$1,475,000
801 Atlantic Ave, Long Beach, CA 90813
- 10Beds
- 4Baths
- 3312SqFt
- 10Beds
- 4Baths
- 3312SqFt
- Property TypeCondo
- Year Built1914
- Price per Sqft$445
- On highrises0 Days
Open Houses
Property Details
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
Property History
Neighborhood
Environmental Risk
Nearby Home Values
- Presented by:
- Christopher Crosby
- state license#02116879
- Brokered by:
- Buckingham Investments, Inc
- (310) 982-7055