801 Atlantic Avenue

Long Beach, CA 90813

  • 10 Bed(s)
  • 4 Bath(s)
  • 3,312 Sqft
  • 3001
    Sqft(Lot)
$1,475,000

Description

**seller offering $15,000 towards interest rate buy-down for buyer** 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 13.0 grm, a 5.0% cap rate, and an 8% 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 Type

    Residential Income

  • Subdivision

    Fallbrook

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    46574468

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Interior Features

    • Fireplace: None

    Cooling Features

    • None
    • Air Conditioning

    Heating Source

    • Wall Furnace
    • Has Heating

    Fireplace

    • Fireplace Features: None
    • Has Fireplace: 0

  • Building Information

    • Year Built: 1914
    • Building Area Total: 3,312

    Pool Features

    • None

    Laundry Features

    • None

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.0689
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 3001

  • Listing Price Information

    • Original List Price: 1,475,000
    • Listing Contract Date: 2024-07-31

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 7274016016

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: Electricity,Gas

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 4 - Downtown Area, Alamitos Beach
    • Postal Code Plus 4: 4512
    • Directions: E 8th St and Atlantic Ave
    • Zoning: LBCO
    • Source Property Type: Residential Income
    • Area: 4 - Downtown Area, Alamitos Beach
    • Property SubType: Quadruplex

    Building and Construction

    • Property Age: 110
    • Common Walls: 2+ Common Walls
    • Structure Type: Quadruplex
    • Year Built Source: Public Records
    • Entry Level: 1
    • Entry Location: Street
    • Property Attached: Yes
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 12/18/2024 @ 14:38

  • MLS: SB24159267
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 10 bedrooms which is for sale, it has 3,312 sqft, 3,001 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Long Beach , in zip code 90813, this Los Angeles County Home , it is in the FALLBROOK Subdivision, are nearby neighborhoods.