Properties

Long Beach, CA 90806 2536 Atlantic Avenue

Pending
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Presented By: John 'Jack' McCann with Lyon Stahl Investment Real Estate, Inc.;
  • MLS# 26664953
  • 03/16/2026
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  • Beds • 4
  • Baths • 1
  • SQFT • 3,672

Home Details

2536 Atlantic Avenue is a well-located four-unit multifamily property situated in a strong rental corridor of Long Beach. Originally built in 1929, the property features four spacious 2-bedroom / 1-bath units, each approximately 918 square feet, offering a highly desirable unit mix that continues to see strong demand among local renters. The property has undergone extensive recent upgrades, including new exterior paint, replaced deck wood, new windows, upgraded electrical panels, new front doors, and interior wood improvements. Three of the four units have been remodeled, and two units feature energy-efficient mini-split HVAC systems, providing modern comfort for tenants while reducing future capital expenditure needs. Three of the four primary units are currently occupied, generating $7,100 in monthly rental income, while Unit #2 is vacant, creating immediate opportunity for a new owner to lease at market rents. Current rents range from $1,550 to $2,850, with comparable units in the area achieving approximately $2,900 per unit, offering significant rental upside through lease-up and market adjustments. The property also includes an additional 1-bedroom / 1-bath ADU structure, currently vacant and not included in the official rent roll, presenting further income potential subject to buyer verification. Each unit benefits from in-unit laundry and garage plus on-site parking, attractive amenities that support strong tenant demand. Utilities are largely tenant-paid, with tenants responsible for gas and electricity and covering electricity charges exceeding $200 per month, helping keep operating expenses manageable. With one vacant unit ready for lease-up, a potential ADU income opportunity, and strong in-place upgrades, 2536 Atlantic Avenue presents a compelling opportunity for both investors and owner-users seeking a well-maintained asset with immediate upside in one of Long Beach's strongest rental corridors.
Presented By: John 'Jack' McCann with Lyon Stahl Investment Real Estate, Inc.;

Interior Features for 2536 Atlantic Avenue

Bedrooms

Total Bedrooms4

Bathrooms

1/4 Baths0
3/4 Baths0
Half Baths
Total Baths4

Other Interior Features

Heating Y/NYes
Total Stories

General for 2536 Atlantic Avenue

Cap Rate6.3
CityLong Beach
CountyLos Angeles
DirectionsOn Atlantic Ave
Full Baths
Gross Income120000
HOANo
HeatingWall Furnace
LevelsMulti/Split
Living Area3672
Lot Size Square Feet6273
Lot Size UnitsSquare Feet
MLS Area9 - Poly High
Net Operating Income78786
New ConstructionNo
Number Of Units Total4
PostalCityLONG BEACH
Property TypeResidential Income
Rent Control Y/NYes
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusPending
StatusPending
Year Built1929
ZoningLBPD25

Exterior for 2536 Atlantic Avenue

Building Area Total3672
Lot Size Acres0.144
Lot Size Area6273
Number of Buildings1
Parking FeaturesNone
Total Parking10

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Connect Realty

Price $1,250,000
MLS#26664953
List Date 03/16/2026
Property Type Multi-Family
Phone 888.795.6274
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