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1101 Atlantic Ave, Long Beach, CA 90813
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1101 Atlantic Ave Long Beach, CA 90813

$2,700,000
  • 12 Beds
  • 10 Baths
  • 5,356 Sq.Ft.
For Sale
$2,700,000 Get Pre-Qualified
Map preview of 1101 Atlantic Ave, Long Beach, CA 90813

Property Overview: 1101 Atlantic Ave Long Beach, CA has 12 bedrooms, 10 bathrooms, 5,356 living square feet and 11,795 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: AMAZING COMMERCIAL INCOME OPPORTUNITY! 1101-1109 Atlantic, prime corner lot in downtown Long Beach. A developer's dream, 2 separate buildings in one lot, 5 units 1 bed/1 bath each, 1 studio and a duplex with 2 beds/1 bath. Totaled of 8 units on the first parcel and the second parcel has a 3 beds/ 2 baths house. 2 separate parcels will be sold as one. Building is right across from Dignity Health St. Mary Medical hospital. Close to shopping plaza, plenty of authentic restaurants, and freeways. Steady fix and potential growth rental income yearly. Opportunity to develop the 2 parcels into a 4-5 stories apartment building that could produce a huge income profit.

Listed by Benny Huynh | BRE #01756802 | Advance Estate Realty
Co-listed by Minh Pham | BRE #01924281 | Advance Estate Realty
Last checked: 3 minutes ago | Last updated: May 3rd, 2024 | Source CRMLS | DOM: 15
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Home details

Lot Sq. Ft
11,795
HOA Dues
$0/mo
Year built
1942
Garage
--
Property Type:
Mixed Use
Status
Active
MLS#
OC24077224
City
Long Beach
County
Los Angeles
Time on Site
15 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 9
  • Total # of Buildings: 2
  • # of Leased Units: 9
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $1,300
  • Total Rent: --
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $1,300
  • Total Rent: --
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Actual Rent: $1,600
  • Total Rent: --
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $1,300
  • Total Rent: --
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $1,300
  • Total Rent: --
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $1,300
  • Total Rent: --
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Actual Rent: $2,700
  • Total Rent: --
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $1,300
  • Total Rent: --
Unit Breakdown 9
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $1,300
  • Total Rent: --
Property Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: --
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 1101 Atlantic Ave

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Property Details for 1101 Atlantic Ave

Interior Features
Laundry Information
  • None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Total # of Units: 9
  • Parcel Number: 7274001026
  • Entry Level: 1
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Corner of Atlantic and W10th st
View more facts & features

Local Long Beach Agent

Sale History for 1101 Atlantic Ave

Last sold for $1,100,000 on December 27th, 2006

  • April, 2024

  • Apr 20, 2024

    Date

    Active

    CRMLS: OC24077224

    $2,700,000

    Price

  • February, 2024

  • Feb 15, 2024

    Date

    Canceled

    CRMLS: OC24025504

    $2,600,000

    Price

  • Feb 4, 2024

    Date

    Active

    CRMLS: OC24025504

    $2,600,000

    Price

  • Listing provided courtesy of CRMLS

    Huge income opportunity for anyone that's looking to become an investor or to live in one and rent out the others. Featured 4 beds/2 bath home, 3 units consist of 2 beds/1 bath each, 2 units consist of 1 bed/1 bath each, and 3 charming studios. Has separate water and electrical meters, in heart of Long Beach beside , front lot with development opportunities. Contact us before it's gone.

  • January, 2024

  • Jan 18, 2024

    Date

    Expired

    CRMLS: PW23020546

    $3,495,000

    Price

  • Feb 16, 2023

    Date

    Active

    CRMLS: PW23020546

    $3,495,000

    Price

  • Listing provided courtesy of CRMLS

    Opportunity to acquire a 9-unit apartment complex in the Mid-City redevelopment area with outstanding added value upside. This Commercially zoned (LBCO) corner location covers two parcels totaling 11,795 square feet directly across from Dignity Health's St. Mary's Medical Center providing excellent potential for medical building and/or office development. The existing rental units consist of (1) studio, (4) one-bedroom/1 bath, and (4) two-bedroom/combination of 1 & 2 baths. Eight units with one parking space, One unit with two car garage.

  • December, 2006

  • Dec 27, 2006

    Date

    Sold (Public Records)

    Public Records

    $1,100,000

    Price

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Tax History for 1101 Atlantic Ave

Assessed Value (2020): $809,194
Year Land Value Improved Value Assessed Value
2020 $441,019 $368,175 $809,194

Home Value Compared to the Market

This property vs the competition

1101 Atlantic Ave is listed 237.92% higher than the median list price for the city of Long Beach which has a median list price of $799,000. The median price per/sqft for Long Beach is $645 and this home is listed at $504.11 per/sqft which puts the price per square foot 21.84% lower than the median price per square foot for the city of Long Beach.

About 1101 Atlantic Ave

Detailed summary of property

1101 Atlantic Ave is a mixed use located in Long Beach, CA 90813 and is currently for sale. This mixed use property offers 12 bedrooms, 10 bathrooms, roughly 5,356 living square feet, and sits on an approximately 11,795 square foot lot. 1101 Atlantic Ave was first listed on ArdentRealEstateGroup.com on April 20, 2024. The homeowner is currently asking $2,700,000. The median priced home in Long Beach is $799,000 with a median price per square foot of $645. Based on Ardent Real Estate Group's Long Beach Market Data, this home is listed 237.92% higher than the median priced home. Local competing homes currently for sale include 13017 S Broadway, 9101 S Alameda St and 10721 S Broadway. While the average home in Long Beach, CA is selling in 53 days, 1101 Atlantic Ave has a days on market of 15 days. There are currently 627 homes for sale in the Long Beach real estate market and 356 of them are single family homes while 258 of them are condos and 13 are townhomes. For more information on this home for sale at 1101 Atlantic Ave Long Beach, CA 90813 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 1101 Atlantic Ave

Public county record property details
Beds
--
Baths
--
Year built
1942
Sq. Ft.
4,220
Lot Size
5,812
Stories
1
Type
Commercial/Office/Residential (Mixed Use)
Pool
No
Spa
No
County
Los Angeles
Lot#
22
APN
7274-001-026

The source for these homes facts are from public records.

90813 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$629,000
Median List Price/Sq.Ft.
$546
Median Sold Price
$584,000
Median Sold Price/Sq.Ft.
$592
Total Inventory
30
Median Sale to List Price %
108.35%
Avg Days on Market
23
Loan Type
Conventional (80%), FHA (10%), VA (10%), Cash (0%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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