Price Reduction! 100% Renovated 12-unit apartment building cash flowing at an amazing current 6.5% Cap Rate from day 1. Preliminary plans to add 8 detached ADUs to achieve a remarkable 9.7% Cap Rate, 8 GRM, and 217k/unit after taking into account all construction costs (~660k assuming $200/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.
Listed by Armin Soleimani
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License #01846872
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Global Platinum Properties, Inc.
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310-666-2246
Listed by Julio Ruiz
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License #01911261
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Global Platinum Properties, Inc.
Last updated October 16, 2025
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Source: CRMLS #25603459
Listing Facts
TypeMulti-family
NeighborhoodHoughton Park
Bedrooms12
Days on Prevu15
Size6,966 sqft
Price per sqft$530
Amenities
Parking
Location
Mortgage Calculator
Listing History
10/08/2025
Listed by Global Platinum Properties, Inc.
$3,695,000
Property Details for 6064 Atlantic Avenue
Exterior
Construction
Number Of Units Total: 12
Stories Total: 2
Year Built: 1946
Measurements
Building Area Total: 6,966
Lot Size Acres: 0.21
Lot Size Area: 9,180
Lot Size Dimensions: 80,115
Lot Size Source: Owner
Lot Size Square Feet: 9,180
Lot Size Units: Square Feet
Financial
Residential Income
Cap Rate: 6.5
Gross Income: $327,354.00
Taxes
Parcel Number: 7124016005
Interior
Features
Appliances: Refrigerator
Interior Features: Ceiling Fan(s)
Measurements
Living Area: 6,966
Rooms
Bathrooms Total Integer: 12
Bedrooms Total: 12
Parking
Parking
Parking Features: Uncovered
Parking Total: 13
Utilities
Equipment
Heating: Wall Furnace
Has Heating: Yes
Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.
