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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
2
1
0
: Curbs, Sidewalks, Street Lights, Urban
Additional Information
Buckingham Investments, Inc
0
SBCROSCHR
SB1301700
Christopher
7274016016
: Standard
Two
43

Multi-Family For Sale

801 Atlantic Avenue, Long Beach, California 90813

3,312 Sqft
$1,475,000
Listing ID #SB24159267
Basic Details
Status : Active
DaysOnMarket : 110
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : SB24159267
Price : $1,475,000
Living Area : 3,312 Sqft
Lot Size : 3,001 Sqft
Year Built : 1914
Country : US
State : California
County : Los Angeles
City : Long Beach
Zipcode : 90813
Price Per Square Foot : $445
Subdivision : Downtown (DT)
ModificationTimestamp : 2024-11-24 13:21:21
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