Silva Babaian  Realtor, Real Estate Agent, Granada Hills, CA

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    6089 Atlantic Avenue, Long Beach, CA 90805
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    6089 Atlantic Avenue
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    • MLS#: PW24251736 ( Quadruplex )
    • Street Address: 6089 Atlantic Avenue
    • Viewed: 1
    • Price: $1,475,000
    • Price sqft: $0
    • Waterfront: No
    • Year Built: 1953
    • Bldg sqft: 0
    • Days On Market: 4
    • Additional Information
    • County: LOS ANGELES
    • City: Long Beach
    • Zipcode: 90805
    • Subdivision: North Long Beach (nlb)
    • Provided by: Sage Real Estate
    • Contact: Juan Juan
    • California Regional MLS IDX
    • DMCA Notice
    • Description
      Introducing 6089 Atlantic Ave A Turnkey 4 Plex Investment Opportunity! This beautifully remodeled 4 unit property is a rare gem in Long Beach, offering both newly constructed ground floor units and fully renovated top floor units. With a mix of two 3 bedroom, 2 bath units (735 sq. ft. each) and two 2 bedroom, 1 bath units (600 sq. ft. each), this property delivers modern living spaces that are move in ready. Key Features: All units available for you to take full control by setting new market rents from day one. Using the City of Long Beach Housing Authority payment standards, the projected annual income is $139,608. Strong Financials: Enjoy a projected cap rate above 6.5% and a gross rent multiplier of 10.5, based on potential market rents. Turnkey Condition: All units have been upgraded with top to bottom renovations, including in unit laundry hookups and energy efficient mini split systems. Parking: Ample parking is available in both the front and rear of the property. Zoning & Development Potential: This property is situated in an RMU 3 A zoning area, allowing for high density residential development. Options include: Re permit the ADU as a primary unit by paying applicable fees. Add up to 3 4 detached ADUs in the front or center open spaces for additional rental income. Maximize Density: Explore the potential to develop 30 50 units with density bonuses, making this property an excellent covered land play for future growth. Whether youre looking for a fully renovated, income generating property or a site with incredible redevelopment potential, 6089 Atlantic Ave checks all the boxes. Dont miss this unique opportunity to invest in Long Beach's thriving real estate market. Contact us today for more details or to schedule a showing!
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    Features
    Appliances
    1. Electric Range
    Architectural Style
    1. Modern
    2. Traditional
    Assessments
    1. Buyer to Verify
    Association Fee
    1. 0.00
    Building Area Total
    1. 2670.00
    Commoninterest
    1. None
    Common Walls
    1. 2+ Common Walls
    Cooling
    1. Ductless
    Country
    1. US
    Direction Faces
    1. East
    Flooring
    1. Vinyl
    Garage Spaces
    1. 0.00
    Heating
    1. Ductless
    Insurance Expense
    1. 4000.00
    Laundry Features
    1. Gas & Electric Dryer Hookup
    Lockboxtype
    1. None
    Lot Features
    1. 0-1 Unit/Acre
    Netoperatingincome
    1. 97725.00
    Newtaxesexpense
    1. 18437.00
    Parcel Number
    1. 7125035016
    Parking Features
    1. Driveway
    2. Concrete
    3. On Site
    Pool Features
    1. None
    Postalcodeplus4
    1. 3012
    Property Type
    1. Quadruplex
    Property Condition
    1. Turnkey
    2. Updated/Remodeled
    Road Frontage Type
    1. Access Road
    Sewer
    1. Public Sewer
    Sourcesystemid
    1. CRM
    Sourcesystemkey
    1. 428884336:CRM
    Spa Features
    1. None
    Subdivision Name Other
    1. North Long Beach (NLB)
    Tenant Pays
    1. Electricity
    2. Gas
    Totalactualrent
    1. 0.00
    Totalexpenses
    1. 41882.00
    Trash Expense
    1. 0.00
    Uncovered Spaces
    1. 8.00
    Utilities
    1. Sewer Connected
    2. Water Connected
    View
    1. None
    Water Sewer Expense
    1. 2400.00
    Water Source
    1. Public
    Window Features
    1. Double Pane Windows
    Year Built
    1. 1953
    Year Built Source
    1. Seller
    Zoning
    1. LBCNA
    Headshot for Associate Silva Babaian
    1. Silva Babaian / Realtor
    2. Coldwell Banker Exclusive
    3. CalBRE Lic # 01365805
    4. Mobile: 818.414.6744
    5. Fax: 818.338.5836