1347 Atlantic

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1347 Atlantic

Long Beach, CA 90813
Asking Price
$1.07M
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building available for purchase in Long Beach
  • Asset features a total of three residential rental units
  • Located at 1347 Atlantic in the 90813 zip code
  • Offered to the market at an asking price of $1,074,900
  • Positioned within the active Southern California coastal rental market

What's Special

Investors seeking to expand their residential holdings in Southern California will find this three-unit apartment building at 1347 Atlantic an efficient acquisition. Located in the densely populated urban core of Long Beach, this multifamily asset provides a direct opportunity to manage a rental property within a historically high-demand coastal market. Long Beach maintains a robust economy driven by its proximity to major logistics hubs and the Port of Long Beach, ensuring a consistent tenant base for well-positioned residential inventory. The property sits within a zip code characterized by high walkability and proximity to public transit lines, making it an attractive option for workforce housing. Given the asset type, this building serves as a stable vehicle for capital preservation or long-term yield. The site benefits from the broader Los Angeles metro area's persistent need for multi-unit housing solutions, providing a solid foundation for property management strategies focused on occupancy and operational efficiency in a supply-constrained environment.

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NOI
$80,000
Cap Rate
7.44%
DSCR
1.25
Strong
Cash-on-Cash
5.02%
Monthly Payment
$5,318.019
Annual Cash Flow
$16,183.775

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