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6060-6068 Atlantic Ave
Long Beach, CA 90805 Bixby Knolls

$3,575,000 USD

Apartments For Sale • 6,966 SF

Property Details

Property Type Apartments
Total Building Size 6,966 SF
Lot Size 0.21 AC
Building Class B
Year Built 1946
Cap Rate 6.75 %
Zoning CCR

45 Transit Score

77 Walk Score

                
                    Highlights
                
                                12 Renovated units cash flowing at an amazing 6.75% Cap Rate from Day 1
                            
                                Plans for 8 ADUs to achieve 10% Cap Rate, 7.7 GRM, and 211k/unit after 660k in construction costs
                            
                                Existing 12 units include 4 brand-new retail to apartment conversions and 2 brand-new attached ADUs

Property Flyers

Offering Memorandum

8 Detached ADUs - Prelim Plans - 6064 Atlantic

Cap Rate:

6.75 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Allcitee
Sandy Store

Amenities

Cable Ready
Microwave
Heating
Kitchen
Hardwood Floors
High Speed Internet Access
Oven
Tub/Shower
Family Room
Window Coverings

Public Transportation

Airport	Drive	Walk	Distance
Long Beach (Daugherty Field)	10 min	-	4.8 mi
Los Angeles International	26 min	-	18.6 mi
John Wayne/Orange County	36 min	-	25.6 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	9
Type:	Surface
Included in Rent:	Yes

Armin Soleimani 310-666-2246 Global Platinum Properties

6060-6068 Atlantic Ave Long Beach, CA 90805 Bixby Knolls