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

$3,395,000 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 7.00 %
Zoning CCR

40 Transit Score

60 Walk Score

                
                    Highlights
                
                                207k/unit after taking into account all construction costs
                            
                                Amazing current 7% Cap Rate from day 1
                            
                                Preliminary Plans to add 8 detached ADUs
                            
                                4 brand-new retail to apartment conversions as well as 2-brand new attached ADUs
                            
                                Large 9,200 SF lot with 11 open parking spaces in the back + 4 Garages

Property Flyers

Offering Memorandum

Financial Summary (Actual)

Net Operating Income: $242,453 USD (2026)

Cap Rate:	7.00 %
Total Expenses:	$78,417 USD

Major Tenants

Tenant	SF Occupied	Lease End Date
Allcitee
Sandy Store

Public Transportation

Airport	Drive	Walk	Distance
Long Beach (Daugherty Field)	11 min	-	4.8 mi
Los Angeles International	27 min	-	18.1 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