$3,295,000
$100K PRICE DROP

6068 Atlantic Ave Long Beach, CA 90805

Houghton Park Neighborhood

Estimated payment $21,196/month

Total Views 829
12 Beds
12 Baths
6,966 Sq Ft
$473 Price per Sq Ft

About This Home

Huge 600k Price Reduction! 100% Renovated 12-unit apartment building cash flowing at an amazing current 7.25% Cap Rate from day 1. Preliminary plans to add 8 detached ADUs to achieve a remarkable 10.5% Cap Rate, 7.4 GRM, and 202k/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.

Listing Agent

Armin Soleimani

Global Platinum Properties, Inc. License #01846872 Listed on: 06/08/2026

Co-Listing Agent

Julio Ruiz

Global Platinum Properties, Inc. License #01911261

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1946

Lot Details

  • 9,180 Sq Ft Lot
  • Lot Dimensions are 80x115

Interior Spaces

  • 6,966 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 12 Bathrooms

Parking

  • 13 Parking Spaces
  • Uncovered Parking

Utilities

  • Heating System Mounted To A Wall or Window

Community Details

  • 12 Buildings
  • 12 Units

Listing and Financial Details

  • Assessor Parcel Number 7124-016-005

Property Details

Home Type

Multi-Family

Year Built

Built in 1946

Lot Details

9,180 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Advertising Remarks: Huge 600k Price Reduction! 100% Renovated 12-unit apartment building cash flowing at an amazing current 7.25% Cap Rate from day 1. Preliminary plans to add 8 detached ADUs to achieve a remarkable 10.5% Cap Rate, 7.4 GRM, and 202k/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 & more!
  • Living Area: 6966
  • Lot Acreage: 0.2108
  • Lot Dimensions: 80x115
  • Stories: 2
  • Year Built: 1946
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 12
  • Total Bathrooms: 12.00
  • Equipment: Ceiling Fan, Refrigerator
  • Price Per S Q F T: 473.01

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Uncovered
  • Total Parking: 13

Utilities

  • Cooling: Ceiling Fan
  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 39.45
  • Assessed Improvement Value: 264568
  • Assessed Land Percent: 60.55
  • Assessed Land Value: 406136
  • Total Assessed Value: 670704
  • Assessor Parcel Number: 7124-016-005
  • Lot Size Area: 9180

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114, 2115, 2116
  • Gross Rent Multiplier: 10.20
  • Number Of Units: 12
  • Type Of Units: Misex-Use

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/09/2026 07/09/26 Price Changed $3,295,000 -2.9% $473 / Sq Ft
06/08/2026 06/08/26 For Sale $3,395,000 -- $487 / Sq Ft
Source: The MLS

Source: The MLS

MLS Number: 26844723

The MLS
California Los Angeles County Long Beach 90805 Houghton Park

6068 Atlantic Ave, Long Beach, CA

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The MLS © 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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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Armin Soleimani
Listing Agent
Armin Soleimani
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Global Platinum Properties, Inc.
(562) 573-7488
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