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12 Beds
12 Baths
6,966 sqft

$3,225,000

6068 Atlantic Avenue, Long Beach CA, 90805

Price per sqft$462.96
Built in1946
Property size6,966 sqft
Property typeResidential
Listed by Julio Ruiz CA DRE# 01911261 with Global Platinum Properties, Inc. 818-524-0706

Overview

Active

Listed Aug 11, 2026

Updated 2 weeks ago

Huge ~700k 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 10.8% Cap Rate, 7.3 GRM, and 198k/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 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.

$21,456/mo

Est. mortgage payment based on a $3,225,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
26871087

Interior Features

Bedrooms
12
Bathrooms
12
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.21 Acres

Other Property Details

55+/Senior Community
No
MLS provider logo

Listed by Julio Ruiz CA DRE# 01911261 with Global Platinum Properties, Inc. 818-524-0706

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 9/18/2026. This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2026 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 9/18/2026 at 4:25 AM UTC Last Checked: 4:25 AM UTC

 

 

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