$40,000 Price Reduction & Fully Leased!! Attractively priced at 12.9 GRM, a 5.1% cap rate with upside, and gross scheduled rents of $111,360 per year. 801 Atlantic Ave, Long Beach is a beautifully renovated 4-unit multifamily property perfect for turnkey investors. 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!
DAYS ON MARKET
|
200
|
LAST UPDATED
|
2/20/2025
|
TRACT
|
Downtown (DT)
|
YEAR BUILT
|
1914
|
COMMUNITY
|
Downtown Area, Alamitos Beach
|
COUNTY
|
Los Angeles
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Residential Income
|
Prior to Jan 22, '25
|
$1,475,000
|
Jan 22, '25 - Today |
$1,435,000 |
AIR |
None |
AREA |
Downtown Area, Alamitos Beach |
HEAT |
Wall Furnace |
LOT |
3001 sq ft |
LOT DESCRIPTION |
0-1 Unit/Acre |
POOL DESCRIPTION |
None |
SEWER |
Public Sewer |
STORIES |
2 |
SUBDIVISION |
Downtown (DT) |
WATER |
Public |
ZONING |
LBCO |
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Listed with Buckingham Investments, Inc
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 2/22/25 9:13 AM PST and /or other sources. 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
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