Property Description

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!

Features
0
0
: 2+ Common Walls
2
: Sidewalks, Street Lights, Curbs, Urban
: 0.00
: 0-1 Unit/acre
1
: Living Room, Kitchen, Main Floor Bedroom, Main Floor Primary Bedroom, Primary Bathroom, Primary Bedroom
: First Level
2
6
: Wall Furnace
: Public
: Public Sewer
MLS Addon
LBCO
7274016016
3,001 Sqft
$0
Arlington
Arling
Miller
Long Beach Unified
Two
$0
0 Sqft
0 Sqft
: Standard
04/11/2024 12:41:06
Listing courtesy of
Buckingham Investments, Inc
What is Nearby?
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Residential For Sale

801 AtlanticAvenue, Long Beach, California, 90813

10 Bedrooms
4 Bathrooms (Full)
3,312 Sqft
Visits : 1 in 2 days
$1,475,000
Listing ID #SB24227269
Basic Details
Status : Active
Listing Type : For Sale
Property Type : Residential
Property SubType : Quadruplex
Price : $1,475,000
Price Per Square Foot : $445
Square Footage : 3,312 Sqft
Lot Area : 0.07 Sqft
Year Built : 1914
View : Mountain(s)
Bedrooms : 10
Bathrooms : 4
Bathrooms (Full) : 4
Listing ID : SB24227269
Agent info
Rina Maya
Designated Broker
Contact Agent
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