801 Atlantic Avenue
Long Beach, CA 90813
3312 sqft | 10 beds | 4 baths | 0.07 acres | #SB24227269
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!
Property Details
- InteriorBedroomOnMainLevel, MainLevelPrimary
- School DistrictLong Beach Unified
- Lot DescriptionZeroToOneUnitAcre
- SubdivisionDowntown (DT)
- Sewer InformationPublicSewer
- CountyLos Angeles
- Original List Price$1,475,000
- MLS #SB24227269
- Property SubtypeQuadruplex
- MLS #SB24227269
- Structure TypeQuadruplex
- Property TypePurchase
- Cost1475000
- Acres0.0689
- Utility SourcePublic
- Square Feet3312
- Year Built1914
- Bedrooms10
- Bathrooms4
- Full Baths4
- Stories2
Location
Legal
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Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Christopher Crosby (#SBCROSCHR)
Listing Office: Buckingham Investments, Inc (#SB1301700)
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