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Millman Team Real Estate

$2,250,000
0.16 Acre Lot

1491 Atlantic Avenue, Long Beach, California 90813

  • Residential Income Property Type
  • 2022 Year Built
Property Description

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.

Basic Details
Residential Income
For Sale
OC26138156
$2,250,000
2022
0.16 Acre
Active Under Contract
Apartment
Features
: None
: Solar
: Washer Hookup, Gas Dryer Hookup
: Public Sewer
$0
Address Map
CA
Los Angeles
Long Beach
Poly High (PH)
90813
Atlantic
1491
Avenue
W119° 48' 52.6''
N33° 47' 7.8''
Cross Streets of Atlantic Avenue & East 15th Street
9 - Poly High
Additional Information
$0
$0
$0
$0
$0
6845
: Sidewalks, Street Lights, Curbs, Gutter(s)
1
6.0
: Three Or More
: Street Level
5
2026-06-24
2350000
3
: Public
Broker/Agent Information
Marcus & Millichap RE Invest
Tyler Leeson
Listing Information
OCLEESTYL
H05626
Cash, Cash to New Loan, Conventional, 1031 Exchange
Active Under Contract
2026-10-22T20:22:50Z
CRMLS
: Standard
2026-10-22T13:13:03Z
Agent info
Jon Millman
21250 Hawthorne Blvd, Suite 750, Torrance, CA 90503
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