Property Details
About this Property
**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!
MLS Listing Information
MLS #
CRSB24227269
MLS Source
California Regional MLS
Days on Site
140
Interior Features
Bedrooms
Ground Floor Bedroom, Primary Suite/Retreat
Fireplace
None
Laundry
None
Cooling
None
Heating
Wall Furnace
Exterior Features
Pool
None
Parking, School, and Other Information
Garage/Parking
Garage: 0 Car(s)
Elementary District
Long Beach Unified
High School District
Long Beach Unified
HOA Fee
$0
Zoning
LBCO
Neighborhood: Around This Home
Neighborhood: Local Demographics
Market Trends Charts
Nearby Homes for Sale
801 Atlantic Ave is a Quadruplex in Long Beach, CA 90813. This 3,312 square foot property sits on a 3,001 Sq Ft Lot and features 10 bedrooms & 4 full bathrooms. It is currently priced at $1,475,000 and was built in 1914. This address can also be written as 801 Atlantic Ave, Long Beach, CA 90813.
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This listing information is up-to-date as of December 12, 2024. For the most current information, please contact Christopher Crosby
