5949 Atlantic Avenue
Property Description
Excellent Investment Opportunity - Triplex with ADU Potential! Welcome to this versatile triplex with ADU potential, ideally situated in a highly desirable rental area in Long Beach. This property presents an excellent opportunity for investors seeking to expand their portfolio or owner-occupants looking for rental income to offset costs. The front of the property features a very spacious, updated barbershop with modern finishes and a big screen TV, creating an inviting and contemporary space. Toward the rear of the building are two one-bedroom units, both featuring select upgrades and offering additional rental income potential. Adding more value is a large two-car garage with high ceilings, presenting exciting potential for a future ADU. In addition, the property offers four parking spaces, adding convenience and always a valuable commodity. With new construction homes just one block away, this property presents an investment opportunity in a neighborhood experiencing continued development. Conveniently located, it is minutes from Bixby Knolls, Trader Joe's, shopping, parks, and easy freeway access. With existing rental income, ample parking, and the potential to further maximize the property's value, this triplex offers flexibility and exciting possibilities and is a great opportunity for both investors and owner-occupants seeking long-term growth.For more information or to schedule a showing, contact Denise
Broker Details
Keller Willliams Pacific Estates (562) 513-7856
MLS ID: PREESDEN State License Number: 01411207
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $879,000 |
| No. of Units: | 3 |
| Year Built: | 1959 |
| Opportunity Zone: | No |
| Price per unit: | $293,000 |
| Number of Bedrooms: | 2 |
| Number of Bathrooms: | 3 |
ID: 3yd-MRMLSCA-PW26218245
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