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801 Atlantic Avenue

801 Atlantic Avenue Long Beach, CA 90813

Multi-Family (2-4 Units) MLS #: SB24227269 Courtesy Of Buckingham Investments, Inc.

$1,475,000

10 beds | 4 baths | 3,312 sq ft
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Estimated monthly payments: $6,448/mo.* (recalculate)
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Property InformationDescription

4-unit property, live in one unit and let the remaining 3 units pay your mortgage! Perfect for an investor looking for a renovated multifamily in a downtown location with high rental demand. 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, 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! Enjoy gross scheduled rents of $113,220 per year, a 13.0 GRM, a 5% cap rate, and upside in rents. Additionally, unit 807 (3bd 1ba) and unit 803 (2bd 1ba) will be available at close of escrow, ideal for an owner-occupant or investor to select their tenant and capture market rent!
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Features

  • Age: Over 50 Years Old
  • Amenities: Dock
  • Architecture Style: Other
  • Cooling System: None
  • Rooms: Kitchen, Living Room

Open Houses

Saturday, November 09, 2024, 10:00 AM - 1:00 PM
Sunday, November 10, 2024, 10:00 AM - 1:00 PM

MAP & DIRECTIONS

MAP & DIRECTIONS

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801 Atlantic Avenue, Long Beach, CA 90813
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School Information

801 Atlantic Avenue, Long Beach, CA 90813

Elementary School
Grades KG-5 | Public School
ROBERT LOUIS STEVENSON ELEMENTARY SCHOOL
Long Beach, CA 90802
515 Lime Ave
562.­437.0407
Distance: 0.2 mi
School Rating
C+
Student:Teacher Ratio
26:1
Total Students
559
Middle School
Grades 6-8 | Public School
FRANKLIN CLASSICAL MIDDLE SCHOOL
Long Beach, CA 90802
540 Cerritos Ave
562.­435.4952
Distance: 0.5 mi
School Rating
C-
Student:Teacher Ratio
25:1
Total Students
1200
High School
Grades 9-12 | Public School
POLYTECHNIC HIGH SCHOOL
Long Beach, CA 90813
1600 Atlantic Ave
562.­591.0581
Distance: 0.7 mi
School Rating
B-
Student:Teacher Ratio
25:1
Total Students
4002
Other Nearby Schools Distance Type Grades School Rating
Montessori On Elm 0.2 mi Private PK-4
St Anthony High School 0.2 mi Private 9-12
Renaissance High School For The Arts 0.3 mi Public 9-12 C+
Oropeza Elementary School 0.3 mi Public KG-5 C
St Anthony Parish School 0.3 mi Private PK-8
First Baptist Church School 0.4 mi Private KG-12
Lincoln Elementary School 0.5 mi Public KG-5 B-
Clear Passage Educational Center 0.6 mi Public 9-12 F
Roosevelt Elementary School 0.7 mi Public KG-5 B
Washington Middle School 0.8 mi Public 6-8 D+
We The People High School 0.8 mi Public 9-12
Intellectual Virtues Academy 0.8 mi Public 9-12 B-
Edison Elementary School 0.9 mi Public KG-5 B-
Huntington Academy 0.9 mi Private KG-5
Educational Partnership High School 1.0 mi Public 9-12 D
Chavez Elementary School 1.0 mi Public KG-5 D
John G. Whittier Elementary School 1.1 mi Public KG-5 C
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

Demographic Data

Long Beach, CA 90813

Median Age: 31.7
Married: 31%
Number of Households: 16,553
Households with Children: 39.5%
  • Occupancy Types
    • 0 Vacant
    • 0 Owned
    • 0 Rented
  • Transportation to Work
    • 0 Drive
    • 0 Public Transportation
    • 0 Walk / Bike / Other
    • 0 Work at Home
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