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801 Atlantic Ave
Long Beach, CA 90813 Downtown Long Beach

$1,389,000 USD

Apartments For Sale • 3,312 SF

Property Details

Property Type Apartments
Total Building Size 3,312 SF
Lot Size 0.07 AC
Building Class C
Year Built 1914
Cap Rate 5.32 %
Zoning MF

72 Transit Score

91 Walk Score

                
                    Highlights
                
                                4 renovated units -- perfect turnkey investment
                            
                                Attractive unit mix of (2) 3-bedroom 1-bath units and (2) 2-bedroom 1-bath
                            
                                Upgraded electrical system in 2023, including a full re-wire, new main service panel, and sub panels
                            
                                2024 Silicone white roof
                            
                                12.47 GRM and a 5.3% cap rate with upside to 10.15 GRM and 7.0% pro forma cap rate!!
                            
                                See attached Offering Memorandum for actual rent roll

Property Flyers

801 Atlantic_Offering Memorandum

Financial Summary (Actual)

Net Operating Income: $73,870 USD (2026)

Cap Rate:	5.32 %
Total Expenses:	$34,149 USD

Public Transportation

Transit/Subway	Drive	Walk	Distance
5Th Street Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro))	1 min	8 min	0.4 mi
Anaheim Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro))	3 min	11 min	0.6 mi
1St Street Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro))	2 min	14 min	0.8 mi
Pacific Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro))	2 min	15 min	0.8 mi
Long Beach Transit Mall (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro))	3 min	19 min	1.0 mi
Airport	Drive	Walk	Distance
Long Beach (Daugherty Field)	10 min	-	4.4 mi
John Wayne/Orange County	31 min	-	20.9 mi
Los Angeles International	32 min	-	22.2 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Type:	Surface
Included in Rent:	Yes

Chris Crosby 650-549-4849 Buckingham Investments

801 Atlantic Ave Long Beach, CA 90813 Downtown Long Beach