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Maria Toscano

maria@mariatoscano.com +1(619) 787-6997

$ 1,475,000

Est. payment -/mo

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Open Sat 10AM-4PM

801 Atlantic AVE Long Beach, CA 90813

10 Beds

4 Baths

3,312 SqFt

OPEN HOUSE

Sat Nov 23, 10:00am - 4:00pm

Sun Nov 24, 10:00am - 1:00pm

UPDATED:

11/20/2024 09:35 PM

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,312 sqft

Price per Sqft $445

Subdivision Downtown (Dt)

MLS Listing ID SB24227269

Bedrooms 10

Full Baths 4

HOA Y/N No

Year Built 1914

Lot Size 3,001 Sqft

Property Description

**SELLER OFFERING $15,000 TOWARDS INTEREST RATE BUY-DOWN FOR BUYER** 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!

Location

State CA

County Los Angeles

Area 4 - Downtown Area, Alamitos Beach

Zoning LBCO

Rooms

Main Level Bedrooms 6

Interior

Interior Features Bedroom on Main Level, Main Level Primary

Heating Wall Furnace

Cooling None

Fireplaces Type None

Fireplace No

Laundry None

Exterior

Pool None

Community Features Curbs, Street Lights, Sidewalks, Urban

View Y/N No

View None

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Dwelling Type Quadruplex

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Schools

School District Long Beach Unified

Others

Senior Community No

Tax ID 7274016016

Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional, Cal Vet Loan, 1031 Exchange, FHA, Fannie Mae, Freddie Mac, VA Loan

Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional, Cal Vet Loan, 1031 Exchange, FHA, Fannie Mae, Freddie Mac, VA Loan

Special Listing Condition Standard

Listed by Christopher Crosby • Buckingham Investments, Inc • 650-549-4849

Maria Toscano

Broker Associate | License ID: 01002715

+1(619) 787-6997

Maria Toscano

801 Atlantic AVE Long Beach, CA 90813

OPEN HOUSE

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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801 Atlantic AVE