801 Atlantic Ave - Apartments FOR SALE


Long Beach, CA 90813- Downtown Long Beach
$1,399,999 USD
650-549-4849
801 Atlantic Ave, Long Beach, CA for Sale
$1,399,999 USD
Apartments - FOR SALE
1/16
null | 5.27% Cap Rate

801 Atlantic Ave
Long Beach, CA 90813
Downtown Long Beach


HIGHLIGHTS

  • All 4 units have been meticulously renovated in 2023
  • Major Cap Ex Improvements (Roof, Electrical System, Water Heater, etc)
  • Attractive unit mix of (2) 2-bedroom 1-bath and (2) 3-bedroom 1-bath units
  • Enjoy gross scheduled rents of $111,360 per year, a 12.5 GRM, a 5.3% cap rate, with upside in rents.

OVERVIEW

$95,000 Price Reduction!! Priced to sell at 12.5 GRM, a 5.3% cap rate with upside, and gross scheduled rents of $111,360 per year. 801 Atlantic Ave, Long Beach is a beautifully renovated 4-unit multifamily property perfect for turnkey investors. 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! Pricing does not include buyer broker commission -- if you have a buyer agent, please add their commission to the price.

FOR SALE DETAILS

PRICE

$1,399,999 USD

PRICE/SF

$436 USD /SF

# OF UNITS

4

PRICE/UNIT

$350,000

CAP RATE

5.27%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1914

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

MF

APN/PARCEL ID

7274-016-016

ASK ABOUT THIS PROPERTY

Chris CrosbyBuckingham InvestmentsMore Info
650-549-4849

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Chris CrosbyBuckingham InvestmentsMore Info
650-549-4849

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.