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Rick Lee

rickjleehomes@gmail.com +1(714) 943-1598

$ 1,475,000

Est. payment -/mo

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Price Dropped by $15K

801 Atlantic AVE Long Beach, CA 90813

3,312 SqFt

OPEN HOUSE

Sat Nov 02, 10:00am - 1:00pm

Sun Nov 03, 10:00am - 1:00pm

UPDATED:

10/29/2024 07:37 PM

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,312 sqft

Price per Sqft $445

Subdivision Downtown (Dt)

MLS Listing ID SB24159267

HOA Y/N No

Year Built 1914

Lot Size 3,001 Sqft

Property Description

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!

Location

State CA

County Los Angeles

Area 4 - Downtown Area, Alamitos Beach

Zoning LBCO

Rooms

Ensuite Laundry None

Interior

Laundry Location None

Heating Wall Furnace

Cooling None

Fireplaces Type None

Fireplace No

Laundry None

Exterior

Pool None

Community Features Curbs, Street Lights, Sidewalks, Urban

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7274016016

Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional, Contract, Cal Vet Loan, 1031 Exchange, FHA, Fannie Mae, Freddie Mac, VA Loan

Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional, Contract, Cal Vet Loan, 1031 Exchange, FHA, Fannie Mae, Freddie Mac, VA Loan

Special Listing Condition Standard

Listed by Christopher Crosby • Buckingham Investments, Inc • 650-549-4849

Rick Lee

Team Leader | License ID: 02130981

+1(714) 943-1598

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Rick Lee

Rick Lee

801 Atlantic AVE Long Beach, CA 90813

OPEN HOUSE

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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801 Atlantic AVE