3290 Atlantic Ave

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3290 Atlantic Ave

Long Beach, CA 90807
Asking Price
$3.71M
Asset Type
Retail
Class
Class B

What's Special

3290 Atlantic Avenue is located in the Bixby Knolls neighborhood of Long Beach, California. The property sits along a primary north-south commercial corridor characterized by a mix of established local businesses, professional services, and mid-century architecture. The site is situated less than one mile from the San Diego Freeway (I-405) and the Long Beach Freeway (I-710), providing regional regional connectivity. Local amenities include the nearby Long Beach Memorial Medical Center and various grocery-anchored shopping centers. The area is served by several Long Beach Transit bus lines, ensuring consistent accessibility for commuters and local residents. The property is suited for retail operators seeking a high-visibility storefront within a densely populated urban environment. Ideal use cases include boutique shops, neighborhood-serving convenience stores, or specialty service providers such as salons or fitness studios. Given its proximity to major healthcare facilities and residential pockets, the location is also appropriate for walk-in medical clinics or quick-service food and beverage establishments. The typical tenant profile includes small to mid-sized businesses looking to leverage the steady vehicular traffic and pedestrian activity inherent to the Atlantic Avenue corridor.

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NOI
$80,000
Cap Rate
2.15%
DSCR
0.36
Underwater
Cash-on-Cash
-12.61%
Monthly Payment
$18,379.793
Annual Cash Flow
$-140,557.516

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