Log In/Sign Up
Your email has been sent.
3117 E 6th St 9 Unit Apartment Building $3,300,000 ($366,667/Unit) 5.53% Cap Rate Long Beach, CA 90814
INVESTMENT HIGHLIGHTS
- Fully renovated interiors with quartz and stainless-steel finishes.
- 100% occupancy with month-to-month leases for flexibility.
- Strong income metrics with pro forma cap rate of 6.45%.
- Prime Eastside Long Beach location near Retro Row.
- Nine on-site parking spaces and community BBQ area.
- Walkable to shops, dining, and Rose Circle Park.
EXECUTIVE SUMMARY
The opportunity at 3117 E. 6th Street, located in the thriving Eastside Long Beach neighborhood, is just two blocks from the bustling Fourth Street/Retro Row. This 9-unit property comprises (2) one-bedroom/one-bath units and (7) two-bedroom/one-bath units, each meticulously renovated to include modern wood-style flooring, quartz countertops, Shaker-style cabinetry, stainless steel appliances, and designer fixtures throughout.
Key Features:
Comprehensive renovation with high-end finishes
Community BBQ and dining facilities
Prime location with excellent walkability to Fourth Street and Retro Row
The Eastside Long Beach area is a sought-after submarket, offering tenants easy access to a vibrant mix of shops, eateries, and boutiques. The property is also situated near Rose Circle Park, a neighborhood known for its beautiful 1910–1922 Craftsman Bungalows and a lively array of dining, nightlife, and retail amenities.
Fourth Street/Retro Row is a top destination for both locals and visitors, renowned for its eclectic selection of vintage and contemporary clothing, furniture, home goods, art, antiques, skateboards, and a variety of locally owned restaurants, coffee shops, and wine bars.
This turnkey property provides an excellent opportunity for buyers seeking a fully renovated asset in a highly desirable location. We invite you to explore this outstanding investment opportunity and discuss how it can benefit your clients.
Key Features:
Comprehensive renovation with high-end finishes
Community BBQ and dining facilities
Prime location with excellent walkability to Fourth Street and Retro Row
The Eastside Long Beach area is a sought-after submarket, offering tenants easy access to a vibrant mix of shops, eateries, and boutiques. The property is also situated near Rose Circle Park, a neighborhood known for its beautiful 1910–1922 Craftsman Bungalows and a lively array of dining, nightlife, and retail amenities.
Fourth Street/Retro Row is a top destination for both locals and visitors, renowned for its eclectic selection of vintage and contemporary clothing, furniture, home goods, art, antiques, skateboards, and a variety of locally owned restaurants, coffee shops, and wine bars.
This turnkey property provides an excellent opportunity for buyers seeking a fully renovated asset in a highly desirable location. We invite you to explore this outstanding investment opportunity and discuss how it can benefit your clients.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$252,036
|
$37.58
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$252,036
|
$37.58
|
| Taxes |
$44,000
|
$6.56
|
| Operating Expenses |
$25,444
|
$3.79
|
| Total Expenses |
$69,444
|
$10.36
|
| Net Operating Income |
$182,592
|
$27.23
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $252,036 |
| Annual Per SF | $37.58 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $252,036 |
| Annual Per SF | $37.58 |
| Taxes | |
|---|---|
| Annual | $44,000 |
| Annual Per SF | $6.56 |
| Operating Expenses | |
|---|---|
| Annual | $25,444 |
| Annual Per SF | $3.79 |
| Total Expenses | |
|---|---|
| Annual | $69,444 |
| Annual Per SF | $10.36 |
| Net Operating Income | |
|---|---|
| Annual | $182,592 |
| Annual Per SF | $27.23 |
PROPERTY FACTS
| Price | $3,300,000 | Apartment Style | Low-Rise |
| Price Per Unit | $366,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 5.53% | Building Size | 6,706 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 88% |
| Gross Rent Multiplier | 13.09 | No. Stories | 2 |
| No. Units | 9 | Year Built/Renovated | 1961/2019 |
| Property Type | Multifamily | Parking Ratio | 1.49/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | LBR2N | ||
| Price | $3,300,000 |
| Price Per Unit | $366,667 |
| Sale Type | Investment |
| Cap Rate | 5.53% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 13.09 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 6,706 SF |
| Average Occupancy | 88% |
| No. Stories | 2 |
| Year Built/Renovated | 1961/2019 |
| Parking Ratio | 1.49/1,000 SF |
| Zoning | LBR2N |
AMENITIES
SITE AMENITIES
- Laundry Facilities
- Recycling
- Smoke Free
- Storage Space
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | $1,998 | - |
| 2+1 | 7 | $2,400 | - |
1 1
Walk Score®
Walker's Paradise (93)
Bike Score®
Very Bikeable (71)
PROPERTY TAXES
| Parcel Number | 7258-029-024 | Total Assessment | $3,444,981 |
| Land Assessment | $1,804,513 | Annual Taxes | $44,000 ($6.56/SF) |
| Improvements Assessment | $1,640,468 | Tax Year | 2025 Payable 2025 |
PROPERTY TAXES
Parcel Number
7258-029-024
Land Assessment
$1,804,513
Improvements Assessment
$1,640,468
Total Assessment
$3,444,981
Annual Taxes
$44,000 ($6.56/SF)
Tax Year
2025 Payable 2025
1 of 28
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
3117 E 6th St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.