$1,475,000
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801 Atlantic Avenue Long Beach, CA 90813
Fourplex
Residence
10
Beds
4
Baths
3,312
Sq. Ft.
0.07
Acre
Lot
Property Activity
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**SELLER OFFERING $15,000 TOWARDS INTEREST RATE BUY-DOWN FOR BUYER** 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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MLS#
SB24227269
Property Type
Fourplex
Status
Bedrooms
10
Bathrooms
4 Full
Year Built
1914
Square Feet
3,312
sq. ft
Lot Size
0.07
Stories
2.0
Sewer
Public Sewer
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