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Image 1 - 801 Atlantic Ave, Long Beach, California, 90813 - House for sale
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Atlantic Ave, Long Beach, Home For Sale
801 Atlantic Ave, Long Beach, California, 90813

Atlantic Ave, Long Beach, Home For Sale

house for sale
Listed: 08/09/24

801 Atlantic Ave, Long Beach, California, 90813

10 Bed:
4 Bath:
3,312 Sq Ft Living Area:
Save
Price
$ 1,5M

About This House

Welcome to 801 Atlantic Ave, Long Beach, CA a stunningly renovated 4-unit multifamily property perfect for both investors and owner-occupants. The property has an attractive unit mix of (2) 2-bedroom 1-bath and (2) 3-bedroom 1-bath units. All 4 units have been meticulously renovated in 2023 including new flooring, cabinetry, Quartz countertops, light fixtures, wall heaters, sinks, appliances, blinds, and fresh paint. The property boasts a completely upgraded electrical system in 2023, including a full re-wire, new main service panel, and sub panels, as well as a 2024 Silicone white roof! Enjoy gross scheduled rents of$113, 220per year, a13.2 GRM,a 4.9% cap rate, and a 6.8% upside in rents. Additionally, unit 807 (3bd 1ba) will be available at close of escrow, ideal for an owner-occupant or investor to select their tenant and capture market rent!

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Long Beach Housing & Living

Average sale prices for houses

2 bed
3 bed
4+ bed
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In July 2024, the asking price for 2 bed houses for sale in/near Long Beach, United States averaged $829,399, an increase of 1.1% from the previous month.
Median price trends for properties for sale in Long Beach, United States as of July 2024.

Household Income

Median household income: $61,610
Number of households: 173,432
The average household income in Long Beach, CA grew from $60,557 to $61,610 in the past year. This data is an estimate based upon 173,432 households in Long Beach, CA.
The chart below presents how household income is distributed in Long Beach, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Long Beach, CA compared to median property taxes around the country. The prevalent amount of property taxes in Long Beach, CA equals $3k+ , which is more than the national average.