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1060 E 6th St
Long Beach, CA 90802 Downtown Long Beach

$950,000 USD

Apartments For Sale  •  1,548 SF

Property Details

  • Property Type Apartments
  • Total Building Size 1,548 SF
  • Lot Size 0.04 AC
  • Building Class C
  • Year Built 1904
  • Cap Rate 5.00 %
  • Zoning LBR3S
65 Transit Score
92 Walk Score

Highlights

Well maintained 4-plex built in 1904 ; Unit mix of (3) Studios and (1) 2BD/1BA unit
Situated in the prime location of North Alamitos Beach ; No local rent control
Upgrades include vinyl flooring and new water heaters ; Units 1 & 4 have a shared private patio
Close proximity to retail, dining, and entertainment ; Owner collects RUBS from tenants to offset utilities ;
5 minute drive to the Long Beach Waterfront ; Strong in place rents with low overhead
New laminate floors, granite countertops, and new light fixtures.
Cap Rate: 5.00 %

Amenities

  • Heating

Public Transportation

Transit/SubwayDriveWalkDistance
5Th Street Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 13 min 0.7 mi
1St Street Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 3 min 18 min 0.9 mi
Pacific Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 3 min 19 min 1.0 mi
AirportDriveWalkDistance
Long Beach (Daugherty Field) 10 min - 4.3 mi
John Wayne/Orange County 30 min - 20.5 mi
Los Angeles International 33 min - 22.4 mi
Jake Glaser 310-494-6368 Lyon Stahl Investment Real Estate
Jake Glaser 310-494-6368 Lyon Stahl Investment Real Estate