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$ 1,389,000
Est. payment /mo
Active
801 Atlantic Avenue Long Beach, CA 90813
10 Beds
3,312 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,312 sqft
Price per Sqft $419
MLS Listing ID CRSB25164581
Bedrooms 10
HOA Y/N No
Year Built 1914
Lot Size 3,001 Sqft
Acres 0.07
Property Sub-Type Quadruplex
Property Description
4 renovated units located in downtown Long Beach, with gross scheduled rents over $110,000 per year! Attractively priced at 12.47 GRM and a 5.3% cap rate with upside to 10.15 GRM and 7.0% pro forma cap rate!! The current owners have invested over $150,000 into property improvements, making it perfect for a turnkey investor. The property has an attractive unit mix of (2) 3-bedroom 1-bath units and (2) 2-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! The property is individually metered for gas and electricity. Reach out today!
Location
State CA
County Los Angeles
Zoning LBCO
Interior
Heating Wall Furnace
Cooling No Air Conditioning
Fireplace No
Laundry No Hookups
Exterior
Exterior Feature Other
Building
New Construction No
Others
Tax ID 7274016016
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Christopher Crosby • Buckingham Investments, Inc