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Property description
Welcome to 801 Atlantic Ave, Long Beach, CA a stunningly renovated 4-unit multifamily property perfect for both investors and owner-occupants. The property has an attractive unit mix of (2) 2-bedroom 1-bath and (2) 3-bedroom 1-bath units. All 4 units have been meticulously renovated in 2023 including new flooring, cabinetry, Quartz countertops, light fixtures, wall heaters, 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! Enjoy gross scheduled rents of $113, 220 per year, a 13.2 GRM, a 4.9% cap rate, and a 6.8% upside in rents. Additionally, unit 807 (3bd 1ba) will be available at close of escrow, ideal for an owner-occupant or investor to select their tenant and capture market rent!For more details:
Listed by: Christopher Crosby