801 Atlantic, Long Beach CA 90813 | $1,389,000
Listing provided courtesy of Christopher Crosby of Buckingham Investments, Inc. Last updated 2025-11-12 09:11:24.000000. Listing information © 2025 SANDICOR.
4 renovated units located in downtown Long Beach, with gross scheduled rents over $110,000 per year! Attractively priced at 12.47 GRM and a 5.3% cap rate with upside to 10.15 GRM and 7.0% pro forma cap rate!! The current owners have invested over $150,000 into property improvements, making it perfect for a turnkey investor. The property has an attractive unit mix of (2) 3-bedroom 1-bath units and (2) 2-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! The property is individually metered for gas and electricity. Reach out today!
More Details
0.07 Acres
2 Stories
David Piper
Call or Text: 858-525-5007
DRE# 02021985
