$1,389,000

801 Atlantic Avenue, Long Beach, CA 90813

  • 10 beds |
  • 4 baths |
  • 3,312 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in 1914
  • Property Lot Size Icon3,001sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $419/sqft
  • Property List Date Icon Listed 3 months ago

Property Description

4 renovated units located in downtown Long Beach, fully leased with gross scheduled rents over $110,000 per year! 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 current owners have invested over $150,000 into property improvements, making it perfect for a turnkey investor. The property is individually metered for gas and electricity. 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!! Reach out today!

Listing Status:
Active
Date Added:
July 31, 2025 at 05:00AM
Listing Office:
Buckingham Investments, Inc : 310-982-7055
Listing Agent:
Christopher Crosby : 650-549-4849
MLS ID:
CRSB25172724
  • Laundry: None
  • A/C: None
  • Heating: Wall Furnace
  • Fireplace: None
  • Pool: None
  • Parking: NoneOn Street
  • General: 2
  • HOA Amenities: 0.0
  • School District: Long Beach Unified
  • County: Los Angeles
  • Zoning: LBCO7274016016
  • View: None

This listing courtesy of Christopher Crosby, Buckingham Investments, Inc

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

R

Robert Louis Stevenson Elementary School

515 Lime Ave, Long Beach, CA, 90802

Grades KG-5

0.25 miles away

F

Franklin Classical Middle School

540 Cerritos Ave, Long Beach, CA, 90802

Grades 6-8

0.48 miles away

R

Renaissance High School for the Arts

235 E 8th St, Long Beach, CA, 90813

Grades 9-12

0.28 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.