801 Atlantic Avenue Active Save Request In-Person Tour Request Virtual Tour
Long Beach,CA 90813
Key Details
Property Type Condo
Sub Type All Other Attached
Listing Status Active
Purchase Type For Sale
Square Footage 3,312 sqft
Price per Sqft $419
Subdivision Downtown (Dt)
MLS Listing ID SB25172724
Bedrooms 10
Full Baths 4
Year Built 1914
Property Sub-Type All Other Attached
Property Description
4 renovated units located in downtown Long Beach, fully leased with gross scheduled rents over $110,000 per year! 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 current owners have invested over $150,000 into property improvements, making it perfect for a turnkey investor. The property is individually metered for gas and electricity. 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!! Reach out today!
Location
State CA
County Los Angeles
Zoning LBCO
Interior
Heating Wall/Gravity
Exterior
Parking Features None Known
View Y/N Yes
Roof Type Flat
Building
Story 2
Sewer Public Sewer
Water Public
Others
Acceptable Financing Cash,Conventional,Exchange,FHA,VA,Cash To Existing Loan,Cash To New Loan
Listing Terms Cash,Conventional,Exchange,FHA,VA,Cash To Existing Loan,Cash To New Loan
Special Listing Condition Standard