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6068 Atlantic Avenue, Long Beach, CA 90805

Long Beach
Local realty services provided by:CENTURY 21 Coastal Properties
6068 Atlantic Avenue,Long Beach, CA 90805
$3,295,000
  • 12 Beds
  • 12 Baths
  • 6,966 sq. ft.
  • Multi-family
  • Active
Listed by: julio ruiz
Office: global platinum properties, inc.424-394-1030
MLS#:26871087
Source:CRMLS

Price summary

  • Price:$3,295,000
  • Price per sq. ft.:$473.01

About this home

Huge 600k Price Reduction! 100% Renovated 12-unit apartment building cash flowing at an amazing current 7.25% Cap Rate from day 1. Preliminary plans to add 8 detached ADUs to achieve a remarkable 10.5% Cap Rate, 7.4 GRM, and 202k/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...

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Home facts

  • Year built:1946
  • Listing ID #:26871087
  • Added:6 day(s) ago
  • Updated:August 18, 2026 at 10:32 AM

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:$3,295,000
  • Price per sq. ft.:$473.01

Features and amenities

  • Amenities:Ceiling Fans

Parking

  • Total parking spaces:13
  • Parking description:Uncovered
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). CENTURY 21 Coastal Properties is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of CENTURY 21 Coastal Properties, a broker participant of California Regional MLS (Southern California). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by California Regional MLS (Southern California) and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 California Regional MLS (Southern California). All rights reserved. CRMLS Member Broker: Jennette Toderick

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