Homes for sale - 6089 Atlantic Avenue, Long Beach, CA 90805

Marissa Buss & Danny Lampert

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Listed by Juan Huizar • Sage Real Estate Group, Inc.

$ 1,407,500

$ 1,395,000 0.9%

Est. payment | -/mo

2,670 SqFt

$ 1,407,500

$ 1,395,000 0.9%

Est. payment | -/mo

2,670 SqFt

Key Details

Sold Price $1,407,500

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Square Footage 2,670 sqft

Price per Sqft $527

Subdivision North Long Beach

MLS Listing ID PW-24251736

Sold Date 04/10/25

Style Modern,Traditional

Year Built 1953

Lot Size 4,259 Sqft

Property Sub-Type Quadruplex

Property Description

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 7.0% and a gross rent multiplier of 10x, 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!

Location

State CA

County Los Angeles

Area 7 - North Long Beach

Zoning LBCNA

Interior

Heating Ductless

Cooling Ductless

Flooring Vinyl

Laundry Gas & Electric Dryer Hookup

Exterior

Parking Features On Site, Concrete, Driveway

Pool None

Community Features Street Lights

Utilities Available Sewer Connected, Water Connected

View Y/N No

View None

Building

Lot Description 0-1 Unit/Acre

Sewer Public Sewer

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Marissa Buss & Danny Lampert

Lic# 01770909 | 01834114

marissabussre@gmail.com

+1(818) 515-7131

2555 Townsgate Rd STE 200, Village, CA, 91361

6089 Atlantic Avenue Long Beach, CA 90805

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Key Details

Location

Interior

Exterior

Building

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6089 Atlantic Avenue