Long Beach, CA 90813 801 Atlantic Avenue
$1,389,000
11 more
Presented By: Christopher Crosby with Buckingham Investments, Inc; 650-549-4849
- MLS# SB25172724
- 07/31/2025
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, 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!
Presented By: Christopher Crosby with Buckingham Investments, Inc; 650-549-4849
Interior Features for 801 Atlantic Avenue
Bedrooms
Main Level Bedrooms6
Total Bedrooms10
Bathrooms
1/4 Baths0
3/4 Baths0
Half Baths
Main Level Bathrooms4
Total Baths4
Other Interior Features
LivingAreaSourceAssessor
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NYes
Interior AmenitiesQuartzCounters, Unfurnished, BedroomOnMainLevel, MainLevelPrimary
Laundry FeaturesNone
Total Stories2
Other Rooms
Entry Level1
General for 801 Atlantic Avenue
Additional Parcels Y/NNo
Attached Garage No
Carport Spaces0.0
Carport Y/NNo
CityLong Beach
Community FeaturesUrban
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
Current FinancingConventional
DirectionsE 8th St and Atlantic Ave
Entry LocationStreet/1
Full Baths4
Garage Spaces0.0
Garage Y/NNo
HOANo
HOA Fee$0.0
HeatingWallFurnace
High School DistrictLong Beach Unified
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashToExistingLoan, CashToNewLoan, Conventional, CalVetLoan, Exchange1031, FHA, FannieMae, FreddieMac, VaLoan
Living Area UnitsSquareFeet
Lot Size Square Feet3001.0
Lot Size UnitsSquareFeet
MLS Area4 - Downtown Area, Alamitos Beach
MobileHomeRemainsYNNo
New ConstructionNo
Number Of Units Total4
Occupancy TypeTenant
Open Parking Spaces0.0
Pool FeaturesNone
PossessionSeeRemarks
Property Attached Y/NYes
Property ConditionUpdatedRemodeled
Property Sub Type AdditionalQuadruplex
Property SubtypeQuadruplex
Property TypeResidential
Rent Control Y/NNo
RoofFlat
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count2
Structure TypeQuadruplex
Subdivision NameDowntown (DT)
Tax Lot4
ViewNone
Year Built1914
Year Built SourcePublicRecords
ZoningLBCO
Exterior for 801 Atlantic Avenue
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
Parking FeaturesNone, OnStreet
Private PoolNo
SpaNo
Total Parking0.0
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Hal Schlegel
Broker Associate