6064 Atlantic Avenue

Long Beach, CA 90805
Beds
12
Square Ft.
6,966
Property listed by Global Platinum Properties, Inc., Armin Soleimani 424-394-1030
$3,695,000
Price Reduction! 100% Renovated 12-unit apartment building cash flowing at an amazing current 6.5% Cap Rate from day 1. Preliminary plans to add 8 detached ADUs to achieve a remarkable 9.7% Cap Rate, 8 GRM, and 217k/unit after taking into account all construction costs (~660k assuming $200/SF). The property featuresRead MoreRead Less
Listing Snapshot
Days Online
2
Last Updated
Property Type
Other
Beds
12
Square Ft.
6,966
Lot Size
0.21 Acres
Year Built
1946
MLS Number
25603459
30 Days Snapshot Of 90805
$678k
-2%
(avg) sold price
17
-29%
homes sold
67
+8%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Refrigerator
Building
Built in 1946, Building area total: 6,966, Levels: MultiSplit, Living area: 6966, 12 buildings
Heating
WallFurnace
Income
Gross income: $327,354, Net operating income: $240,267
Interior Features
CeilingFans
Lot
0.2107 acres, 9,180 square feet, Size: 9,180
Parking
13 totals parking, Uncovered
Property
Zoning: LBCNA
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.