1967 Atlantic Ave, Long Beach, CA 90806
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1967 Atlantic Ave Long Beach, CA 90806

$1,399,000
  • 3 Beds
  • 4 Baths
  • 2,176 Sq.Ft.
For Sale
$1,399,000 Get Pre-Qualified

Map preview of 1967 Atlantic Ave, Long Beach, CA 90806

Property Overview: 1967 Atlantic Ave Long Beach, CA has 3 bedrooms, 4 bathrooms, 2,176 living square feet and 5,588 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: This remarkable 4-plex in Long Beach is not just another property—it's a lucrative venture waiting to be seized. Boasting an impressive gross income of $126,000 per year, this gem stands out as one of the most profitable 4-unit properties on the market. Here's what makes this property truly exceptional: Brand New ADU with EV Charging: Built with precision in 2023, this additional dwelling unit offers modern amenities and the convenience of electric vehicle charging—a forward-thinking feature that adds significant value. Diverse Rental Portfolio: With one fully operating Airbnb unit and three fully furnished units catering to traveling nurses on short-term rentals, this property offers a versatile income stream. While all units can be delivered vacant upon request, the substantial income generated makes it an enticing proposition to retain the existing tenants. Modern Comforts: Each unit is equipped with its own washer and dryer, along with brand new appliances, ensuring convenience and quality living for tenants. Ample Parking: Say goodbye to parking woes with generous off-street parking, providing convenience for both residents and guests. Comfortable Living Spaces: Enjoy year-round comfort with AC mini-splits installed in all four units, ensuring a pleasant environment regardless of the season. Comprehensive Renovation: With new electrical, plumbing, windows, and smooth stucco, this property has undergone a full remodel and rebuild in 2023. From top to bottom, every detail has been meticulously crafted to offer a turnkey, move-in ready experience. Say goodbye to maintenance headaches—this property promises hassle-free ownership. Don't miss out on this rare opportunity to own a high-income-generating property that's not only profitable but also meticulously designed for long-term success. Whether you're a seasoned investor or new to the market, this 4-plex offers an unparalleled combination of income potential and modern amenities—a truly exceptional investment opportunity in Long Beach.

Listed by Juan Huizar | BRE #01417642 | Sage Real Estate
Last checked: 12 minutes ago | Last updated: April 21st, 2024 | Source CRMLS | DOM: 47
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Home details

Lot Sq. Ft
5,588
HOA Dues
$0/mo
Year built
1922
Garage
--
Property Type:
Fourplex
Status
Active
MLS#
PW24046763
City
Long Beach
County
Los Angeles
Time on Site
56 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Leased Units: 4
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Furnished
  • Actual Rent: $4,300
  • Total Rent: $4,300
  • Pro Forma/Market Rent: $4,300
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Furnished
  • Actual Rent: $1,800
  • Total Rent: $1,800
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Furnished
  • Actual Rent: $2,600
  • Total Rent: $2,600
  • Pro Forma/Market Rent: $2,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6.3%
  • Gross Rent Multiplier: 11.1
  • Gross Scheduled Income: $126,000
  • Net Operating Income: $88,200
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $37,800
  • Licenses: $400
  • New Taxes: $18,125
  • Trash: $720
  • Gardener: $780
  • Insurance: $2,800
  • Maintenance: $1,800
  • Water/Sewer: $900

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Property Details for 1967 Atlantic Ave

Interior Features
Cooling Information
  • Has Cooling
  • Ductless
Heating Information
  • Has Heating
  • Ductless
Laundry Information
  • Has Laundry
  • Inside
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Vinyl
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Driveway
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 7209003024
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected
Assessment Information
  • Has Assessments
  • Assessments: Buyer to Verify
Location / Neighborhood
Location Information
  • Subdivision Name: Poly High (PH)
  • Directions: North of Pacific Coast High
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Street Lights
View more facts & features

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Sale History for 1967 Atlantic Ave

Last sold for $600,000 on March 10th, 2021
  • March, 2024

  • Mar 8, 2024

    Date

    Active

    CRMLS: PW24046763

    $1,450,000

    Price

  • March, 2021

  • Mar 10, 2021

    Date

    Sold

    CRMLS: OC21050656

    $600,000

    Price

  • Mar 10, 2021

    Date

    Active

    CRMLS: OC21050656

    $600,000

    Price

  • Listing provided courtesy of CRMLS

    SOLD BEFORE PROCESSING

  • November, 2019

  • Nov 5, 2019

    Date

    Sold (Public Records)

    Public Records

    $496,000

    Price

  • January, 2003

  • Jan 14, 2003

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 1967 Atlantic Ave

Assessed Value (2020): $496,000
Year Land Value Improved Value Assessed Value
2020 $350,000 $146,000 $496,000

Home Value Compared to the Market

This property vs the competition

1967 Atlantic Ave is listed 74.9% higher than the median list price for the city of Long Beach which has a median list price of $799,900. The median price per/sqft for Long Beach is $644 and this home is listed at $642.92 per/sqft which puts the price per square foot 0.17% lower than the median price per square foot for the city of Long Beach.

About 1967 Atlantic Ave

Detailed summary of property

1967 Atlantic Ave is a fourplex located in Long Beach, CA 90806 and is currently for sale. This fourplex offers 3 bedrooms, 4 bathrooms, roughly 2,176 living square feet, and sits on an approximately 5,588 square foot lot. 1967 Atlantic Ave was first listed on ArdentRealEstateGroup.com on March 8, 2024. The homeowner is currently asking $1,399,000 and was originally asking $1,450,000. The median priced home in Long Beach is $799,900 with a median price per square foot of $644. Based on Ardent Real Estate Group's Long Beach Market Data, this home is listed 74.9% higher than the median priced home. Local competing homes currently for sale include 1408 Rose Ave, 1163 Magnolia Ave and 1615 Cherry Ave. While the average home in Long Beach, CA is selling in 54 days, 1967 Atlantic Ave has a days on market of 47 days. There are currently 610 homes for sale in the Long Beach real estate market and 349 of them are single family homes while 248 of them are condos and 13 are townhomes. For more information on this home for sale at 1967 Atlantic Ave Long Beach, CA 90806 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 1967 Atlantic Ave

Public county record property details
Beds
4
Baths
4
Year built
1922
Sq. Ft.
1,546
Lot Size
5,625
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
21
APN
7209-003-024

The source for these homes facts are from public records.

90806 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$829,000
Median List Price/Sq.Ft.
$662
Median Sold Price
$600,000
Median Sold Price/Sq.Ft.
$641
Total Inventory
15
Median Sale to List Price %
101.69%
Avg Days on Market
16
Loan Type
Conventional (55.56%), FHA (11.11%), VA (0%), Cash (0%), Other (33.33%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.