801 Atlantic Avenue
Long Beach, CA, 90813
$1,495,000
Beds
0 Baths
SqFt
0.07 Acres
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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 including new flooring, cabinetry, Quartz countertops, light fixtures, wall heaters, 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 13.2 GRM, a 4.9% cap rate, and an 8% upside in rents. Additionally, unit 807 (3bd 1ba) will be available at close of escrow, ideal for an owner-occupant or investor to select their tenant and capture market rent!

Property Details

Price:
$1,495,000
MLS #:
SB24159267
Status:
Active
Baths:
0
Address:
801 Atlantic Avenue
Type:
Residential Income
Subtype:
Quadruplex
Subdivision:
Downtown DT
Neighborhood:
4downtownareaalamitosbeach
City:
Long Beach
Listed Date:
Jul 31, 2024
State:
CA
ZIP:
90813
Lot Size:
3,001 sqft / 0.07 acres (approx)
Year Built:
1914
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2
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801 Atlantic Avenue
Long Beach, CA