Long Beach, CA 90813 801 Atlantic Avenue
$1,389,000
11 more
Presented By: Christopher Crosby with Buckingham Investments, Inc; 650-549-4849
- MLS# SB25164581
- 07/23/2025
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
Beds • 10
Baths • 4
SQFT • 3,312
Home Details
4 renovated units located in downtown Long Beach, with gross scheduled rents over $110,000 per year! 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!! The current owners have invested over $150,000 into property improvements, making it perfect for a turnkey investor. 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 property is individually metered for gas and electricity. Reach out today!
Presented By: Christopher Crosby with Buckingham Investments, Inc; 650-549-4849
Interior Features for 801 Atlantic Avenue
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesNone
Total Stories2
Other Rooms
Entry Level1
General for 801 Atlantic Avenue
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.3
Carport Y/NNo
CityLong Beach
Community FeaturesCurbs, StreetLights, Sidewalks, Urban
ContingencyBuyer to cooperate with seller's 1031 exchange, but is not a contingency of the sale. Information provided is usually deemed reliable but it is NOT guaranteed accurate by the seller or listing agent.
CoolingNone
CountyLos Angeles
DirectionsE 8th St and Atlantic Ave
Entry LocationStreet
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income111360.0
HOANo
HOA Fee$0.0
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense2484.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashToExistingLoan, CashToNewLoan, Conventional, CalVetLoan, Exchange1031, FHA, FannieMae, FreddieMac, VaLoan
Lot Size Square Feet3001.0
Lot Size UnitsSquareFeet
MLS Area4 - Downtown Area, Alamitos Beach
MobileHomeRemainsYNNo
Net Operating Income73871.0
New ConstructionNo
Number Of Units Total4
Number of Units Leased4
Operating Expense34148.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalQuadruplex
Property SubtypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NYes
RoofFlat
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count2
Subdivision NameDowntown (DT)
Tax Lot4
Tenant PaysElectricity, Gas, TrashCollection
Trash Expense500.0
Water Sewer Expense1720.0
Year Built1914
Year Built SourcePublicRecords
ZoningLBCO
Exterior for 801 Atlantic Avenue
Building Area Total3312.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesZeroToOneUnitAcre
Lot Size Acres0.0689
Lot Size Area3001.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters4
Number of Separate Gas Meters5
Number of Separate Water Meters1
Private PoolNo
SpaNo
Total Parking0.0
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Hal Schlegel
Broker Associate