801 Atlantic AVE Open House Save Request In-Person Tour Request Virtual Tour
Long Beach,CA 90813
OPEN HOUSE
Sun Jan 26, 10:00am - 2:00pm
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Downtown (Dt)
MLS Listing ID SB24159267
HOA Y/N No
Year Built 1914
Lot Size 3,001 Sqft
Property Description
$40,000 Price Reduction!! Attractively priced at 12.7 GRM, a 5.2% cap rate with upside, and gross scheduled rents of $112,620 per year. Three of the four units will be occupied. The 2-bedroom, 1-bath unit is ready for an owner to move in or for an investor to choose a tenant and secure market rent!
801 Atlantic Ave, Long Beach is a beautifully 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!
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Zoning LBCO
Interior
Heating Wall Furnace
Cooling None
Fireplaces Type None
Fireplace No
Laundry None
Exterior
Pool None
Community Features Curbs,Street Lights,Sidewalks,Urban
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7274016016
Acceptable Financing Cash,Cash to Existing Loan,Cash to New Loan,Conventional,Contract,Cal Vet Loan,1031 Exchange,FHA,Fannie Mae,Freddie Mac,VA Loan
Listing Terms Cash,Cash to Existing Loan,Cash to New Loan,Conventional,Contract,Cal Vet Loan,1031 Exchange,FHA,Fannie Mae,Freddie Mac,VA Loan
Special Listing Condition Standard