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6068 Atlantic Ave , Long Beach, CA 90805
$3,225,000
Est. Payment: $17,081.71/mo
11 Bed
11 Bath
6966 Sqft
Status: Active | Days on site: 37
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CLW-X82397 - CLW-C131070
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Chris Heller
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House Description

Huge ~700k 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 10.8% Cap Rate, 7.3 GRM, and 198k/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, flooring, lighting, new bathrooms, and more.
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Highlights

Listed by Julio Ruiz , 818-524-0706 Global Platinum Properties, Inc. , 424-394-1030. CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family
Lot/Acreage
0.21

Year Built

1946

County

Los Angeles

Area

7 - North Long Beach

Listing ID

26871087

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:11
  • ▪ Bathrooms:11
  • ▪ Full Bathrooms:0
Appliances:Refrigerator
Other:
  • ▪ Additional:Ceiling Fan(s)

Exterior Features

Lot:No Land Lease
Lot Dimensions:80x115
Garage Capacity:13
Zoning:LBCNA
Others:
  • ▪ Additional:2+ Total Units
Parking Features:Uncovered
Principal Interest
$17,082
Taxes
$2,056

Home Price

$3,225,000

Loan Details

30 yrs
6.952%

Down Payment

20%
$645,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$17,081.71

Principal

Taxes

Principal Taxes HOA Total
Monthly $17,081.71 $2,055.94 $0.00 $19,137.65
Yearly $204,980.57 $24,671.25 $0.00 $229,651.82
Total $6,149,417.24 $740,137.50 $0.00 $6,889,554.74

Today's Rates

30 Year

6.95%

20 Year

6.73%

15 Year

6.35%

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Market insight data is pulled from the same city as the listing being viewed (Long Beach, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-09-23T10:55:49.000Z

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