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listing
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Residential IncomeFor Sale
$1,475,000
801 Atlantic Avenue
Long Beach, CA 90813
Listed by Christopher Crosby DRE#02116879 [email protected] Buckingham Investments, Inc
MLS: California Regional MLS (CRMLS)
Est. Mortgage
$7,714/mo

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!

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Information courtesy of Buckingham Investments, Inc is subject to verification and is not guaranteed.
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