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801 ATLANTIC AVE LONG BEACH, CA 90813
- Commercial / Resale (MLS)
Property Details for 801 ATLANTIC AVE, LONG BEACH, CA 90813
Features
- Price/sqft: $445
- Lot Size: 3001 sq. ft.
- Total Units: 4
- Total Rooms: 11
- Room List: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Kitchen, Living Room
- Stories: 1
- Roof Type: FLAT
- Construction Type: Wood
- Exterior Walls: Stucco
Facts
- Year Built: 01/01/1914
- Property ID: 906665364
- MLS Number: SB24227269
- Parcel Number: 7274-016-016
- Property Type: Commercial
- County: LOS ANGELES
- Legal Description: LONG BEACH E 60 FT OF S 50 FT OF LOT/SEC 4 BLK/DIV/TWN 21
- Zoning: LBCO
- Listing Status: Active
Sale Type
This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.
Description
This listing is NOT a foreclosure. 4-unit property, live in one unit and let the remaining 3 units pay your mortgage! Perfect for an investor looking for a renovated multifamily in a downtown location with high rental demand. 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% cap rate, and 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!
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Property Brokerage:
Buckingham Investments, Inc.
1304 El Prado Ave Ste C
Torrance
CA
90501
Copyright © 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
All information provided is deemed reliable, but is not guaranteed and should be independently verified.