801 Atlantic Avenue Active Save Request In-Person Tour Request Virtual Tour
Long Beach,CA 90813
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 3,312 sqft
Price per Sqft $433
Subdivision Downtown
MLS Listing ID SB-24159267
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
Zoning LBCO
Interior
Heating Wall Furnace
Cooling None
Fireplaces Type None
Laundry None
Exterior
Parking Features Gated
Pool None
Community Features Curbs,Sidewalks,Street Lights,Urban
Building
Lot Description 0-1 Unit/Acre
Sewer Public Sewer