$1,435,000
For Sale

801 Atlantic Avenue

Long Beach, CA 90813
3312 sqft | 10 beds | 4 baths | 0.07 acres | #SB24227269
Listing OfficeBuckingham Investments, Inc
Browse 19 photos
Type:Purchase
Structure:Townhouse
Zone:Residential

Description

$40,000 Price Reduction!! Attractively priced at 12.7 GRM, a 5.2% cap rate with upside, and gross scheduled rents of $112,620 per year. Three of the four units will be occupied. The 2-bedroom, 1-bath unit is ready for an owner to move in or for an investor to choose a tenant and secure market rent!
801 Atlantic Ave, Long Beach is a beautifully renovated 4-unit multifamily property perfect for both investors and owner-occupants. 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!

  • Property Details
      • InteriorBedroomOnMainLevel, MainLevelPrimary
      • School DistrictLong Beach Unified
      • Lot DescriptionZeroToOneUnitAcre
      • SubdivisionDowntown (DT)
      • Sewer InformationPublicSewer
      • CountyLos Angeles
      • Original List Price$1,475,000
      • MLS #SB24227269
      • Property SubtypeQuadruplex
      • MLS #SB24227269
      • Structure TypeQuadruplex
      • Property TypePurchase
      • Cost1435000
      • Acres0.0689
      • Utility SourcePublic
      • Square Feet3312
      • Year Built1914
      • Bedrooms10
      • Bathrooms4
      • Full Baths4
      • Stories2

Location

Premiere HomesReal Estate Group

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