$3,225,000
 $17,312 est/mo Sourced by Back At You

6068 Atlantic Avenue,Long Beach, CA 90805

Long Beach, CA 90805

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Description

Huge ~700k Price Reduction! 100% Renovated 12-unit apartment building cash flowing at an amazing current 7% Cap Rate from day 1. Preliminary plans to add 8 detached ADUs to achieve a remarkable 10.8% Cap Rate, 7.3 GRM, and 198k/unit after taking into account all construction costs (~745k assuming $225/SF). The property features an easy to rent unit mix of 12 (1-bed/1bath) units including 4 brand-new retail to apartment conversions as well as 2-brand new attached ADUs. Turnkey opportunity where every single unit was vacated, completely renovated, and leased at market rent with additional upside by building 8 detached ADUs in the back parking lot. The property is separately metered for gas and electrical utilities and each unit has its own individual water heater to further reduce operating costs. The property has undergone major capital improvements including updated electrical, plumbing, brand-new windows, interiors, exteriors, etc. The fully remodeled units boast new modern cabinets, flooring, lighting, new bathrooms, and more.

Details

MLS #26103536
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1946
Days On Site8
Listing Provided ByGlobal Platinum Properties, Inc. | Julio Ruiz

Features

Bed(s)12
Bath(s)12
SQ Feet6,966
Story(s)2
Units12
Building(s)12
ZoningLBCNA
Acreage0.21

Interior

HeatingWall Furnace
Heating Yes / NoYes
Interior FeaturesCeiling Fans
AppliancesRefrigerator

Parking

Parking FeaturesUncovered

Area Information

StateCA
CountyLos Angeles
CityLong Beach
Zip Code90805
Area7 North Long Beach
Listing VS Median (in 90805)
Price:
$3,225,000
low | high
Med:
$699,999
100% of Average
sqft:
6,966
low | high
Med:
1,364
100% of Average
$ / sqft:
$463
low | high
Med:
$513
39.149718475073% of Average
On site:
8
low | high
Med:
6
100% of Average
Sourced by Back At You

Market Activity 90805

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Contact

Learn More About This Property

Benjamin Leaskou

Benjamin Leaskou

01754516 (760) 799-4290ben@leaskouhiggins.com
StateCA
CountyLos Angeles
CityLong Beach
Zip Code90805
Area7 North Long Beach
Listing VS Median (in 90805)
Price:
$3,225,000
low | high
Med:
$699,999
100% of Average
sqft:
6,966
low | high
Med:
1,364
100% of Average
$ / sqft:
$463
low | high
Med:
$513
39.149718475073% of Average
On site:
8
low | high
Med:
6
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $2.418M - $4.031M
sqft: 5,000 - 8,500
Nearby Listings Property ImageNearby Listings Details
6001 Atlantic Avenue Property Photo 1
$2,600,000
6001 Atlantic Avenue
Long Beach, CA 90805
Listing Updated: October 27, 2026 at 11:42:29 PM PDT

Benjamin Leaskou - Desert Lifestyle Properties