Long Beach, CA 90805,6064 Atlantic AVE
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Long Beach, CA 90805,6064 Atlantic AVE
Long Beach, CA 90805,6064 Atlantic AVE
Long Beach, CA 90805,6064 Atlantic AVE
Long Beach, CA 90805,6064 Atlantic AVE
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OJ Rodriguez

OJ Rodriguez

+1(626) 523-3193
$ 3,495,000
Est. payment /mo
Save
Price Dropped by $80K

6064 Atlantic AVE Long Beach, CA 90805

12 Beds

12 Baths

6,966 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 6,966 sqft

Price per Sqft $501

MLS Listing ID 25625353

Bedrooms 12

HOA Y/N No

Year Built 1946

Lot Size 9,178 Sqft

Property Description

Huge 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% Cap Rate, 7.7 GRM, and 212k/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.

Location

State CA

County Los Angeles

Area 7 - North Long Beach

Zoning LBCNA

Interior

Interior Features Ceiling Fan(s)

Heating Wall Furnace

Fireplace No

Appliance Refrigerator

Exterior

Parking Features Uncovered

Total Parking Spaces 13

Building

Story 2

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 7124016005

Special Listing Condition Standard

CRMLS – RECore
Listed by Julio Ruiz Global Platinum Properties, Inc.
SCHOOLSPROPERTIES
Elementary Schools 20
  • 9

    Los Cerritos Elementary School

    Public | KG - 5

  • 8

    Madison Elementary School

    Public | KG - 5

  • 8

    Lincoln Elementary School

    Public | KG - 5

  • 7

    Longfellow Elementary School

    Public | KG - 5

  • 7

    Holmes Elementary School

    Public | KG - 5

  • 7

    Albert Baxter Elementary

    Public | KG - 6

  • 6

    Colin Powell Academy

    Public | KG - 8

  • 6

    Starr King Elementary School

    Public | KG - 5

  • 6

    Colin P. Kelly Elementary School

    Public | KG - 8

  • 6

    William Jefferson Clinton Elementary School

    Public | KG - 8

  • 6

    Keppel Elementary School

    Public | KG - 5

  • 6

    Gaines Elementary School

    Public | KG - 3

  • 6

    McKinley Elementary School

    Public | KG - 5

  • 6

    Riley Elementary School

    Public | KG - 5

  • 6

    Jefferson Elementary School

    Public | KG - 5

  • 5

    Rosecrans Elementary School

    Public | KG - 6

  • 5

    Dominguez Elementary School

    Public | KG - 5

  • 5

    Augusta A. Mayo Elementary School

    Public | KG - 5

  • 5

    Dooley Elementary School

    Public | KG - 5

  • 5

    Addams Elementary School

    Public | KG - 5

Middle Schools 16
  • 9

    Intellectual Virtues Academy of Long Beach

    Public | 6 - 8

  • 7

    Hughes Middle School

    Public | 6 - 8

  • 6

    Hamilton Middle School

    Public | 6 - 8

  • 5

    Lindbergh STEM Academy

    Public | 6 - 8

  • 5

    Frank J. Zamboni Middle School

    Public | 6 - 8

  • 5

    Paramount Park Middle School

    Public | 6 - 8

  • 5

    Hoover Middle School

    Public | 6 - 8

  • 4

    Lifeline Education Charter

    Public | 6 - 12

  • 4

    Rancho Dominguez Preparatory School

    Public | 6 - 12

  • 4

    Perry Lindsey Academy

    Public | 6 - 8

  • 4

    Alondra Middle School

    Public | 6 - 8

  • 3

    Franklin D. Roosevelt Middle School

    Public | 6 - 8

  • 1

    Franklin S. Whaley Middle School

    Public | 6 - 8

  • 1

    Paramount Alternative Education Center

    Public | 6 - 12

  • 0

    Compton Community Day Middle School

    Public | 6 - 8

  • 0

    Paramount Unified Community Day

    Public | 7 - 12

High Schools 7
  • 5

    Paramount High School

    Public | 9 - 12

  • 1

    Compton High School

    Public | 9 - 12

  • 1

    Jordan High School

    Public | 9 - 12

  • 1

    Dominguez High School

    Public | 9 - 12

  • 0

    Compton Community Day High School

    Public | 9 - 12

  • 0

    Compton Unified Regional Occupational Program

    Public | 9 - 12

  • 0

    Buena Vista High School

    Public | 9 - 12

School and business data provided by Attom Data.
OJ Rodriguez

OJ Rodriguez

Broker

+1(626) 523-3193

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6064 Atlantic AVE