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6089 Atlantic Avenue, Long Beach, CA 90805
Priced at Only: $1,475,000
For more Information Call
Mobile: 714.478.6676
Address: 6089 Atlantic Avenue, Long Beach, CA 90805
Property Photos
Property Location and Similar Properties
- MLS#: PW24251736 ( Quadruplex )
- Street Address: 6089 Atlantic Avenue
- Viewed: 2
- Price: $1,475,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1953
- Bldg sqft: 0
- Days On Market: 6
- Additional Information
- County: LOS ANGELES
- City: Long Beach
- Zipcode: 90805
- Subdivision: North Long Beach (nlb)
- Provided by: Sage Real Estate
- Contact: Juan Juan
- DMCA Notice
-
DescriptionIntroducing 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 6.5% and a gross rent multiplier of 10.5, 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 for additional rental income. Maximize Density: Explore the potential to develop 30 50 units with density bonuses, making this property an excellent covered land play for future growth. Whether youre looking for a fully renovated, income generating property or a site with incredible redevelopment potential, 6089 Atlantic Ave checks all the boxes. Dont miss this unique opportunity to invest in Long Beach's thriving real estate market. Contact us today for more details or to schedule a showing!
Features
Appliances
- Electric Range
Architectural Style
- Modern
- Traditional
Assessments
- Buyer to Verify
Association Fee
- 0.00
Building Area Total
- 2670.00
Commoninterest
- None
Common Walls
- 2+ Common Walls
Cooling
- Ductless
Country
- US
Direction Faces
- East
Flooring
- Vinyl
Garage Spaces
- 0.00
Heating
- Ductless
Insurance Expense
- 4000.00
Laundry Features
- Gas & Electric Dryer Hookup
Lockboxtype
- None
Lot Features
- 0-1 Unit/Acre
Netoperatingincome
- 97725.00
Newtaxesexpense
- 18437.00
Parcel Number
- 7125035016
Parking Features
- Driveway
- Concrete
- On Site
Pool Features
- None
Postalcodeplus4
- 3012
Property Type
- Quadruplex
Property Condition
- Turnkey
- Updated/Remodeled
Road Frontage Type
- Access Road
Sewer
- Public Sewer
Sourcesystemid
- CRM
Sourcesystemkey
- 428884336:CRM
Spa Features
- None
Subdivision Name Other
- North Long Beach (NLB)
Tenant Pays
- Electricity
- Gas
Totalactualrent
- 0.00
Totalexpenses
- 41882.00
Trash Expense
- 0.00
Uncovered Spaces
- 8.00
Utilities
- Sewer Connected
- Water Connected
View
- None
Water Sewer Expense
- 2400.00
Water Source
- Public
Window Features
- Double Pane Windows
Year Built
- 1953
Year Built Source
- Seller
Zoning
- LBCNA
- Xavier Gomez, BrkrAssc,CDPE
- RE/MAX College Park Realty
- BRE 01736488
- Mobile: 714.478.6676
- Fax: 714.975.9953
- salesbyxavier@gmail.com