3948 Atlantic Ave, Long Beach, CA 90807

Property Description

BACK ON THE MARKET ***EXCELLENT BIXBY KNOLLS LOCATION!*** Smack in the middle of the sought after Atlantic Corridor… here is what the Bixby Knolls Business Improvement Association says: 
 A Business District convenient to both downtown Long Beach and downtown Los Angeles; what’s more, it’s minutes from the Long Beach Airport and a half hour from Los Angeles International Airport and Orange County’s John Wayne Airport. Bixby Knolls has been undergoing a true “renaissance” with many great partnerships with the City of Long Beach, city council offices, homeowner and neighborhood associations, and other community groups. It truly “takes a village” and Bixby Knolls continues to be an active and engaged community of business owners and residents. 
 The subject DUPLEX features two 1,470 SF units (2,940 SF total per tax roll) on 6,272 SF lot with 10 open concrete parking spaces off the alley at the rear. Both locations are currently operated by Boardwalk Properties – real estate offices… and the location is ideal for most commercial ventures! 
 Owner prefers approximately $500k down and will carry the balance at 5.5% interest fully amortized over 15 years! NO BALLOON PAYMENTS TO WORRY ABOUT!!! Fair market rents in the area have been quoted at $1.50 to $2 SF NNN. NOTE the new construction on the corner of Roosevelt & Atlantic... rumored at $3 SF. BE CREATIVE... seller will consider low (interest-only) initial monthly payments to help start-up.