6060 Atlantic Ave Long Beach, CA 90805
Houghton Park NeighborhoodEstimated payment $19,709/month
About This Home
6068 Atlantic Avenue is a fully renovated turnkey 12-unit apartment community located along the rapidly evolving Atlantic Avenue corridor in Long Beach, an area experiencing significant public and private redevelopment investment. This turnkey asset offers investors immediate cash flow at an attractive 7.14% cap rate from day one. The property consists of two buildings and features a unit mix of twelve one-bedroom/one-bath units, including four newly converted retail-to-residential units, and two brand-new attached ADUs. Each unit was fully vacated, extensively renovated, and repositioned to achieve market rents, minimizing near-term capital requirements. Recent upgrades include new electrical and plumbing systems, dual-pane windows, modernized interiors and exteriors, and individual water heaters for each unit. The property is separately metered for gas and electricity, helping to reduce operating expenses. Additionally, preliminary plans to construct eight one-bedroom ADUs in the rear parking area present a compelling value-add opportunity to substantially boost the asset’s revenue. Buyer to verify ADU potential. This offering combines stable in-place income with meaningful upside in one of Long Beach’s targeted growth corridors.
Listing Agent
Steven M. Bogoyevac, Broker Brokerage Email: steve.bogoyevac@marcusmillichap.com License #01332755 Listed on: 05/05/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1946
Lot Details
- 9,180 Sq Ft Lot
- No Common Walls
- Rectangular Lot
Home Design
- Entry on the 1st floor
Interior Spaces
- 6,966 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Bathroom
Parking
- 8 Open Parking Spaces
- 8 Parking Spaces
Location
- Urban Location
Listing and Financial Details
- Legal Lot and Block 6 / 2
- Tax Tract Number 6521
- Assessor Parcel Number 7124016005
- $2,872 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 12 Units
- North Long Beach Subdivision
Building Details
- Rent Control
- 12 Separate Electric Meters
- 12 Separate Gas Meters
- Operating Expense $78,417
- Gross Income $330,794
- Net Operating Income $242,454
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $19,033 | $1,273,449 | $848,966 | $424,483 |
| 2024 | $18,668 | $1,248,480 | $832,320 | $416,160 |
| 2023 | $17,345 | $1,224,000 | $816,000 | $408,000 |
| 2022 | $9,924 | $670,704 | $406,136 | $264,568 |
| 2021 | $9,714 | $657,554 | $398,173 | $259,381 |
| 2019 | $9,558 | $638,053 | $386,364 | $251,689 |
| 2018 | $9,182 | $625,543 | $378,789 | $246,754 |
| 2016 | $8,416 | $601,254 | $364,081 | $237,173 |
| 2015 | $8,120 | $592,224 | $358,613 | $233,611 |
| 2014 | $8,078 | $580,624 | $351,589 | $229,035 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/05/2026 05/05/26 | For Sale | $3,395,000 | +182.9% | $487 / Sq Ft | |
| 02/15/2022 02/15/22 | Sold | $1,200,000 | -7.7% | $197 / Sq Ft | View Prior Sale |
| 11/18/2021 11/18/21 | Pending | -- | -- | -- | |
| 11/17/2021 11/17/21 | For Sale | $1,300,000 | -- | $214 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,200,000 | None Listed On Document | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | Fidelity Van Nuys | |
| Executors Deed | $578,000 | Fidelity Van Nuys | |
| Gift Deed | -- | American Title Co | |
| Grant Deed | -- | American Title Co | |
| Grant Deed | -- | Commonwealth Title | |
| Grant Deed | $320,000 | Stewart Title | |
| Trustee Deed | $190,000 | First American Title Ins Co |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $960,000 | New Conventional | |
| Previous Owner | $300,000 | Commercial | |
| Previous Owner | $256,000 | Commercial | |
| Closed | $64,000 | No Value Available |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW26097416
APN: 7124-016-005
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
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. Properties may or may not be listed by the office/agent presenting the information
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