1844 Atlantic Avenue
Long Beach, CA, 90806 $ 1,100,000
Baths0.0 Sq 4,554 Monthly Estimate*
$ 6,946
Listed by eXp Realty of California, Inc
Studio for $1,100,000. This 4,554 square foot home was built in 1920 on a lot size of 0.1123.
Rarely does a mixed-use property offer this much flexibility, visibility, and income potential. Positioned along a highly visible stretch of Atlantic Avenue with 30,000+ vehicles passing by each day, this unique property combines three street-facing commercial spaces, residential living, and a recently completed garage-conversion ADU into one compelling opportunity. For the income-focused investor, multiple existing revenue streams create a strong foundation, with three commercial spaces plus residential income and additional upside as rents and occupancy are optimized over time. With several different income sources under one roof, this is the kind of asset that offers diversification, flexibility, and plenty of ways to enhance long-term value. The original three-bedroom, three-bath residence is currently being used as a two-bedroom, two-bath living area and a one-bedroom, one-bath living area, creating added versatility within the residential portion of the property. Behind it, the recently completed garage-conversion ADU offers approximately 1,200 square feet with two bedrooms plus an office/bonus room, two baths, laminate flooring, quartz countertops, wall-mounted air conditioning, and two parking spaces. Three separate exterior doors provide exceptional access and added flexibility in how the space can be occupied and enjoyed. Freshly finished and currently vacant, it offers an immediate opportunity for additional rental income or owner occupancy. That flexibility creates several compelling ways to make the property work. An investor can benefit from diversified commercial and residential income. An owner-occupant may choose to live on-site while the remaining income-producing portions help offset ownership costs. A business owner could occupy one of the retail spaces while benefiting from income generated elsewhere on the property. And for the live-work buyer, the ability to live and operate a business from the same property is especially hard to replicate. Add in the exposure of Atlantic Avenue, three commercial storefronts, multiple existing tenants, a freshly completed ADU, and the ability to combine business, residential, and investment uses in one location, and the opportunity becomes even more compelling. High visibility. Multiple income streams. Owner-user potential. Live-work flexibility. And more than one way to unlock the value. This is not a one-size-fits-all property. That is exactly what makes it so interesting.
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FeaturesGeneralSewer Public Sewer
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Roof Other
Zoning LBPD25
HOA Fee 0
Garage Spaces 0
Pool Features None
Construction Materials Stucco
Year Built 1920
Stories Count 1
Levels One
Property Subtype Mixed Use
Gross Income 116340
Community Features Curbs Street Lights Sidewalks
County Los Angeles
Net Operating Income 112640
Operating Expense 3700
Insurance Expense 2500
New Construction false
Property Type Residential Income
HOA false
Subdivision Name Poly High (PH)
Garage Y/N false
Special Listing Conditions Standard
Status Active
Directions North East side of PCH and Atlantic
City Long Beach
Entry Location 1
Senior Community Y/N false
Open Parking Spaces 2
Number Of Units Total 6
MLS Area 9 - Poly High
Lot Size Units Square Feet
Lot Size Square Feet 4890
Listing Terms Cash Cash to New Loan Conventional Contract
Spa Features None
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 1200
Additional Parcels Y/N false
Rent Control Y/N false
Virtual Tour https://www.zillow.com/view-imx/cd2b7aa6-e410-4253-ad27-8fc2cbd6b23f?wl=true&setAttribution=mls&initialViewType=pano
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 1
Property Sub Type Additional Mixed Use
Cap Rate 10.24
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InteriorInterior Amenities Ceiling Fan(s) High Ceilings Quartz Counters All Bedrooms Down Bedroom on Main Level
Total Stories 1
Common Walls 2+ Common Walls
Air Conditioning Y/N true
Heating Y/N true
Laundry Features Common Area Inside
Entry Level 1
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ExteriorParking Features Assigned One Space Uncovered
Lot Features Level
Water Source Public
Total Parking 2
Lot Size Area 4890
Number of Buildings 1
Spa false
Building Area Total 4554
Lot Size Acres 0.1123
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 1
Number of Separate Electric Meters 1
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* Excluded FeaturesList ByExp Realty Of California, IncBroker
Affordability Calculator
- Monthly Principal & Interest
- $6,946
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Long Beach, CA
Average List Price $1,914,872
Percent of Sale Price 74%
About Long Beach, CA 470,090 Population
2% Since 2002
$ 57,916 Median Income
35.78 Median Age
30% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/31/2026 | $1,100,000 | | Listed Price |