REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,389,000
Est. payment /mo
Active
801 Atlantic Avenue Long Beach, CA 90813
10 Beds
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision Downtown (Dt)
MLS Listing ID SB25164581
Bedrooms 10
Property Sub-Type Res Income 2-4 Units
Property Description
4 renovated units located in downtown Long Beach, with gross scheduled rents over $110,000 per year! Attractively priced at 12.47 GRM and a 5.3% cap rate with upside to 10.15 GRM and 7.0% pro forma cap rate!! The current owners have invested over $150,000 into property improvements, making it perfect for a turnkey investor. The property has an attractive unit mix of (2) 3-bedroom 1-bath units and (2) 2-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! The property is individually metered for gas and electricity. Reach out today!
Location
State CA
County Los Angeles
Zoning Public Rec
Direction E 8th St and Atlantic Ave
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 7274016016
Acceptable Financing Cal Vet, Cash, Conventional, Exchange, FHA, VA
Listing Terms Cal Vet, Cash, Conventional, Exchange, FHA, VA
Listed by Christopher Crosby Buckingham Investments, Inc