6064 Atlantic Avenue, Long Beach, CA 90805

Local realty services provided by:Better Homes and Gardens Real Estate Property Shoppe
6064 Atlantic Avenue,Long Beach, CA 90805
$3,695,000
  • 12 Beds
  • 12 Baths
  • 6,966 sq. ft.
  • Multi-family
  • Active
Listed by:armin soleimani
Office:global platinum properties, inc.
MLS#:25572705
Source:CRMLS

Price summary

  • Price:$3,695,000
  • Price per sq. ft.:$530.43

About this home

Price Reduction! 100% Renovated 12-unit apartment building cash flowing at an amazing current 6.5% Cap Rate from day 1. Preliminary plans to add 8 detached ADUs to achieve a remarkable 9.7% Cap Rate, 8 GRM, and 217k/unit after taking into account all construction costs (~660k assuming $200/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,

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Home facts

  • Year built:1946
  • Listing ID #:25572705
  • Added:56 day(s) ago
  • Updated:September 26, 2025 at 10:31 AM

Rooms and interior

  • Bedrooms:12
  • Total bathrooms:12
  • Living area:6,966 sq. ft.

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Year built:1946
  • Building area:6,966 sq. ft.
  • Lot area:0.21 Acres

Finances and disclosures

  • Price:$3,695,000
  • Price per sq. ft.:$530.43
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