$3,395,000
6068 Atlantic Avenue, Long Beach CA 90805
Multi-Family (12 Units)
Property type
1 day
On market
$487
Price per sqft
N/A
Garage
1946
Year built
9,180 sqft
Lot size
Open Houses
Overview
Huge 500k Price Reduction! 100% Renovated 12-unit apartment building cash flowing at an amazing current 7% Cap Rate from day 1. Preliminary plans to add 8 detached ADUs to achieve a remarkable 10.3% Cap Rate, 7.6 GRM, and 207k/unit after taking into account all construction costs (~745k assuming $225/SF). The property features an easy to rent unit mix of 12 (1-bed/1bath) units...
Listing provided by: Julio Ruiz DRE #01911261 818-524-0706, Global Platinum Properties, Inc.
Listing updated: Jun 8, 2026 at 09:29pm.
Last checked: Jun 8, 2026 at 10:00pm
Source: CRMLS #26844723
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 1 | 1 | — | $2,267 | $2,587 | $2,267 | Unfurnished |
| 1 | 1 | 1 | — | $2,267 | $2,346 | $2,267 | Unfurnished |
| 1 | 1 | 1 | — | $2,267 | $1,947 | $2,267 | Unfurnished |
| 1 | 1 | 1 | — | $2,267 | $2,470 | $2,267 | Unfurnished |
| 1 | 1 | 1 | — | $2,267 | $2,817 | $2,267 | Unfurnished |
| 1 | 1 | 1 | — | $2,267 | $1,797 | $2,267 | Unfurnished |
| 1 | 1 | 1 | — | $2,267 | $1,835 | $2,267 | Unfurnished |
| 1 | 1 | 1 | — | $2,267 | $2,362 | $2,267 | Unfurnished |
| 1 | 1 | 1 | — | $2,267 | $1,710 | $2,267 | Unfurnished |
| 1 | 1 | 1 | — | $2,267 | $2,270 | $2,267 | Unfurnished |
| 2 | 1 | 1 | — | $2,267 | $0 | $2,267 | Unfurnished |
# of Buildings: 12
# of Units Total: 12
Refrigerator: 12
Financial Snapshot
Gross Rent Multiplier
10.6x
List Price / Annual Gross Rent
Cap Rate
7%
NOI / List Price
Net Operating Income: $237,711
Interior
Interior Features: Ceiling Fans
Heating: Wall Furnace
Appliances: Refrigerator
Exterior
Stories Total: 2
Levels: Multi Split
Garage and Parking
Parking: Uncovered
Parking Total: 13
Lot Information
Land Lease: No
Parcel #: 7124016005
Zoning: LBCNA
Lot Size Dimensions: 80x115
Community
HOA: No
Senior Community: No
Nearby Schools
Nearby schools around the 6068 Atlantic Avenue, Long Beach, CA 90805. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$2,716,000
Total Interest
$3,464,108
Total Payment
$6,180,108
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$20,853
per month
Property History for 6068 Atlantic Avenue
Long Beach Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90805.
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