6068 Atlantic Avenue
Long Beach, CA 90805
12
Bed
0
Bath
6,966Sqft
9,180Sqft(Lot)
Huge 600k Price Reduction! 100% Renovated 12-unit apartment building cash flowing at an amazing current 7.25% Cap Rate from day 1. Preliminary plans to add 8 detached ADUs to achieve a remarkable 10.5% Cap Rate, 7.4 GRM, and 202k/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 operatin
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 12Bathroom Information
Total Baths: 12 -
Interior Features
Ceiling Fan(s)Appliances: Refrigerator -
Heating & Cooling
Has Heating: Yes Heating: Wall Furnace
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Building Information
Year Built: 1946Building Area Total: 6966Private Pool: No
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Lot Information
Lot Dimensions: 80x115 Main Square Feet: 9180 Lot Size Acres: 0.2107 Lot Size Source: Owner Lot Size Square Feet: 9,180
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Listing Price Information
Listing Price: $3295000Original Price: $3395000
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Tax Information
Parcel Number: 7124016005
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Virtual Tour
Parking Information
Parking Total: 13 Uncovered
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Location Information
Direction: Located between 60th St., and 61st St. on the East Side of Atlantic Ave.
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 3650 E Poppy, Long Beach, CA, 90805 | $775,000 | 3 | 2 | 1,386 | 1,386 SqFt |
| 6535 Downey, Long Beach, CA, 90805 | $839,900 | 3 | 2 | 1,082 | 1,082 SqFt |
| 6170 Downey Avenue, Long Beach, CA, 90805 | $795,000 | 3 | 2 | 1,386 | 1,386 SqFt |
| 3490 E La Jara Street, Long Beach, CA, 90805 | $935,000 | 4 | 2 | 1,728 | 1,728 SqFt |
| 6271 Coronado, Long Beach, CA, 90805 | $790,000 | 3 | 2 | 1,528 | 1,528 SqFt |
| 6240 Obispo, Long Beach, CA, 90805 | $630,000 | 4 | 2 | 1,249 | 1,249 SqFt |
| 6634 Minnesota, Long Beach, CA, 90805 | $635,000 | 2 | 1 | 816 | 816 SqFt |
| 6639 Rose, Long Beach, CA, 90805 | $770,000 | 2 | 1 | 901 | 901 SqFt |
| 5952 Gaviota, Long Beach, CA, 90805 | $729,900 | 2 | 1 | 960 | 960 SqFt |
| 5832 Gaviota, Long Beach, CA, 90805 | $859,000 | 3 | 2 | 1,590 | 1,590 SqFt |
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ByOwner last updated this listing 07/27/2026 @ 02:16
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