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6068 Atlantic Avenue, Long Beach, CA 90805

Long Beach
Local realty services provided by:CENTURY 21 Cornerstone
6068 Atlantic Avenue,Long Beach, CA 90805
$3,395,000
  • 12 Beds
  • 12 Baths
  • 6,966 sq. ft.
  • Multi-family
  • Active
Listed by: julio ruiz
Office: global platinum properties, inc.424-394-1030
MLS#:26844723
Source:CRMLS

Price summary

  • Price:$3,395,000
  • Price per sq. ft.:$487.37

About this home

Huge 500k 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 10.3% Cap Rate, 7.6 GRM, and 207k/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,...

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Home facts

  • Year built:1946
  • Listing ID #:26844723
  • Added:1 day(s) ago
  • Updated:June 08, 2026 at 11:47 PM

Rooms and interior

  • Bedrooms:12
  • Total bathrooms:12
  • Kitchen Description:Refrigerator
  • 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:$3,395,000
  • Price per sq. ft.:$487.37

Features and amenities

  • Amenities:Ceiling Fans

Parking

  • Total parking spaces:13
  • Parking description:Uncovered
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