6089 Atlantic AVE Contingent Save Request In-Person Tour Request Virtual Tour
Long Beach,CA 90805
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Contingent
Purchase Type For Sale
MLS Listing ID CRPW24251736
Style Contemporary,Traditional
Year Built 1953
Lot Size 4,259 Sqft
Property Sub-Type Fourplex
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 7.0% and a gross rent multiplier of 10x, 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
Location
State CA
County Los Angeles
Area 7 - North Long Beach
Rooms
Kitchen Oven Range - Electric
Interior
Laundry 38
Exterior
Parking Features Common Parking Area,Other
Garage Spaces 8.0
Pool 31,None
View None
Building
Water District - Public
Others
Special Listing Condition Not Applicable ,Accepting Backups