6089 Atlantic Avenue
Long Beach, CA 90805
- 10 beds
- – baths
- 2,670 sqft
- 4,259 sqft lot
- $552 per sqft
- 1953 build
- – on site
Introducing 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. M
Last checked:
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Last updated Dec 20, 2024
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MLS# CRPW24251736 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1953
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Building Area Units:Square Feet
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Other Equipment:Other
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Building Area Total:2670
Interior
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Flooring:Vinyl
Room Dimensions
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Living Area:2670
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Living Area Units:Square Feet
Location
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Directions:Atlantic & 61st
The Property
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Property Type:Residential Income
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Property Subtype:Quadruplex
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Exterior Features:Other
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Parcel Number:7125035016
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Zoning:LBCN
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Lot Size Area:0.1
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Lot Size Acres:0.1
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Lot Size SqFt:4259
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Lot Size Units:Acres
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View:None
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View:false
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Tract:5703.06
Beds
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Bedrooms Total:10
The Listing
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Listing TermsCash
Heating & Cooling
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Cooling:Other
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Cooling:true
Utilities
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Utilities:Sewer Connected
Appliances
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Laundry Features:Other
The Community
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Association:false
Parking
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Garage:false
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Attached Garage:false
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Carport:false
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Parking Total:8
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Parking Features:Other
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).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
12/19/24
Dec 19, 2024
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Listed / Active | BRIDGE | $1,475,000 | 146.2% (108.6% / YR) |
|
8/15/23
Aug 15, 2023
|
BRIDGE | $599,000 | ||
|
11/30/22
Nov 30, 2022
|
Price Changed | CRMLS_CA |
