Skip to Main Content
6062 Atlantic Avenue, Long Beach, CA 90805
Image Gallery
Property Photos
6062 Atlantic Avenue
  1. Image 0 of 32 For 6062 Atlantic Avenue
  2. Image 1 of 32 For 6062 Atlantic Avenue
  3. Image 2 of 32 For 6062 Atlantic Avenue
  4. Image 3 of 32 For 6062 Atlantic Avenue
  5. Image 4 of 32 For 6062 Atlantic Avenue
  6. Image 5 of 32 For 6062 Atlantic Avenue
  7. Image 6 of 32 For 6062 Atlantic Avenue
  8. Image 7 of 32 For 6062 Atlantic Avenue
  9. Image 8 of 32 For 6062 Atlantic Avenue
  10. Image 9 of 32 For 6062 Atlantic Avenue
  11. Image 10 of 32 For 6062 Atlantic Avenue
  12. Image 11 of 32 For 6062 Atlantic Avenue
  13. Image 12 of 32 For 6062 Atlantic Avenue
  14. Image 13 of 32 For 6062 Atlantic Avenue
  15. Image 14 of 32 For 6062 Atlantic Avenue
  16. Image 15 of 32 For 6062 Atlantic Avenue
  17. Image 16 of 32 For 6062 Atlantic Avenue
  18. Image 17 of 32 For 6062 Atlantic Avenue
  19. Image 18 of 32 For 6062 Atlantic Avenue
  20. Image 19 of 32 For 6062 Atlantic Avenue
  21. Image 20 of 32 For 6062 Atlantic Avenue
  22. Image 21 of 32 For 6062 Atlantic Avenue
  23. Image 22 of 32 For 6062 Atlantic Avenue
  24. Image 23 of 32 For 6062 Atlantic Avenue
  25. Image 24 of 32 For 6062 Atlantic Avenue
  26. Image 25 of 32 For 6062 Atlantic Avenue
More Like This
  • MLS#: 24458943 ( )
  • Street Address: 6062 Atlantic Avenue
  • Viewed: 10
  • Price: $2,850,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1946
  • Bldg sqft: 0
  • Days On Market: 79
  • Additional Information
  • County: LOS ANGELES
  • City: Long Beach
  • Zipcode: 90805
  • Provided by: Global Platinum Properties, Inc.
  • Contact: Armin Armin
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    12 unit project cash flowing at an amazing 8% Cap Rate and 8.5 GRM after taking into account all remaining construction costs! Priced at only 266k/door in the heart of Long Beach, it offers not only 6 fully renovated residential units upstairs but also 4 retail spaces (with RTI plans under construction to convert to 4 residential units) + nearly RTI plans to convert the attached garages into 2 attached (1bed/1bath) ADUs. 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 SFlot comes with ~9 open parking spaces as well as ~4 garage spaces. Price/Unit, Cap Rate & GRM are based on Total Price for the sake of conservatism, which includes the remaining construction cost of 4retail conversions at 50k/unit (200k) + 2 attached ADUs at 75k/unit(150k) for a total project cost of 350k offering a remarkable Cap Rate of 8% and 8.5 GRM after including all construction costs.
Property Location and Similar Properties
All
Similar
Request More Information
  • All fields are required.
Print Flyer
Contact Patrick Adams
Contacting Patrick Adams
  • All fields are required.
Schedule A Showing
Schedule a Showing.
  • All fields are required.
Check this box to Register with us:
Features
Appliances
  1. Refrigerator
Building Area Total
  1. 6966.00
Country
  1. US
Heating
  1. Wall Furnace
Interior Features
  1. Ceiling Fan(s)
Levels
  1. Multi/Split
Netoperatingincome
  1. 257412.00
Number Of Buildings
  1. 12
Parcel Number
  1. 7124016005
Parking Features
  1. Uncovered
Postalcodeplus4
  1. 3013
Sourcesystemkey
  1. 24-458943:CLAW
Totalexpenses
  1. 66215.00
Views
  1. 10
Year Built
  1. 1946
Zoning
  1. LBCNA