$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
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!
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