$2,580,000
About this home
1491 Atlantic Avenue is a newly built 5-unit multifamily investment opportunity located in Long Beach, CA. Built in 2022, the property offers a unique and diverse unit mix consisting of one studio, one 2-bed/2-bath unit, and three expansive 5-bed/3.5-bath townhome-style units across 6,845 rentable square feet. This versatile layout, combined with exceptionally large floor plans for the townhome units, allows the asset to appeal to a wide range of tenant profiles, from single professionals to families seeking additional space. As a modern, newly constructed building, the asset has been exceptionally well maintained and offers a stable operational profile with virtually zero near-term capital expenditure requirements. The property is equipped with premium contemporary amenities, including central air conditioning, energy-efficient solar panels, private balconies, and the security of controlled access and gated parking, with six garage spaces. Supporting long-term tenancy, the property is located adjacent to multiple local schools, making the larger townhome units highly attractive to families prioritizing educational proximity. Overall, 1491 Atlantic Avenue represents a rare opportunity to acquire a low-maintenance, turnkey asset in Long Beach, leveraging modern construction efficiencies, top-tier amenities, and an ideal neighborhood footprint to support consistent occupancy and strong operational performance.
Facts & features
- Heating
- Solar
- Laundry
- Washer Hookup, Gas Dryer Hookup
- Levels
- Three Or More
- Lot size
- 0.16 acres (6,969.6 sq ft)
- Pool
- None
- Year built
- 2022
- Parking spaces
- 6
- Area
- 9 - Poly High
- County
- Los Angeles
- Community features
- Curbs, Gutters, Street Lights, Sidewalks
- Status
- Active
- Property type
- Apartment
- Days on market
- 22
- Listed
- 2026-06-24
- Original price
- $2,850,000
- Terms
- Cash, Cash To New Loan, Conventional, Exchange 1031
- Parcel #
- 7269031017
- MLS #
- OC26138156
