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801 Atlantic Avenue
Long Beach CA 90813 US

$1,475,000

Active Listing ID SB24159267
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10 bed
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4.00 Bath (4 Full)
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Lot: 3,001.00 Square Feet
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Quadruplex

$1,475,000

Active Listing ID SB24159267
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801 Atlantic Avenue 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!

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Property Features

  • Facts
  • Lot Size: 3,001.00 Square Feet
  • Property Type: Residential Multi Family
  • Property Sub-type: Quadruplex
  • Features
  • Full Bathrooms: 4
  • Cooling System: None
  • Exterior Finish: Community Features Included: Curbs, Sidewalks, Street Lights, Urban, 0-1 Unit/Acre

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Quadruplex
  • listprice: 1475000
  • unparsedaddress: 801 Atlantic Avenue
  • postalcity: Long Beach
  • stateorprovince: CA
  • country: US
  • postalcode: 90813
  • bathroomsfull: 4
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.0688934802571166
  • lotsizeunits: Square Feet
  • lotsizearea: 3001
  • livingarea: 3312
  • livingareaunits: Square Feet
  • latitude: 33.776725
  • longitude: -118.185283
  • listagentfullname: Christopher Crosby
  • listagentemail: chris.crosby@buckinghaminvestments.com
  • listagentkey: 3yd-MRMLSCA-SBCROSCHR
  • listagentmlsid: SBCROSCHR
  • listagentpreferredphone: 6505494849
  • listagentofficephone: 3109827055
  • listofficekey: 3yd-MRMLSCA-SB1301700
  • listagentstatelicense: 02116879
  • listofficemlsid: SB1301700
  • disclaimer: Copyright © 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MRMLSCA
  • yearbuilt: 1914
  • listingcontractdate: 2024-08-06
  • listagenturl: http://www.buckinghaminvestments.com
  • countyorparish: Los Angeles
  • parcelnumber: 7274016016
  • cooling: None
  • numberofunitstotal: 4
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 2
  • parkingtotal: 0
  • waterfrontyn: False
  • exteriorfeatures: Community Features Included: Curbs, Sidewalks, Street Lights, Urban, 0-1 Unit/Acre
  • architecturalstyle: Other
  • rooms: Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -118.18528, 33.776726
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Buckingham Investments, Inc.", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"chris.crosby@buckinghaminvestments.com", "ListBrokerageCity":"Long Beach", "ListBrokerageCountry":"US", "ListBrokerageEmail":"buckingham.inv@gmail.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/110/335173/20160816181448704.png", "ListBrokerageName":"Buckingham Investments, Inc.", "ListBrokeragePhone":"(562) 208-4890", "ListBrokeragePostalCode":"90802", "ListBrokerageStateOrProvince":"CA", "ListBrokerageUnitNumber":"Ste 607", "ListBrokerageUnparsedAddress":"320 Pine Ave", "ListBrokerageWebsiteUrl":"http://www.buckinghaminvestments.com", "ListOfficeAddress1":"1304 El Prado Ave Ste C", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"SBWALKANT", "ListOfficeCity":"Torrance", "ListOfficeCountry":"US", "ListOfficeEmail":"buckingham.inv@gmail.com", "ListOfficePostalCode":"90501", "ListOfficeStateOrProvince":"CA", "ListPriceCurrencyType":"USD", "ListingTitle":"Quadruplex - Long Beach, CA", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/801-Atlantic-Ave_Long-Beach_CA_90813_M29815-64831?f=listhub&s=MRMLSCA&m=SB24159267&c=rexren", "MLSModificationTimestamp":"2024-11-20T12:49:33Z", "Neighborhoods":[], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 12/17/2024 9:15:08 AM GMT
Source Updated Date: 12/22/2024 6:50:18 AM GMT

Courtesy of: Christopher Crosby, Buckingham Investments, Inc, chris.crosby@buckinghaminvestments.com

Copyright © 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.