6068 Atlantic Ave Long Beach, CA 90805
Houghton Park NeighborhoodEstimated payment $19,766/month
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.
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
Map
Home Values in the Area
Average Home Value in this Area
Tax 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.
| 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 |
|---|---|---|---|---|
| 2026 | $19,033 | $1,298,917 | $865,945 | $432,972 |
| 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
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 |
|---|---|---|---|---|
| 08/11/2026 08/11/26 | For Sale | $3,295,000 | -- | $473 / Sq Ft |
Source: The MLS
MLS Number: 26871087
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© 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
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