11
See all 11 photos
$3,200,000
Est. payment /mo
6,098 Sqft Lot
New
1101 Atlantic #1101-1109 Long Beach, CA 90813
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
01/20/2025 02:27 AM
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW25013297
HOA Y/N No
Year Built 1930
Lot Size 6,098 Sqft
Property Description
1109 Atlantic Ave: A single-family home built in 1913, with approximately 1,136 square feet, on a lot size of 5,982 square feet. It has 3 bedrooms and 2 bathrooms with numerous upgrades.
1101 Atlantic Ave: This is a multi-family property with a large 4,220 square foot structure built in 1942, featuring 9 units, for multi-occupancy living.
Residential Development or Renovation;1109 Atlantic Ave could be renovated or rebuilt to serve modern housing needs, potentially increasing its value and appeal.
1101 Atlantic Ave offers a significant opportunity for multi-family housing, either through renovation or complete redevelopment into more modern apartment units. The existing structure already provides a foundation for multi-unit housing.
Billboard: The property notably features a billboard, adding a unique revenue stream or advertising opportunity.
Advertising Income: Leasing space on the billboard to businesses can provide a steady income stream. Given its location on Atlantic Boulevard, visibility is likely high, making it an attractive spot for advertisers.
Development Leverage: The billboard could be a key factor in negotiations or partnerships with developers or media companies interested in digital or physical sign advertising.
Mixed-Use Development: Considering the zoning and the nature of Atlantic Boulevard, there's potential for mixed-use projects combining residential with commercial spaces. Retail at street level with residential above could cater to the neighborhood's needs.
This property, with its residential structures and unique billboard feature, presents a multifaceted opportunity for investors, developers, or those looking to leverage both housing and advertising income in a vibrant part of Long Beach.
1101 Atlantic Ave: This is a multi-family property with a large 4,220 square foot structure built in 1942, featuring 9 units, for multi-occupancy living.
Residential Development or Renovation;1109 Atlantic Ave could be renovated or rebuilt to serve modern housing needs, potentially increasing its value and appeal.
1101 Atlantic Ave offers a significant opportunity for multi-family housing, either through renovation or complete redevelopment into more modern apartment units. The existing structure already provides a foundation for multi-unit housing.
Billboard: The property notably features a billboard, adding a unique revenue stream or advertising opportunity.
Advertising Income: Leasing space on the billboard to businesses can provide a steady income stream. Given its location on Atlantic Boulevard, visibility is likely high, making it an attractive spot for advertisers.
Development Leverage: The billboard could be a key factor in negotiations or partnerships with developers or media companies interested in digital or physical sign advertising.
Mixed-Use Development: Considering the zoning and the nature of Atlantic Boulevard, there's potential for mixed-use projects combining residential with commercial spaces. Retail at street level with residential above could cater to the neighborhood's needs.
This property, with its residential structures and unique billboard feature, presents a multifaceted opportunity for investors, developers, or those looking to leverage both housing and advertising income in a vibrant part of Long Beach.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Interior
Heating Natural Gas
Cooling Central Air
Fireplace No
Laundry None
Exterior
Present Use Multi-Family
Building
Lot Description 6-10 Units/Acre, Corner Lot
Story 2
Water Public
Others
Tax ID 7274001026
Special Listing Condition Standard
Listed by Kadiha Argumedo • Partners Real Estate Group
GET MORE INFORMATION