6064 Atlantic

Long Beach, CA, 90805
For Sale $3,900,000
  • 12beds
  • 6,966sqft
  • 0.21acre
100% Renovated 12-unit apartment building cash flowing at an amazing current 6% Cap Rate from day 1. Preliminary plans to add 8 detached ADUs to achieve a remarkable 9.2% Cap Rate, 8.3 GRM, and 228k/unit after taking into account all construction costs (~660k assuming $200/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 costs.The property has undergone major capital improvements including updated electrical, plumbing, brand-new windows, interiors, exteriors, etc. The fully remodeled units boast new modern cabinets, flooring, lighting, new bathrooms, and more.

Get in touch

Interested in this property or one like it? Reach out today to talk with advertising agent Shen Schulz.

Listed by:
Armin Soleimani with Global Platinum Properties, Inc.
(424) 394-1030
Julio Ruiz with Global Platinum Properties, Inc.
(424) 394-1030
6064 Atlantic is a Residential Income property located in Long Beach, California, featuring a 0.211 acre lot, 6,966 sqft, 12 bedrooms, MLS #25572705.

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Data last modified: 2025-08-08 12:23:54