CA > Long Beach > Downtown (Dt)
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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$1,389,000
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10 Beds
4 Baths
3,312 SqFt
New

801 Atlantic Avenue Long Beach, CA 90813

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Patty Doyle

Patty Doyle

+1(619) 886-0321

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Key Details

Property Type Multi-Family

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

Tax ID 7274016016

Special Listing Condition Standard

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

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agent

Patty Doyle

Agent | License ID: 01507441

+1(619) 886-0321

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801 Atlantic Avenue

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