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Presented by: Buckingham Investments, IncPowered by Highrises
For Sale

$1,475,000

801 Atlantic Ave, Long Beach, CA 90813

  • 10Beds
  • 4Baths
  • 3312SqFt
  • 10Beds
  • 4Baths
  • 3312SqFt
  • Property Type
    Condo
  • Year Built
    1914
  • Price per Sqft
    $445
  • On highrises
    17 Days

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Property Details

SELLER OFFERING $15, 000 TOWARDS INTEREST RATE BUY-DOWN FOR BUYER 4-unit property, live in one unit and let the remaining 3 units pay your mortgage! Perfect for an investor looking for a renovated multifamily in a downtown location with high rental demand. The property has an attractive unit mix of (2) 2-bedroom 1-bath and (2) 3-bedroom 1-bath units. All 4 units have been meticulously renovated in 2023 including new flooring, cabinetry, Quartz countertops, light fixtures, wall heaters, water heater, sinks, appliances, blinds, and fresh paint. The property boasts a completely upgraded electrical system in 2023, including a full re-wire, new main service panel, and sub panels, as well as a 2024 Silicone white roof! Enjoy gross scheduled rents of $113, 220 per year, a 13.0 GRM, a 5% cap rate, and upside in rents. Additionally, unit 807 (3bd 1ba) and unit 803 (2bd 1ba) will be available at close of escrow, ideal for an owner-occupant or investor to select their tenant and capture market rent!

Property Features

Bedrooms

  • Bedrooms: 10
  • Bedrooms On Main Level: 6
  • Presented by:
  • Christopher Crosby
  • state license#02116879

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