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Listed by: Julio Ruiz (818) 524-0706 DRE #01911261 | Global Platinum Properties, Inc. (424) 394-1030
$3,295,000
12 Beds
12 Baths
6,966sqft
6068 Atlantic Ave, Long Beach, CA 90805
$3,295,000
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Multi Family
Built in 1946
$-- HOA
9,180 sqft lot
$473/sq.ft
Description
Huge 600k Price Reduction! 100% Renovated 12-unit apartment building cash flowing at an amazing current 7.25% Cap Rate from day 1. Preliminary plans to add 8 detached ADUs to achieve a remarkable 10.5% Cap Rate, 7.4 GRM, and 202k/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 separate...
Continue Reading- Houzeo last checked: 41 minutes ago
- Listing updated: August 19, 2026 at 7:15 am
- Source: California Regional MLS-CA | MLS#: 26871087
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
26871087
MLS Status
Active
Days on Market
13
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