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Listed by: Julio Ruiz (818) 524-0706 DRE #01911261, Armin Soleimani DRE #01846872 | Global Platinum Properties, Inc. (424) 394-1030
$3,575,000
12 Beds
12 Baths
6,966sqft
6064 Atlantic Ave, Long Beach, CA 90805
$3,575,000
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Multi Family
Built in 1946
$-- HOA
9,180 sqft lot
$513/sq.ft
Description
Price Reduction! 100% Renovated 12-unit apartment building cash flowing at an amazing current 6.75% Cap Rate from day 1. Preliminary plans to add 8 detached ADUs to achieve a remarkable 10% Cap Rate, 7.7 GRM, and 211k/unit after taking into account all construction costs (~660k assuming $200/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 f...
Continue Reading- Houzeo last checked: 49 Minutes ago
- Listing updated: December 5, 2025 at 12:30 am
- Source: California Regional MLS-CA | MLS#: 25625353
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
--
Year Built
1946
HOA Fees
-
Finished Area
6,966 sqft
Lot Size
9,180 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
25625353
MLS Status
Active
Days on Market
1
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