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1331 Atlantic Ave
For Sale $985,000 ($445.50 per Sq Ft)
$985,000 ($445.50 per Sq Ft)
- 2 Units
- 2,211 Sq Ft
- 6,909 Sq Ft
- Unknown Cap Rate
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.
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
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $985,000 |
| Property Type | Flex Space |
| Usable Sqft | 2,211 |
| Number of Stories | 1 stories |
| Parking Spots | 0 spots |
| Year Built | 1911 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| HOA Fees: | $0 |
| Association Name: | Unknown |
| Association Amenities: | Unknown |
| APN # | 7269029014 |
| MLS # | OC25048259 |
| Property ID | 321327537 |
| Lot Sqft | 6,909 |
| Zoning | LBCO |
| Total Units | 2 |
| Days on Market | 296 |
| Original List Price | $985,000 |
| Applicances | Dishwasher,Gas Oven,Microwave,Dryer,Washer% |
| Date Updated | September 30, 2025 |
| Date Created | March 05, 2025 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Khosrow Shirzad an agent of . Lic #01061078
© 2025 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of September 30, 2025 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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Robert Crawford
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