Open House
Saturday, November 9th 2024 : 10am to 1pm [+] More Dates
$1,475,000 Est. $5,431 / mo.*

801 Atlantic Avenue Long Beach , CA 90813

Property listed by Buckingham Investments, Inc, Christopher Crosby 650-549-4849

Description

10 Beds
4 Baths
3,312 Sqft
3,001 Sqft lot
0.07 Acre lot
Status: Active
Property Type: Quadruplex
Year Built: 1914
Neighborhood: Downtown (dt)
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!

Open House

Property Details and Features

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Doug Hornecker

909-286-1974 909-286-1974