1967 Atlantic Avenue

Long Beach, CA 90806

$1,399,000

Listed Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $642 / sqft

1922

calendar_month Built

Property Description

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.

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A
Flooring Information
Material Vinyl
Fireplace Information
Features None
Interior Information
Cooling Type Ductless

Listing Information

Address 1967 Atlantic Avenue
City Long Beach
State CA
Zip 90806
County Los Angeles
Listing Agent Juan Huizar DRE#01417642
Courtesy Of Sage Real Estate
MLS PW24046763
List Price $1,399,000
Status Active
Type Residential Income
Subtype Quadruplex
Structure Size N/A
Lot Size 5,588
Year Built 1922
DOM 36

Exterior Information

Maps

Listing information courtesy of: Juan Huizar, Sage Real Estate . *Based on information from the Association of REALTORS/Multiple Listing as of Apr 13th, 2024 at 11:57 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.