Log In/Sign Up
Your email has been sent.
1050-1052 Atlantic Ave 3,089 SF 36% Leased Retail Building Long Beach, CA 90813 $1,653,576 CAD ($535.31 CAD/SF) 6.45% Cap Rate
Investment Highlights
- Rare two-unit Long Beach commercial asset with income, vacant-space flexibility, and future mixed-use redevelopment potential
- Unit 1052 is a former medical office with capped sinks and office-style rooms, offering flexibility for medical, wellness, nonprofit, or office use
- Seller plans by Environ show a potential 3-story, 4-unit mixed-use affordable project, subject to City approval and buyer verification
- Unit 1050 is leased to Atlantic Plaza Pharmacy, while Unit 1052 offers ±1,989 SF for lease-up, owner-user use, or repositioning
- Vacant unit may suit an owner-user benefiting from pharmacy income; buyer to verify SBA eligibility, occupancy, and lender requirements
- 6,098 SF lot with long-term mixed-use or affordable redevelopment potential, subject to zoning, parking, affordability, and City approvals
Executive Summary
1050–1052 Atlantic Ave presents a flexible Long Beach commercial investment opportunity with existing income, owner-user potential, and long-term redevelopment optionality. The property consists of one single-story building totaling approximately 3,089 SF on approximately 6,098 SF of land, with two commercial units, 8 parking spaces, and a flat site configuration.
Unit 1050 is currently leased to Atlantic Plaza Pharmacy, providing in-place income, while Unit 1052 is vacant and offers approximately 1,989 SF of flexible space for lease-up, owner-user occupancy, or repositioning. Unit 1052 was previously used as a medical office with exam rooms and sink locations, which have since been capped and converted into office-style rooms. The property also includes a seller-reported rear studio-style flex area with a bathroom, included within the total building square footage, which may provide additional flexibility subject to buyer verification.
The property is zoned LBCO and sits on a flat parcel with wood-frame construction and a maintained roof. Ownership has also explored preliminary mixed-use affordable housing redevelopment concepts for the site, creating a potential opportunity for a buyer to evaluate continued commercial use, owner-user occupancy, income stabilization, or future development, subject to City of Long Beach approvals and buyer due diligence.
Unit 1050 is currently leased to Atlantic Plaza Pharmacy, providing in-place income, while Unit 1052 is vacant and offers approximately 1,989 SF of flexible space for lease-up, owner-user occupancy, or repositioning. Unit 1052 was previously used as a medical office with exam rooms and sink locations, which have since been capped and converted into office-style rooms. The property also includes a seller-reported rear studio-style flex area with a bathroom, included within the total building square footage, which may provide additional flexibility subject to buyer verification.
The property is zoned LBCO and sits on a flat parcel with wood-frame construction and a maintained roof. Ownership has also explored preliminary mixed-use affordable housing redevelopment concepts for the site, creating a potential opportunity for a buyer to evaluate continued commercial use, owner-user occupancy, income stabilization, or future development, subject to City of Long Beach approvals and buyer due diligence.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,089 SF
Building Class
C
Year Built
1953
Price
$1,653,576 CAD
Price Per SF
$535.31 CAD
Cap Rate
6.45%
NOI
$106,656 CAD
Percent Leased
36%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.51
Lot Size
0.14 AC
Zoning
LBCO - Commercial
Parking
8 Spaces (2.65 Spaces per 1,000 SF Leased)
Frontage
60’ on Atlantic Ave
Amenities
- 24 Hour Access
- Fenced Lot
- Air Conditioning
Very walkable
80/100
Exceptionally drivable
90/100
Good public transit
70/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 7274-013-006 | Improvements Assessment | $586,508 CAD |
| Land Assessment | $844,000 CAD | Total Assessment | $1,430,508 CAD |
Property Taxes
Parcel Number
7274-013-006
Land Assessment
$844,000 CAD
Improvements Assessment
$586,508 CAD
Total Assessment
$1,430,508 CAD
1 of 18
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
1050-1052 Atlantic Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.