1967 Atlantic Avenue
Long Beach, CA 90806
- – beds
- – baths
- – sqft
- 5,588 sqft lot
- 1922 build
- – on site
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Now priced at an amazing price of $1,350,000. This remarkable 4-plex in Long Beach is not just another property—it's a lucrative venture waiting to be seized. Boasting an impressive gross income of $126,000 per year, this gem stands out as one of the most profitable 4-unit properties on the market. Here's what makes this property truly exceptional: Brand New ADU with EV Charging: Built with precision in 2023, this additional dwelling unit offers modern amenities and the convenience of electric vehicle charging—a forward-thinking feature that adds significant value. Diverse Rental Portfolio: With one fully operating Airbnb unit and three fully furnished units catering to traveling nurses on short-term rentals, this property offers a versatile income stream. While all units can be delivered vacant upon request, the substantial income generated makes it an enticing proposition to retain the existing tenants. Modern Comforts: Each unit is equipped with its own washer and dryer, along with brand new appliances, ensuring convenience and quality living for tenants. Ample Parking: Say goodbye to parking woes with generous off-street parking, providing convenience for both residents and guests. Comfortable Living Spaces: Enjoy year-round comfort with AC mini-splits installed in all four units, ensuring a pleasant environment regardless of the season. Comprehensive Renovation: With new electrical, plumbing, windows, and smooth stucco, this property has undergone a full remodel and rebuild in 2023. From top to bottom, every detail has been meticulously crafted to offer a turnkey, move-in ready experience. Say goodbye to maintenance headaches—this property promises hassle-free ownership. Don't miss out on this rare opportunity to own a high-income-generating property that's not only profitable but also meticulously designed for long-term success. Whether you're a seasoned investor or new to the market, this 4-plex offers an unparalleled combination of income potential and modern amenities—a truly exceptional investment opportunity in Long Beach.
Last checked:
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Last updated Sep 23, 2024
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MLS# PW24046763 —
The Building
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Year Built:1922
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Year Built Source:Assessor
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New Construction:Yes
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Entry Level:1
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Common Walls:No Common Walls
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Building Area Total:2176.00
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Building Area Units:Square Feet
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# of Buildings:2
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Total Number Of Units:4
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Stories Total:2
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# of Separate Gas Meters:4
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# of Separate Water Meters:1
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# of Separate Electric Meters:4
Interior
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Levels:Two
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Entry Location:1
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Flooring:Vinyl
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Fireplace:No
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Fireplace:None
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Laundry:Inside
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Laundry:1
Financial & Terms
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Disclosures:Accessory Dwelling Unit
Location
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Directions:North of Pacific Coast High
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Latitude:33.79297400
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Longitude:-118.18535600
The Property
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Property Type:Residential Income
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Subtype:Quadruplex
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Zoning:LBPD25
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Lot Features:0-1 Unit/Acre
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Lot Size Area:5588.0000
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Lot Size Acres:0.1283
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Lot Size SqFt:5588.00
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Lot Size Source:Assessor
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View:None
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Block:4
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Tax Census Tract:5732.02
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Tax Tract:2
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Tax Lot:21
The Listing
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Special Listing Conditions:Standard
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Parcel Number:7209003024
Heating & Cooling
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Heating:1
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Heating:Ductless
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Cooling:Yes
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Cooling:Ductless
Utilities
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Utilities:Electricity Connected, Natural Gas Connected, Sewer Connected
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Sewer:Public Sewer
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Electric:Electricity - On Property
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Water Source:Public
The Community
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Subdivision:Poly High (PH)
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Subdivision:Poly High (PH)
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Senior Community:No
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Features:Curbs, Sidewalks, Street Lights
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Pool:None
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Private Pool:No
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Spa Features:None
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Association:No
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Assessments:Yes
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Assessments:Buyer to Verify
Parking
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Parking:Yes
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Parking:Driveway
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Parking Spaces:4.00
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Uncovered Spaces:4.00
Extra Units
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Number With Refrigerator:4
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
9/23/24
Sep 23, 2024
|
Sold | CRMLS_CA | $1,350,000 | |
|
6/13/24
Jun 13, 2024
|
Pending | CRMLS_CA | $1,350,000 | |
|
5/4/24
May 4, 2024
|
Price Changed | CRMLS_CA | $1,350,000 | -3.5% |
