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6060-6068 Atlantic Ave
Long Beach, CA 90805

$2,850,000 USD

Apartments For Sale • 6,966 SF

Property Details

Property Type Apartments
Total Building Size 6,966 SF
Lot Size 0.21 AC
Building Class B
Year Built 1946
Cap Rate 8.54 %
Zoning CCR

45 Transit Score

75 Walk Score

                
                    Highlights
                
                                12-unit project Priced at only 266k/door with 6 fully renovated & 100% occupied units
                            
                                Incredible 8% Cap Rate and 8.5 GRM after taking into account all construction costs
                            
                                RTI Plans to convert 4 retail stores to 4 (1bed/1bath) residential units
                            
                                Nearly RTI plans for 2 attached (1bed/1bath) ADUs in the garages
                            
                                Large 9,200 SF lot with 9 open parking spaces in the back + 4 Garages