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1967 Atlantic Ave, Long Beach, CA, 90806

$1,399,000

Home List Price

$10,000*

Closing Credit

0 Baths
Multi
Schools Nearby

Location

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1967 Atlantic Ave, Long Beach$1,399,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
ParkingDriveway
Year BuiltNew Const., 1922
HeatingDuctless
CoolingDuctless
FireplaceNone
ViewNone
MLS #PW24046763
Lot Size0.13 Acres
StatusActive

About 1967 Atlantic Ave

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.

Property Details

Property Features

Property Information:

  • Year Built: 1922
  • Stories: 2

Listing Office:

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

Interior Features

Interior Information:

  • Flooring Type: Vinyl
  • Fireplace: None

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: None

Parking Information:

  • Parking: Driveway

Lot Features

Lot Information:

  • Lot Size: 0.13 Acres

Utilities

Utilities Information:

  • Heating: Ductless
  • Cooling: Ductless

Other

Directions Information:

  • Directions: North of Pacific Coast High

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,399,000

Tax Information:

  • Annual Amount: $6,656
  • 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

$790K

Med. Price/SqFt

$612

Avg. Days On Market

31

# of Sold Homes

174

1967 Atlantic Ave vs Long Beach

51 DAYS ON ROCKET

+20 Days

$1,399,000

+$609K More

KEY TAKEAWAY

This property is $609K 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: #PW24046763

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: 4/29/2024, 7:25:18 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Mar 09, 2021Home Sold
$600,000

Tax History

YEARPROP. TAXASSESSMENT
2021$6,656$501,138
2020$1,424$496,000
2019$1,300$61,661
2018$1,286$60,453
2017$1,286$59,269

History based on county public records data.

Payment Calculator

$7,050

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,261

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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-2944445
5
/10

  • Burnett Elementary School

  • 565 E Hill St

  • 0.32 miles

  • Public District Grades KG-5

school-card-donut-2944446
5
/10

  • Roosevelt Elementary School

  • 1400 E 20th St

  • 0.65 miles

  • Public District Grades KG-5

school-card-donut-2944447
2
/10

  • Whittier Elementary School

  • 1761 Walnut Ave

  • 0.79 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 $25,759. The most common annual income of people living in Long Beach, CA is less than $35k. The majority of families are single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›California›Los Angeles County›Long Beach›90806›1967 Atlantic Ave

This home is located at 1967 Atlantic Ave in Long Beach, CA and zip code 90806 in the The Harbor neighborhood. This home, which was built in 1922, sits on a 0.13 acre lot. It has been listed on Rocket Homes since March 08, 2024 and is currently priced at $1,399,000.

In March 2024, from all listings sold in Long Beach, CA there were more than 76 sold above asking price, over 59 sold below and more than 39 were sold right at the asked price. The inventory of homes for sale in Long Beach, CA between February 2024 and March 2024 increased by 1.8%. In March 2024, listings were on the market for 31 days. During the same period, the median list price in this real estate market was $790,000.

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

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