Long Beach, CA 90805,6089 Atlantic Avenue
See all 53 photos
Long Beach, CA 90805,6089 Atlantic Avenue
Long Beach, CA 90805,6089 Atlantic Avenue
Long Beach, CA 90805,6089 Atlantic Avenue
Long Beach, CA 90805,6089 Atlantic Avenue
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Mon
23
Dec
Tue
24
Dec
Wed
25
Dec
Listed by Juan Huizar • Sage Real Estate
$ 1,475,000
Est. payment /mo
Save
New

6089 Atlantic Avenue Long Beach, CA 90805

2,670 SqFt


UPDATED:

12/20/2024 10:05 PM

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,670 sqft

Price per Sqft $552

MLS Listing ID CRPW24251736

HOA Y/N No

Originating Board Datashare California Regional

Year Built 1953

Lot Size 4,259 Sqft

Property Description

Introducing 6089 Atlantic Ave – A Turnkey 4-Plex Investment Opportunity! This beautifully remodeled 4-unit property is a rare gem in Long Beach, offering both newly constructed ground-floor units and fully renovated top-floor units. With a mix of two 3-bedroom, 2-bath units (735 sq. ft. each) and two 2-bedroom, 1-bath units (600 sq. ft. each), this property delivers modern living spaces that are move-in ready. Key Features: All units available for you to take full control by setting new market rents from day one. Using the City of Long Beach Housing Authority payment standards, the projected annual income is $139,608. Strong Financials: Enjoy a projected cap rate above 6.5% and a gross rent multiplier of 10.5, based on potential market rents. Turnkey Condition: All units have been upgraded with top-to-bottom renovations, including in-unit laundry hookups and energy-efficient mini-split systems. Parking: Ample parking is available in both the front and rear of the property. Zoning & Development Potential: This property is situated in an RMU-3-A zoning area, allowing for high-density residential development. Options include: Re-permit the ADU as a primary unit by paying applicable fees. Add up to 3-4 detached ADUs in the front or center open spaces for additional rental income. M

Location

State CA

County Los Angeles

Interior

Cooling Other

Flooring Vinyl

Fireplace No

Laundry Other

Exterior

View None

Building

Water Public


Bay East AOR and Contra Costa AOR

GET MORE INFORMATION

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.

Go tour this home

6089 Atlantic Avenue