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$1,475,000
10
beds
6
baths
2,670
square ft

6089 Atlantic Avenue
Long Beach, California 90805

New / MLS #PW24251736 / Multiple Unit (2-4) / Long Beach
Listing information updated 12/20/2024 at 8:42am
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 6.5% and a gross rent multiplier of 10.5, 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. Maximize Density: Explore the potential to develop 30-50 units with density bonuses, making this property an excellent covered land play for future growth. Whether you're looking for a fully renovated, income-generating property or a site with incredible redevelopment potential, 6089 Atlantic Ave checks all the boxes. Don't miss this unique opportunity to invest in Long Beach's thriving real estate market. Contact us today for more details or to schedule a showing!
Architecture Style:
Modern, Traditional
Beds Above Grade:
10
Cooling System:
Ductless
Heating System:
Ductless
Appliances:
Electric Range
Pool:
No
Age:
71 Years
Parking Type:
Concrete, Driveway, On Site
Parking Spaces:
8
Square Feet:
2,670
Lot Size:
4259 Square Feet
Acreage:
0.0978
Tax Amount:
N/A
Tax Year:
N/A
Zip Code:
90805
City:
Long Beach
County:
Los Angeles
Elementary School:
N/A
Middle School:
N/A
High School:
N/A

Listing Office: Sage Real Estate

Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy.

$965,122
Average Sale Price
38
Average Days On The Market
99%
Sales Prices VS. List Price
Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.
Map of 6089 Atlantic Avenue, Long Beach, CA 90805

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6089 Atlantic Avenue is a multiple unit (2-4) currently listed at $1,475,000. 6089 Atlantic Avenue features 10 Beds, 6 Baths. This multiple unit (2-4) has been listed on Christie's International Real Estate Sereno since December 19th, 2024 and was built in 1953.