$1,475,000
Beds: 10
Baths: 4
Sqft: 3,312
Sqft lot: 3,001
Acre lot: 0.07
Open House on Sunday, November 24th 2024 at 10:00am to 1:00pm -

Property listed by Buckingham Investments, Inc, Christopher Crosby 650-549-4849

Status: Active
Property Type: Quadruplex
Year Built: 1914
Neighborhood: Downtown (dt)
Days On Website: 19
**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!

Features

Bathrooms

  • 2 main level bathrooms
  • 4 full bathrooms
  • 4 total bathrooms

Bedrooms

  • 6 main level bedrooms
  • 10 total bedrooms

Building

  • Built in 1914
  • Levels: Two
  • Living area: 3312
  • 2 stories
  • Architectural style: ,Attached
  • Common walls: TwoCommonWallsOrMore

Community

  • Curbs
  • StreetLights
  • Sidewalks
  • Urban

Cooling

  • None

Fireplaces

  • None

Heating

  • WallFurnace

Interior Features

  • BedroomOnMainLevel
  • MainLevelPrimary

Laundry

  • None

Listing

  • ListingID: SB24227269
  • Standard status: Active
  • 19 days on market

Location

  • Country: US
  • Subdivision name: Downtown (DT)

Lot

  • 0.0689 acres
  • 3,001 square feet
  • Size: 3,001
  • ZeroToOneUnitAcre

Pool

  • None

Property

  • Zoning: LBCO
  • None

Sewer

  • PublicSewer

Property Map

Map View


$1,475,000 - 801 Atlantic Avenue, Long Beach, CA 90813

Street View


Directions


801 Atlantic Avenue
Long Beach, CA 90813
Country: US

Nearby Schools

Local Sales

Jack Su

(626) 817-6989