Long Beach, CA 90813,801 Atlantic Avenue
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Long Beach, CA 90813,801 Atlantic Avenue
Long Beach, CA 90813,801 Atlantic Avenue
Long Beach, CA 90813,801 Atlantic Avenue
Long Beach, CA 90813,801 Atlantic Avenue
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$ 1,475,000
Est. payment /mo
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Active

801 Atlantic Avenue Long Beach, CA 90813

10 Beds

4 Baths

3,312 SqFt


UPDATED:

11/24/2024 09:38 PM

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 3,312 sqft

Price per Sqft $445

MLS Listing ID CRSB24227269

Bedrooms 10

Full Baths 4

HOA Y/N No

Year Built 1914

Lot Size 3,001 Sqft

Acres 0.0689

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!

Location

State CA

County Los Angeles

Area Listing

Zoning LBCO

Interior

Heating Wall Furnace

Cooling None

Fireplaces Type None

Fireplace No

Laundry None

Exterior

Pool None

View Y/N false

View None

Private Pool false

Building

Lot Description Street Light(s)

Story 2

Sewer Public Sewer

Water Public

Level or Stories Two Story

New Construction No

Schools

School District Long Beach Unified

Others

Tax ID 7274016016


Bridge MLS
Listed by Christopher Crosby • Buckingham Investments, Inc

Lisa Reinsmith

Realtor® | License ID: 01512772

+1(925) 550-2689

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801 Atlantic Avenue