Woody Stahl
(310) 880-0926(310) 710-3829
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