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801 Atlantic Ave, Long Beach, CA 90813
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801 Atlantic Ave Long Beach, CA 90813

$1,100,000 Sold Price as of 05/16/2023
  • 10 Beds
  • 4 Baths
  • 3,312 Sq.Ft.
Sold
$1,100,000 Sold Price as of 05/16/2023 Refinance Your Mortgage
Map preview of 801 Atlantic Ave, Long Beach, CA 90813

Property Overview: 801 Atlantic Ave Long Beach, CA has 10 bedrooms, 4 bathrooms, 3,312 living square feet and 3,001 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 801 Atlantic Avenue, Long Beach, CA is a 3,312 square foot, four-unit building was constructed in 1914 and is situated on a 3,001 square foot corner lot, with a unit mix of (2) three-bedroom one-bath units, and (2) two-bedroom one-bathroom units. The property is individually metered for gas and electric and landlord pays for water, sewer, and trash. Unit 805 has washer and dryer hook-ups. Two units will be delivered vacant and one unit (#807) has a pending eviction case. Units will need to be remodeled to achieve market rents. No onsite parking, but there are striped spaces directly in front of the building, and there may be potential to add a space behind the building.

Listed by Tim Steuernol | BRE #01742766 | NAI Capital Commercial Inc.
Last checked: 8 minutes ago | Last updated: June 5th, 2023 | Source CRMLS | DOM: 16

Home details

Lot Sq. Ft
3,001
HOA Dues
$0/mo
Year built
1914
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23253107
City
Long Beach
County
Los Angeles
Time on Site
437 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,700
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,700
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,000
  • Total Rent: $1,000
  • Pro Forma/Market Rent: $2,046
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,046
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,046
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,900
  • Total Rent: $1,900
  • Pro Forma/Market Rent: $2,700
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.65%
  • Gross Rent Multiplier: 11.99
  • Gross Scheduled Income: --
  • Net Operating Income: $62,134
  • Gross Operating Income: $88,999
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 801 Atlantic Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Natural Gas
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • No
  • Parking Features: None
Property Information
  • Total # of Units: 4
  • Parcel Number: 7274016016
  • Property Condition: Fixer
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Other
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: E 8th St and Atlantic Ave
View more facts & features

Local Long Beach Agent

Sale History for 801 Atlantic Ave

Last sold for $1,100,000 on May 16th, 2023

  • May, 2023

  • May 16, 2023

    Date

    Sold

    CRMLS: 23253107

    $1,100,000

    Price

  • Mar 21, 2023

    Date

    Active

    CRMLS: 23253107

    $1,100,000

    Price

  • February, 2012

  • Feb 2, 2012

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • August, 2001

  • Aug 23, 2001

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 801 Atlantic Ave

Assessed Value (2020): $476,503
Year Land Value Improved Value Assessed Value
2020 $142,503 $334,000 $476,503

Home Value Compared to the Market

This property vs the competition

801 Atlantic Ave sold on May 16, 2023 for 37.5% higher than the current median sold price for the city of Long Beach which is $800,000. The median sold price per/sqft for Long Beach is $632 and this home is sold at $332.13 per/sqft which puts the price per square foot 47.45% lower than the current median sale per square foot for the city of Long Beach.

About 801 Atlantic Ave

Detailed summary of property

801 Atlantic Ave is a multi family that recently sold in Long Beach, CA 90813. This multi family property offered 10 bedrooms, 4 bathrooms, roughly 3,312 living square feet, and sits on an approximately 3,001 square foot lot. 801 Atlantic Ave was first listed on ArdentRealEstateGroup.com on March 22, 2023. The homeowner sold the property for $1,100,000. Home in Long Beach are selling for a median price of $800,000 and a median price per square foot of $632. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 37.5% higher than the current median priced home. Local homes that are currently for sale include 2000 Pacific Ave, 1015 Dawson Ave and 1615 Cherry Ave. While the average home in Long Beach, CA is selling in 53 days, 801 Atlantic Ave has a days on market of 16 days. There are currently 654 homes for sale in the Long Beach real estate market and 368 of them are single family homes while 269 of them are condos and 17 are townhomes. For more information on this home for sale at 801 Atlantic Ave Long Beach, CA 90813 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 801 Atlantic Ave

Public county record property details
Beds
--
Baths
--
Year built
1914
Sq. Ft.
3,312
Lot Size
3,000
Stories
1
Type
Commercial/Office/Residential (Mixed Use)
Pool
No
Spa
No
County
Los Angeles
Lot#
4
APN
7274-016-016

The source for these homes facts are from public records.

90813 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$600,000
Median List Price/Sq.Ft.
$563
Median Sold Price
$450,000
Median Sold Price/Sq.Ft.
$576
Total Inventory
33
Median Sale to List Price %
90.82%
Avg Days on Market
62
Loan Type
Conventional (50%), FHA (10%), VA (0%), Cash (10%), Other (30%)

Thinking of Selling?

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Thinking of Selling?
Call, Text or Message
(714) 706-1823

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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.

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