Realty Solution
Powered by 
- 0
- 14
- Overview
- Description
- Property Details
- Location
- Facts & Features
- Getting Around
- Nearby Homes
Street View
Listed by: Julio Ruiz (818) 524-0706 DRE #01911261 | Global Platinum Properties, Inc. (424) 394-1030
$3,225,000
Monthly Est:$16,052
12 Beds
12 Baths
6,966sqft
6068 Atlantic Ave, Long Beach, CA 90805
$3,225,000
$16,052/moEst:
Get Pre-Approved
Multi Family
Built in 1946
$-- HOA
9,180 sqft lot
$463/sq.ft
Description
Huge ~700k 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 10.8% Cap Rate, 7.3 GRM, and 198k/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.
- Houzeo last checked: 3 hours ago
- Listing updated: September 17, 2026 at 9:10 pm
- Source: California Regional MLS-CA | MLS#: 26871087
Part of
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
58
Continue Your Journey in App
Find your dream home, receive real-time updates, and many more!
Download App
Continue Your Journey in App
Find your dream home, receive real-time updates, and many more!
Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 12
Bathrooms: 12
Interior
Interior Features
Ceiling Fans
Appliances
Refrigerator
Heating
Wall Furnace
Utilities & Energy
Parking Features
Uncovered
Price History
| Date | Event | Price |
|---|---|---|
08/11/2026 Source: | Price Decreased | $3,225,000 -2.12% $463/sqft |
07/08/2026 Source: | Listed for Sale | $3,295,000 $473/sqft |
06/08/2026 Source: | Off Market | $3,295,000 -2.95% $473/sqft |
06/08/2026 Source: | Listed for Sale | $3,395,000 $487/sqft |
Nearby Homes
Find Homes by Property Features in Long Beach, CA
Based on information from California Regional Multiple Listing Service, Inc. as of Oct 09, 2026, 02:30PM and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.
Advertising Broker: William Johnson DRE #01463271 | William Johnson Brokerage