CA > Long Beach > Downtown (Dt)
Long Beach, CA 90813,801 Atlantic Avenue
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Long Beach, CA 90813,801 Atlantic Avenue
Long Beach, CA 90813,801 Atlantic Avenue
Long Beach, CA 90813,801 Atlantic Avenue
Long Beach, CA 90813,801 Atlantic Avenue
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Mike Althof

Mike Althof

+1(619) 417-5766
$ 1,389,000
Est. payment /mo
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Active

801 Atlantic Avenue Long Beach, CA 90813

10 Beds

4 Baths

3,312 SqFt

UPDATED:

Key Details

Property Type Condo

Sub Type All Other Attached

Listing Status Active

Purchase Type For Sale

Square Footage 3,312 sqft

Price per Sqft $419

Subdivision Downtown (Dt)

MLS Listing ID SB25172724

Bedrooms 10

Full Baths 4

Year Built 1914

Property Sub-Type All Other Attached

Property Description

4 renovated units located in downtown Long Beach, fully leased with gross scheduled rents over $110,000 per year! 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 current owners have invested over $150,000 into property improvements, making it perfect for a turnkey investor. The property is individually metered for gas and electricity. 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!! Reach out today!

Location

State CA

County Los Angeles

Zoning LBCO

Direction E 8th St and Atlantic Ave

Interior

Interior Features Unfurnished

Heating Wall/Gravity

Fireplace No

Exterior

Parking Features None Known

View Y/N Yes

Water Access Desc Public

Roof Type Flat

Building

Story 2

Sewer Public Sewer

Water Public

Level or Stories 2

Others

Senior Community No

Tax ID 7274016016

Acceptable Financing Cash, Conventional, Exchange, FHA, VA, Cash To Existing Loan, Cash To New Loan

Listing Terms Cash, Conventional, Exchange, FHA, VA, Cash To Existing Loan, Cash To New Loan

Special Listing Condition Standard

MLS Router / San Diego MLS
Listed by Christopher Crosby Buckingham Investments, Inc
Mike Althof

Mike Althof

Broker Associate, Althof & Associates Team Lead | License ID: 01245962

+1(619) 417-5766

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