Est. cap rate

2.4%

Assumed rent, all units

$4,020/mo

Units

2

Price per unit

$499,500

Est. annual NOI

$24,120

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

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Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Duplex

Bedrooms

3

Building size

2,085 sqft

Lot size

7,056 sqft

Year built

1912

Stories

1

Garage spaces

0

Style

Craftsman

Heating

Central

Cooling

Central Air

Pool

None

Status

Active

Days on market

179

MLS #

246229452

About this property

Income Producing • Duplex + Additional Unit • Owner-User Opportunity • Renovated• Perfect 1031 Exchange Opportunity • Located at 1347 Atlantic Ave in Long Beach, this income-producing property offers multiple units and flexible living options on a 7,000+ sq ft lot, ideal for investors or owner-users looking to offset their mortgage. The front home is a revived single-story Craftsman, offering over 1,700 sq ft with 3 bedrooms and 2 bathrooms, blending modern upgrades with preserved classic character. The home has been taken down to the studs and fully renovated, featuring a massive open-concept kitchen with large countertop seating, updated finishes, and seamless flow into the main living areas—ideal for everyday living and entertaining. Interior improvements include designer lighting, updated plumbing fixtures, mirrors, vinyl windows, full HVAC system, full electrical re-wire with new panel, and new water heater. The primary suite offers generous space with an en-suite bath, creating a comfortable private retreat. The rear unit is a studio apartment, and the property also includes a third income-producing unit (inquire for details), providing additional rental potential and flexibility for extended occupancy or supplemental income. Exterior features include a large covered front patio resurfaced with stone, turf front yard, large rear backyard, fresh landscaping, and expansive driveway space with parking for multiple vehicles, including a 5-car driveway for the front home and separate 2-car driveway for the rear unit. A rare opportunity to own a fully renovated, multi-unit property with strong income potential, flexible living options, and extensive upgrades already completed.

Location

1347 Atlantic

Long Beach, Los Angeles, CA, 90813