801 Atlantic Avenue Long Beach, CA 90813
Welcome to 801 Atlantic Ave, Long Beach, CA – a stunningly renovated 4-unit multifamily property perfect for both investors and owner-occupants. 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 13.16 GRM, a 5.0% cap rate, and an 7% 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!
- Property TypeMulti-Family
- NeighborhoodDowntown (Dt)
- CountyLos Angeles
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site47 Days
- MLS StatusActive
- MLS ID NumberSB24159267
- Home Size Source N/A
- Year Built1914
- Lot Size0.0689 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Parking Spaces 0
- Sewer Public Sewer
- Number of Stories 22
- Acreage 0.0689
- Water Public
- Property Sub Type Quadruplex
- Garage Spaces 0
- Zoning LBCO
- Listing Conditions Standard
Interior Features
- Cooling None
- Heating Wall Furnace
- Fireplace Features None
- Laundry Features None
- Fireplace No
Exterior Features
- Pool Features None
- Lot 0-1 Unit/ Acre
Community Features
- Community Features CurbsSidewalksStreet LightsUrban
- Senior Community No
- MLS Area 4 - Downtown Area, Alamitos Beach