Multi-Family
800 Atlantic Avenue
Property Snapshot
Address
800 Atlantic Avenue
Long Beach, CA 90813
Long Beach, CA 90813
Purchase Price
$1,482,500.00
Number of Units
9
% Increase in Rents
Since Closing
Since Closing
35.09%
Projected IRR
16.72%
Originally built in 1905, the property is located the highly desirable and trendy East Village Arts District. With a walk score of 91, the area offers residents a diverse variety of grocery, shopping, dining and nightlife amenities as well as proximity to a myriad of employment opportunities. The property has a unique unit mix; comprised of two buildings featuring 7 studios, 1 One Bed + One Bath unit and a Two Bed + One Bath single family residence. Both buildings have on-site laundry facilities.
Purchased as a value-add opportunity, Cochise Capital repositioned the property and increased the rents by greater than 35%.