CA > Long Beach
Long Beach, CA 90805,6089 Atlantic Avenue
Listed by Juan Huizar • Sage Real Estate Group, Inc.
Bought with Cecilia Hernandez • Cecilia Hernandez, Broker
$1,407,500
$1,395,000 0.9%
Est. payment /mo
2,670 SqFt
Sold on 04/10/2025

6089 Atlantic Avenue Long Beach, CA 90805

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Daniel Ripper
Daniel Ripper

Broker Associate | License ID: 01382609

+1(415) 205-6312

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Key Details

Sold Price $1,407,500

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Square Footage 2,670 sqft

Price per Sqft $527

MLS Listing ID CRPW24251736

Year Built 1953

Lot Size 4,259 Sqft

Property Sub-Type Quadruplex

Property Description

Introducing 6089 Atlantic Ave – A Turnkey 4-Plex Investment Opportunity! This beautifully remodeled 4-unit property is a rare gem in Long Beach, offering both newly constructed ground-floor units and fully renovated top-floor units. With a mix of two 3-bedroom, 2-bath units (735 sq. ft. each) and two 2-bedroom, 1-bath units (600 sq. ft. each), this property delivers modern living spaces that are move-in ready. Key Features: All units available for you to take full control by setting new market rents from day one. Using the City of Long Beach Housing Authority payment standards, the projected annual income is $139,608. Strong Financials: Enjoy a projected cap rate above 7.0% and a gross rent multiplier of 10x, based on potential market rents. Turnkey Condition: All units have been upgraded with top-to-bottom renovations, including in-unit laundry hookups and energy-efficient mini-split systems. Parking: Ample parking is available in both the front and rear of the property. Zoning & Development Potential: This property is situated in an RMU-3-A zoning area, allowing for high-density residential development. Options include: Re-permit the ADU as a primary unit by paying applicable fees. Add up to 3-4 detached ADUs in the front or center open spaces for additional rental income. Ma

Location

State CA

County Los Angeles

Interior

Cooling Other

Flooring Vinyl

Laundry Other

Exterior

View None

Building

Water Public

Bay East AOR and Contra Costa AOR
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agent

Daniel Ripper

Broker Associate | License ID: 01382609

+1(415) 205-6312

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6089 Atlantic Avenue

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