801 Atlantic Avenue, Long Beach, CA 90813
-
Listed Price :
$1,475,000
-
Beds :
10
-
Baths :
4
-
Property Size :
3,312 sqft
-
Year Built :
1914
Property Description
**SELLER OFFERING $15,000 TOWARDS INTEREST RATE BUY-DOWN FOR BUYER** 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!
Interior Features
| Laundry Information |
| Location(s) |
None |
| Bedroom Information |
| Features |
Bedroom on Main Level |
| Bedrooms |
10 |
| Bathroom Information |
| Bathrooms |
4 |
| Interior Information |
| Features |
Bedroom on Main Level, Main Level Primary |
| Cooling Type |
None |
Listing Information
| Address |
801 Atlantic Avenue |
| City |
Long Beach |
| State |
CA |
| Zip |
90813 |
| County |
Los Angeles |
| Listing Agent |
Christopher Crosby DRE #02116879 |
| Courtesy Of |
Buckingham Investments, Inc |
| List Price |
$1,475,000 |
| Status |
Active |
| Type |
Residential |
| Subtype |
Quadruplex |
| Structure Size |
3,312 |
| Lot Size |
3,001 |
| Year Built |
1914 |
Listing information courtesy of: Christopher Crosby, Buckingham Investments, Inc. *Based on information from the Association of REALTORS/Multiple Listing as of Dec 13th, 2024 at 7:14 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
