Property Details
About this Property
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 space
MLS Listing Information
MLS #
CRPW24251736
MLS Source
California Regional MLS
Days on Site
2
Interior Features
Appliances
Oven Range - Electric
Exterior Features
Pool
None
Style
Contemporary, Traditional
Parking, School, and Other Information
Garage/Parking
Common Parking Area, Other, Garage: 0 Car(s)
HOA Fee
$0
Contact Information
Listing Agent
Juan Huizar
Sage Real Estate
License #: 01417642
Phone: –
Co-Listing Agent
Andrea Swann
Swann Investments
License #: 02192788
Phone: (310) 464-7647
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 0 | 4 |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | 600 | – | 0/0 | – |
| 2 | 750 | – | 0/0 | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
6089 Atlantic Ave is a Residential Income in Long Beach, CA 90805. This – square foot property sits on a 4,259 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,475,000 and was built in 1953. This address can also be written as 6089 Atlantic Ave, Long Beach, CA 90805.
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This listing information is up-to-date as of December 20, 2024. For the most current information, please contact Juan Huizar
