6068 Atlantic Avenue
Long Beach, CA 90805
12
Bed
0
Bath
6,966Sqft
9,180Sqft(Lot)
Huge 500k 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 10.3% Cap Rate, 7.6 GRM, and 207k/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 c
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total Bedrooms: 12Bathroom Information
Total Baths: 12 Full Baths: 0 Half Baths: 0 -
Interior Features
Interior Features: Ceiling Fan(s) Property Appliances: Refrigerator -
Heating Source
Wall Furnace Has Heating
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Building Information
Year Built: 1946 Building Area Total: 6,966
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Lot Details
Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.2107 Lot Size Dimensions: 80x115 -
Lot Size Source: Owner Lot Size Square Feet: 9180
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Listing Price Information
Original List Price: 3,395,000 Listing Contract Date: 2026-06-08 -
Lease Information
Listing Agreement: Seller Reserved
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Tax Information
Parcel Number: 7124016005
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Garage and Parking
Garage Description: UncoveredHomeowners Association
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Other Property Info
Source Listing Status: Active Source Neighborhood: 7 - North Long Beach Postal Code Plus 4: 3013 Directions: Located between 60th St., and 61st St. on the East Side of Atlantic Ave. Zoning: LBCNA Source Property Type: Residential Income Area: 7 - North Long Beach -
Building and Construction
Property Age: 80 Year Built Source: Vendor Enhanced Total Square Feet Living: 6966 Levels or Stories: Multi/Split
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 6754 Rose, Long Beach, CA, 90805 | $699,999 | 3 | 2 | 1,421 | 1,421 SqFt |
| 1656 E 63rd, Long Beach, CA, 90805 | $849,000 | 3 | 2 | 1,526 | 1,526 SqFt |
| 6147 Gundry, Long Beach, CA, 90805 | $1,050,000 | 4 | 4 | 2,425 | 2,425 SqFt |
| 6449 Lemon Avenue, Long Beach, CA, 90805 | $765,000 | 2 | 1 | 1,110 | 1,110 SqFt |
| 7015 N Atlantic Place, Long Beach, CA, 90805 | $2,850,000 | 4 | 3 | 2,393 | 2,393 SqFt |
| 6841 Millmark, Long Beach, CA, 90805 | $869,000 | 4 | 3 | 1,400 | 1,400 SqFt |
| 5493 Cerritos, Long Beach, CA, 90805 | $755,000 | 3 | 2 | 1,033 | 1,033 SqFt |
| 6050 Olive Avenue, Long Beach, CA, 90805 | $525,500 | 4 | 2 | 1,764 | 1,764 SqFt |
| 561 E 64th, Long Beach, CA, 90805 | $2,825,000 | -- | -- | 9,964 | 9,964 SqFt |
| 800 E South Street, Long Beach, CA, 90805 | $764,000 | -- | -- | 1,820 | 1,820 SqFt |
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ByOwner last updated this listing 06/09/2026 @ 07:06
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