801 Atlantic Avenue, Long Beach, CA 90813

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Glen Henderson

[email protected] +1(619) 889-7646

$1,389,000

Est. payment - /mo

10 Beds

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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 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

Tax ID 7274016016

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Listed by Christopher Crosby Buckingham Investments, Inc

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Glen Henderson

+1(619) 889-7646

Broker Associate | CA BRE #01384181

Broker Associate CA BRE #01384181

San Diego Communities

801 Atlantic Avenue Long Beach, CA 90813

Glen Henderson

Key Details

Location

Interior

Exterior

Building

Others

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