3-Bedroom Residential - 1331 Atlantic Avenue, Long Beach, CA

Description

RARELY AVAILABLE. Centrally located and recently renovated CRAFTSMAN home with front commercial rented unit. Only steps from transportation, shopping, St. Mary’s hospital, schools (Poly Tech), and many other amenities. Close to LB City College, 710 and 405 freeways. This 4 bedroom house (County shows 3 Bedrooms - Den was converted to 4th bedroom) was fully remolded in 2016 and renovated again in 2023 and 2025. Newer roof, double pane windows, kitchen with quartz countertop, W/D included, newer central furnace, fully fenced, plus many other upgrades. One bedroom has a separate entry and can be used as an office or…. Fireplace not functional. Commercial unit has ductless AC. Commercial unit is currently used as a hair salon but can be converted to an ADU. Per City, a secondary ADU is also permissible. NOT SUBJECT TO RENT CONTROL. DO NOT DISTURB TENANTS Parking: Up-to 4 vehicles in the backyard for residential plus 3 additional slots for commercial. Do not disturbed tenant. Unique side and back alleys. Large yard is left unfinished for new owner to re-do (i.e. ADU). BONUS 1: Oil and gas royalties are included in the sale. BONUS 2: Recent RMU4 Zoning (Residential Mixed Use) allows for unrestricted density and up-to 5 stories + any ADU allowances. Parking will be optional for a new development. Buyer must confirm with the City. Also see OC25048265 & OC25046753. The information provided here is deemed reliable but is not guaranteed. Buyer is advised to independently verify any and all information related to the property. Owner/Agent

Property details

Location

1331 Atlantic Avenue • Long Beach, CA 90813

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Listed by

Khosrow Shirzad · Khosrow Shirzad, Broker