Property Description

**SELLER OFFERING $15,000 TOWARDS INTEREST RATE BUY-DOWN FOR BUYER** 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, 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 13.0 GRM, a 5.0% cap rate, and an 8% 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!

Features
: Wall Furnace
: No Air Conditioning
: No Hookups
Address Map
CA
Los Angeles
Long Beach
90813
801 Atlantic Avenue
0
E0° 0' 0''
N0° 0' 0''
E 8th St and Atlantic Ave
MLS Addon
Buckingham Investments, Inc
Christopher Crosby
chris.crosby@buckinghaminvestments.com
CR364628826
CR132256
: Public

Residential Income For Sale

801 Atlantic Avenue, Long Beach, California 90813

3,312 Sqft
$1,475,000
Listing ID #CRSB24159267
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : CRSB24159267
Price : $1,475,000
Square Footage : 3,312 Sqft
Year Built : 1914
Lot Area : 3,001 Sqft
Status : Active
Property SubType : Quadruplex
Agent info
Michael Roberts
Contact Agent