801 Atlantic Ave Long Beach, CA 90813-4512
Property profile & analytics
801 Atlantic Ave Long Beach, CA 90813-4512
- Investment properties
- 3,312 SF
- 0.07 lot acres
Property ID
US09-6389536
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Investment properties
Property Details for 801 Atlantic Ave
- Year built
- 1914
- Construction
- WOOD
- Lot size
- 0.07 lot acres
- Property size
- 3,312 SF
- Zone code
- LBCO
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 7274-016-016
- APU
- 7274016016
Description
This exceptional investment opportunity presents a four-unit apartment building located at 801 Atlantic Ave, Long Beach, CA 90813. Built in 1914, this two-story building encompasses 3,312 square feet on a 3,001 square foot lot. The property features a mix of two 2-bedroom and two 3-bedroom units, offering significant rental income potential. Currently boasting a Net Operating Income (NOI) of $72,613 and a 4.8% cap rate, projections indicate a Pro-Forma NOI of $79,445 and a 5.2% Pro-Forma cap rate. The asking price is $1,475,000, translating to $460.45 per square foot and $381,250 per unit. The land value alone is assessed at $508 per square foot. One 3-bedroom unit will be delivered vacant, presenting an ideal opportunity for an owner-occupant. The property's prime location near Downtown Long Beach and major transportation arteries, including the 710 Freeway and Pacific Coast Highway, ensures high tenant demand. This stabilized investment offers a compelling combination of current income and future growth potential, making it an attractive addition to any portfolio. The property is not subject to a ground lease. The gross scheduled rent is $113,220 per year, and the gross rent multiplier (GRM) is 13.47.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $930,000
- 6.5%
- $860,000
- 7%
- $800,000
-
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $795,000 Current use
- OFFICE BUILDING
- $1,175,000 Change: +48% Conversion: Easy
- AUTO REPAIR, GARAGE
- $1,050,000 Change: +32% Conversion: Difficult
- RETAIL STORES
- $825,000 Change: +4% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Long Beach
- County
- Los Angeles
- State
- California
- Longitude
- -118.185
- Latitude
- 33.7767
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$14,916
$400,000
$720,360
$1,120,360
-
$0.00
$0.00
$0.00
