$1,490,000
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801 Atlantic Avenue Long Beach, CA 90813
Fourplex
Residence
Beds
Baths
...
Bed/Bath
3,312
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
Welcome to 801 Atlantic Ave, Long Beach, CA – a stunningly 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 includ...ing 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 13.16 GRM, a 5.0% cap rate, and an 7% 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!
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MLS#
SB24159267
Property Type
Fourplex
Year Built
1914
Square Feet
3,312
sq. ft
Lot Size
0.07
Stories
2.0
Sewer
Public Sewer
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