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6062 Atlantic Avenue
USD 2,350,000
Property ID: 23327691
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6062 Atlantic Avenue ,90805
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icon 9180 SqFt
icon Built in 1946
icon USD 256/SqFt
icon 6 Beds
icon 10 Full
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Location Street View
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Interior Details
Bedrooms
6
Bathrooms
10
Interior Size
6086
Construction Details
Property Type --
Property Condition --
Architectural Style --
New Construction --
Year Built 1946
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Detailed Introduction Of This Home
Huge 250k Price Reduction! 10-unit building cash flowing at an amazing 6.5% Cap Rate and 11.1 GRM from day 1! Priced at only 235k/door in the heart of Long Beach, it offers not only 6 fully renovated residential units but also 4 retail spaces (with plans to convert to 4 residential units) offering an incredible upside to 9.6% Cap Rate and 8.1 GRM on Proforma. And if that wasn't enough to pique your interest, there are preliminary plans to convert the attached garages into 2 attached (1bed/1bath) ADUs, further improving the numbers to only 195k/door, 11.9% Cap Rate, and 6.8 GRM. The 6 residential units (100% occupied) have been already fully remodeled and boast new modern cabinets, flooring, lighting, new bathrooms, and significant exterior improvements. Additionally, each unit is individually metered for gas and electricity. The large 9,180 SF lot comes with ~9 open parking spaces as well as ~4 garage spaces.
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Contact Development/Agent
Cissy Tang
TEL: (+1)626 9868**** icon
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Contact Development/Agent
icon
Cissy Tang
(+1)626 9868**** icon
Please enter your nationality
+87
Cannot be empty
Email address is invalid Email address not authenticated!
Cissy Tang
(+1)626 9868**** icon
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Photos (26)
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6062 Atlantic Avenue
USD 2,350,000 6 Beds
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