Long Beach, CA 90813,801 Atlantic AVE
Long Beach, CA 90813,801 Atlantic AVE
Long Beach, CA 90813,801 Atlantic AVE
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$1,435,000
Est. payment /mo
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3,001 Sqft Lot
Price Dropped by $40K

801 Atlantic AVE Long Beach, CA 90813

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OPEN HOUSE

Sun Jan 26, 10:00am - 2:00pm

UPDATED:

01/23/2025 03:57 AM

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


California Regional MLS (CRMLS)
Listed by Christopher Crosby • Buckingham Investments, Inc • 650-549-4849

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agent

Julia Pickslay

Agent | License ID: 02130149

+1(650) 862-2655

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