858-525-5007

6064 Atlantic, Long Beach CA 90805 | $3,695,000

  • 0 bedrooms
  • 0 bathrooms
  • 0 Sq Ft
  • 9180 Lot Sq Ft
  • Type:
  • Stories: 2
  • Year Built: 1946
  • MLS#: 25603459
  • Community: 7 - North Long Beach

Listing provided courtesy of Armin Soleimani of Global Platinum Properties, Inc.. Last updated 2025-11-06 09:11:40.000000. Listing information © 2025 SANDICOR.

Price Reduction! 100% Renovated 12-unit apartment building cash flowing at an amazing current 6.5% Cap Rate from day 1. Preliminary plans to add 8 detached ADUs to achieve a remarkable 9.7% Cap Rate, 8 GRM, and 217k/unit after taking into account all construction costs (~660k assuming $200/SF). The property features an easy to rent unit mix of 12 (1-bed/1bath) units including 4 brand-new retail to apartment conversions as well as 2-brand new attached ADUs. Turnkey opportunity where every single unit was vacated, completely renovated, and leased at market rent with additional upside by building 8 detached ADUs in the back parking lot. The property is separately metered for gas and electrical utilities and each unit has its own individual water heater to further reduce operating costs. The property has undergone major capital improvements including updated electrical, plumbing, brand-new windows, interiors, exteriors, etc. The fully remodeled units boast new modern cabinets, flooring, lighting, new bathrooms, and more.

More Details

0.21 Acres
2 Stories

David Piper​

Call or Text: 858-525-5007

DRE# 02021985