Active
$1,650,000
8 Units
6 Beds
8 Baths
4,222 Area(sq.ft.)
Lot: 5,001 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 6 | 1 | 1 | No | $ 1,399 | $ 5,594 | $ 9,900 |
| Unit 2 | 2 | studio | 1 | No | $ 1,178 | $ 2,355 | $ 2,900 |
| 8 | 6 | 8 | $ 10,746 | $ 38,274 | $ 65,200 |
| MLS #: | 25507045 |
| Days On Market: | 276 |
| Listing Date: | March 5, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 391 |
| Price per unit: | $ 206,250 |
| Year Built: | 1920 |
Property Details
Keller Williams is proud to present the exclusive listing of712-724 Atlantic Ave., Long Beach, CA 90813, a well-located 8-unit multifamily property situated in the vibrant city of Long Beach, California. This value-add opportunity presents an attractive investment for buyers seeking to capitalize on the strong demand for rental housing in one of Southern California's most dynamic markets. The property is comprised of eight units, offering a mix of floor plans, and is positioned in a prime location with excellent access to major transportation routes, employment hubs, and local amenities. The property is currently underperforming relative to market rents, providing significant upside potential through strategic renovations, operational improvements, and optimized management. With its central location and strong market fundamentals, this asset is poised to deliver substantial cash flow and long-term appreciation.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Vacancy Rate: | 2% |
| Gross Operating Income: | $ 153,600 |
| Total Annual Expense: | $ 38,703 |
| Net Operating Income: | $ 110,289 |
| Gross Annual Income: | $ 153,600 |
| Cap Rate: | 6.68% |
| Gross Rent Multiplier: | 11.00 |
Structure
| Type of Units: | 1/1, 0/1 |
| Buildings: | 2 |
| Levels: | One |
| View Description: | City |
Land & Parking
| Zoning: | LBCO |
| Parking Garage: | Garage - 1 Car |
Interior
| AC/Cooling: | Wall/Window |
| Equipment: | Antenna, Garbage Disposal, Range/Oven, Refrigerator |
| Heating: | Wall |
Exterior
Detailed Map
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