new - 2 days on rocket

6089 Atlantic Ave, Long Beach, CA, 90805

$1,475,000

Home List Price

$10,000*

Closing Credit

0 Baths
Multi

Location

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6089 Atlantic Ave, Long Beach$1,475,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
ParkingConcrete, Driveway, On Site
Year Built1953
HeatingDuctless
CoolingDuctless
ViewNone
MLS #PW24251736
Lot Size0.10 Acres
StatusActive

About 6089 Atlantic Ave

Introducing 6089 Atlantic Ave – A Turnkey 4-Plex Investment Opportunity! This beautifully remodeled 4-unit property is a rare gem in Long Beach, offering both newly constructed ground-floor units and fully renovated top-floor units. With a mix of two 3-bedroom, 2-bath units (735 sq. ft. each) and two 2-bedroom, 1-bath units (600 sq. ft. each), this property delivers modern living spaces that are move-in ready. Key Features: All units available for you to take full control by setting new market rents from day one. Using the City of Long Beach Housing Authority payment standards, the projected annual income is $139,608. Strong Financials: Enjoy a projected cap rate above 6.5% and a gross rent multiplier of 10.5, based on potential market rents. Turnkey Condition: All units have been upgraded with top-to-bottom renovations, including in-unit laundry hookups and energy-efficient mini-split systems. Parking: Ample parking is available in both the front and rear of the property. Zoning & Development Potential: This property is situated in an RMU-3-A zoning area, allowing for high-density residential development. Options include: Re-permit the ADU as a primary unit by paying applicable fees. Add up to 3-4 detached ADUs in the front or center open spaces for additional rental income. Maximize Density: Explore the potential to develop 30-50 units with density bonuses, making this property an excellent covered land play for future growth. Whether you’re looking for a fully renovated, income-generating property or a site with incredible redevelopment potential, 6089 Atlantic Ave checks all the boxes. Don’t miss this unique opportunity to invest in Long Beach's thriving real estate market. Contact us today for more details or to schedule a showing!

Property Details

Property Features

Property Information:

  • Architectural Style: Modern, Traditional
  • Year Built: 1953
  • Stories: 2

Listing Office:

  • Office Name: Sage Real Estate
  • Office Phone: (562) 307-0838
  • Listing Agent: Juan Huizar

Interior Features

Interior Information:

  • Appliances: Electric Range
  • Flooring Type: Vinyl

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: None

Parking Information:

  • Parking: Concrete, Driveway, On Site

Lot Features

Lot Information:

  • Lot Size: 0.10 Acres

Utilities

Utilities Information:

  • Heating: Ductless
  • Cooling: Ductless

Other

Directions Information:

  • Directions: Atlantic & 61st

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,475,000

Tax Information:

  • Annual Amount: $1,456
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Long Beach, CA.

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Long Beach, CA

City

Med. Sold Price

$825.1K

Med. Price/SqFt

$633

Avg. Days On Market

35

# of Sold Homes

162

6089 Atlantic Ave vs Long Beach

2 DAYS ON ROCKET

-33 Days

$1,475,000

+$649.8K More

KEY TAKEAWAY

This property is $649.8K more than the Median Sold Price in Long Beach, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #PW24251736

Listing Office:

  • Office Name: Sage Real Estate
  • Office Phone: (562) 307-0838
  • Listing Agent: Juan Huizar

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/21/2024, 8:20:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$1,456$61,548
2020$1,429$60,917
2019$1,324$59,724
2018$1,353$58,554
2017$1,353$57,407

History based on county public records data.

Payment Calculator

$7,429

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,489

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-780174
5
/10

  • Grant Elementary School

  • 1225 E 64th St

  • 0.68 miles

  • Public District Grades KG-5

school-card-donut-780175
4
/10

  • Bret Harte Elementary School

  • 1671 E Phillips St

  • 0.90 miles

  • Public District Grades KG-5

school-card-donut-780176
5
/10

  • Addams Elementary School

  • 5320 Pine Ave

  • 0.92 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $40,656. Most Long Beach, CA residents have annual incomes between $35k-100k. Most families are married, with kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›California›Los Angeles County›Long Beach›90805›6089 Atlantic Ave

This home is located at 6089 Atlantic Ave in Long Beach, CA and zip code 90805 in the The Harbor neighborhood. This home, which was built in 1953, sits on a 0.10 acre lot. It has been listed on Rocket Homes since December 19, 2024 and is currently priced at $1,475,000.

In November 2024, from all listings sold in Long Beach, CA there were more than 66 sold above asking price, over 64 sold below and more than 32 were sold right at the asked price. Between October 2024 and November 2024, Long Beach, CA real estate market has seen decrease in the number of listings by 10.6%. In November 2024, listings were on the market for 35 days. During the same period, the median list price in this real estate market was $825,128.

From Rocket Homes Real Estate and based on county public records data.

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