801 Atlantic Avenue
$1,475,000
10
4
3,312
3,312
$445
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....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!
- Listed by Christopher Crosby • DRE #02116879 • Brokerage DRE #01914434 • Buckingham Investments, Inc • 650-549-4849
Property Details for 801 Atlantic Avenue
View
None
Parking Spaces Total0
Private PoolNo
Cooling TypeN/K
Total Units4.0
Building TypeAttached
Lot Size SourceAssessor
Living Area3312
LISTING UPDATED: 11/24/2024 05:21 AM
Property Details for 801 Atlantic Avenue
Status | Active |
---|---|
MLS # | SB24159267 |
Days on Market | 113 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Townhouse |
MLS Type | Residential Income |
Year Built | 1914 |
Lot Size | 0.07 AC / 3,001 SF |
County | Los Angeles County |
Building Information for 801 Atlantic Avenue
Stories2Residences-Year Built1914Building Size-Lot Size0.07 AC / 3,001 SF
Property Information for 801 Atlantic Avenue
Property History for 801 Atlantic Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 801 Atlantic Avenue
Taxable ValueLand$400,000Additions$720,360Total$1,120,360
Tax Record2024$14,916 ($1,243 / month)
Home Facts
Total Finished SqFt3,312 SqFtAbove Grade Finished SqFt3,312 SqFtStories1Lot Size3,001 SqFtStyleOffice BuildingYear Built1914ZoningLBCOCountyLOS ANGELESAPN7274-016-016
Schools near 801 Atlantic Avenue
This home is within Long Beach Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Stevenson Elementary School PublicK to 5 | ||
Franklin Classical Middle School Public6 to 8 | ||
Polytechnic High School Public9 to 12 | ||
Renaissance High School For The Arts Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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