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6060-6068 Atlantic Ave
Long Beach, CA 90805
12 Units 8% Cap Rate & 8.5 GRM · Multifamily Property For Sale
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12 Units
Investment Highlights
- 12-unit project Priced at only 266k/door with 6 fully renovated & 100% occupied units
- RTI Plans to convert 4 retail stores to 4 (1bed/1bath) residential units
- Large 9,200 SF lot with 9 open parking spaces in the back + 4 Garages
- Incredible 8% Cap Rate and 8.5 GRM after taking into account all construction costs
- Nearly RTI plans for 2 attached (1bed/1bath) ADUs in the garages
Property Facts
| No. Units | 12 | Building Size | 6,966 SF |
| Property Type | Multifamily | Average Occupancy | 75% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1946/2023 |
| Building Class | B | Parking Ratio | 1.29/1,000 SF |
| Lot Size | 0.21 AC | ||
| Zoning | CCR - Commercial | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.21 AC |
| Building Size | 6,966 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built/Renovated | 1946/2023 |
| Parking Ratio | 1.29/1,000 SF |
| Zoning | CCR - Commercial |
Amenities
Unit Amenities
- Cable Ready
- Microwave
- Heating
- Kitchen
- Hardwood Floors
- High Speed Internet Access
- Oven
- Tub/Shower
- Family Room
- Window Coverings
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | - | - |
Property Taxes
| Parcel Number | 7124-016-005 | Improvements Assessment | $424,483 |
| Land Assessment | $848,966 | Total Assessment | $1,273,449 |
Property Taxes
Parcel Number
7124-016-005
Land Assessment
$848,966
Improvements Assessment
$424,483
Total Assessment
$1,273,449
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