6064 Atlantic Avenue, Long Beach, CA 90805
Local realty services provided by:ERA Excel Realty
6064 Atlantic Avenue,Long Beach, CA 90805
$3,395,000
- 12 Beds
- 12 Baths
- 6,966 sq. ft.
- Multi-family
- Active
Listed by: armin soleimani, julio ruiz
Office: global platinum properties, inc.424-394-1030
MLS#:26651517
Source:CRMLS
Price summary
- Price:$3,395,000
- Price per sq. ft.:$487.37
About this home
Huge 500k Price Reduction! 100% Renovated 12-unit apartment building cash flowing at an amazing current 7% Cap Rate from day 1. Preliminary plans to add 8 detached ADUs to achieve a remarkable 10.3% Cap Rate, 7.6 GRM, and 207k/unit after taking into account all construction costs (~745k assuming $225/SF). The property features an easy to rent unit mix of 12 (1-bed/1bath) units including 4 brand-new retail to apartment conversions as well as 2-brand new attached ADUs. Turnkey opportunity where every single unit was vacated, completely renovated, and leased at market rent with additional upside by building 8 detached ADUs in the back parking lot. The property is separately metered for gas and electrical utilities and each unit has its own individual water heater to further reduce operating costs. The property has undergone major capital improvements including updated electrical, plumbing, brand-new windows, interiors, exteriors, etc. The fully remodeled units boast new modern cabinets, flooring, lighting, new bathrooms, and more....
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Home facts
- Year built:1946
- Listing ID #:26651517
- Added:279 day(s) ago
- Updated:April 23, 2026 at 01:18 PM
Rooms and interior
- Bedrooms:12
- Total bathrooms:12
- Kitchen Description:Refrigerator
- Living area:6,966 sq. ft.
Heating and cooling
- Heating:Wall Furnace
Structure and exterior
- Year built:1946
- Building area:6,966 sq. ft.
- Lot area:0.21 Acres
- Levels:Multi Split
Finances and disclosures
- Price:$3,395,000
- Price per sq. ft.:$487.37
Features and amenities
- Appliances:Refrigerator
- Amenities:Ceiling Fans
Parking
- Total parking spaces:13
- Parking description:Uncovered
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