6068 Atlantic Avenue
Long Beach, CA 90805
12
Bed
12
Bath
6,966Sqft
9,180Sqft(Lot)
Huge ~700k 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 10.8% Cap Rate, 7.3 GRM, and 198k/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
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
CeilingFansAppliances: Refrigerator -
Heating & Cooling
Has Heating: Yes Heating: WallFurnace
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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: $3225000Original Price: $3295000
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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 |
|---|---|---|---|---|---|
| 6170 Downey Avenue, Long Beach, CA, 90805 | $795,000 | 3 | 2 | 1,386 | 5,964 Sq. Ft |
| 6651 Coronado, Long Beach, CA, 90805 | $850,000 | 3 | 2 | 1,598 | 7,645 Sq. Ft |
| 6372 Raymond Avenue, Long Beach, CA, 90805 | $750,000 | 2 | 1 | 1,156 | 6,270 Sq. Ft |
| 6634 Minnesota, Long Beach, CA, 90805 | $599,000 | 2 | 1 | 816 | 4,800 Sq. Ft |
| 6639 Rose, Long Beach, CA, 90805 | $699,900 | 2 | 1 | 901 | 5,252 Sq. Ft |
| 1136 E 71st, Long Beach, CA, 90805 | $890,000 | 3 | 1 | 1,300 | 9,215 Sq. Ft |
| 5952 Gaviota, Long Beach, CA, 90805 | $709,900 | 2 | 1 | 960 | 4,750 Sq. Ft |
| 1685 E 60th Street, Long Beach, CA, 90805 | $688,975 | 3 | 2 | 1,382 | 4,695 Sq. Ft |
| 5832 Gaviota, Long Beach, CA, 90805 | $859,000 | 3 | 2 | 1,590 | 4,798 Sq. Ft |
| 6816 Cerritos Avenue, Long Beach, CA, 90805 | $949,998 | 4 | 3 | 1,519 | 4,104 Sq. Ft |
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ByOwner last updated this listing 10/03/2026 @ 15:08
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