1967 Atlantic Avenue Long Beach, CA $ 1,350,000
1967 Atlantic Avenue
$ 1,350,000
New Construction
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1967 Atlantic Avenue

Long Beach, CA, 90806
$ 1,350,000
Bedrooms3 Baths3.0 Sq 2,176

Monthly Estimate*

$ 9,430

Listed by Sage Real Estate
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Multi-Family Home for sale in Long Beach, CA

for $1,350,000 with 3 bedrooms and 3 full baths. This 2,176 square foot home was built in 1922 on a lot size of 0.1283.

Now priced at an amazing price of $1,350,000. This remarkable 4-plex in Long Beach is not just another property—it's a lucrative venture waiting to be seized. Boasting an impressive gross income of $126,000 per year, this gem stands out as one of the most profitable 4-unit properties on the market. Here's what makes this property truly exceptional: Brand New ADU with EV Charging: Built with precision in 2023, this additional dwelling unit offers modern amenities and the convenience of electric vehicle charging—a forward-thinking feature that adds significant value. Diverse Rental Portfolio: With one fully operating Airbnb unit and three fully furnished units catering to traveling nurses on short-term rentals, this property offers a versatile income stream. While all units can be delivered vacant upon request, the substantial income generated makes it an enticing proposition to retain the existing tenants. Modern Comforts: Each unit is equipped with its own washer and dryer, along with brand new appliances, ensuring convenience and quality living for tenants. Ample Parking: Say goodbye to parking woes with generous off-street parking, providing convenience for both residents and guests. Comfortable Living Spaces: Enjoy year-round comfort with AC mini-splits installed in all four units, ensuring a pleasant environment regardless of the season. Comprehensive Renovation: With new electrical, plumbing, windows, and smooth stucco, this property has undergone a full remodel and rebuild in 2023. From top to bottom, every detail has been meticulously crafted to offer a turnkey, move-in ready experience. Say goodbye to maintenance headaches—this property promises hassle-free ownership. Don't miss out on this rare opportunity to own a high-income-generating property that's not only profitable but also meticulously designed for long-term success. Whether you're a seasoned investor or new to the market, this 4-plex offers an unparalleled combination of income potential and modern amenities—a truly exceptional investment opportunity in Long Beach.

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Multi-Family Active

Price

$ 1,350,000

Bedrooms

3

Full Bath

3

Property Type

Multi-Family

Taxes

$ 0

Style

Quadruplex

Lot Size

0.1283

Year Built

1922

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

PW24046763

Days on Market

68

Features
General
Sewer PublicSewer
Heating Ductless
Cooling Ductless
Utilities ElectricityConnected NaturalGasConnected SewerConnected
Possession CloseOfEscrow
Zoning LBPD25
HOA 0.0
Garage Spaces 0.0
Pool Features None
Year Built 1922
Electric ElectricityOnProperty
View None
Stories 2
Levels Two
Property SubType Quadruplex
Gross Income 126000.0
Community Features Curbs StreetLights Sidewalks
County Los Angeles
Net Operating Income 88200.0
Operating Expense 37800.0
Insurance Expense 2800.0
New Construction Y
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Subdivision Name Poly High (PH)
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions North of Pacific Coast High
City Long Beach
Disclosures AccessoryDwellingUnit
Entry Location 1
View Y/N N
Senior Community Y/N N
Open Parking Spaces 4.0
Total Units 4
MLS Area 9 - Poly High
Lot Size Square Feet 5588.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Number of Units Leased 4
Street Name Atlantic
Listing Terms Cash CashtoNewLoan
Spa Features None
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Trash Expense 720.0
Walk Score 83
Water Sewer Expense 900.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 57
Building Area Units SquareFeet
Standard Status Active
Year Built Source Assessor
Tax Lot 21
Total Actual Rent 10500.0
Property Sub Type Additional Quadruplex
Taxes 18125.0
Cap Rate 6.53
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Interior
Flooring Vinyl
Fireplace Features None
Total Stories 2
Common Walls NoCommonWalls
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Street Suffix Avenue
Laundry Features Inside
Entry Level 1
Electric On Property Y/N N
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Exterior
Parking Features Driveway
Lot Features Item01UnitAcre
Water Source Public
Total Parking 4.0
Lot Size Area 5588.0
Number of Buildings 2
Spa N
Building Area Total 2176.0
Lot Size Acres 0.1283
Lot Size Units SquareFeet
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 4
Number of Separate Electric Meters 4
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 1967
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* Excluded Features
List By
Sage Real Estate

Broker

(562) 400-7622

Phone

Affordability Calculator

$9,430
Per Month
100%
0%
0%
Monthly Principal & Interest
$9,430
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/5/2024$1,350,000 -3.50% Price Down
4/9/2024$1,399,000 -3.52% Price Down
3/8/2024$1,450,000 Listed Price

Map


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1967 Atlantic Avenue, Long Beach, CA, 90806 is a Multi-Family Home for sale at $1,350,000 with 2,176 sqft and a lot size of 0.1283. 1967 Atlantic Avenue has 3 bedrooms, 3.0 baths, and was built in 1922. The property's zip code is 90806 which is in Long Beach, CA