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621 E 6th St
Long Beach, CA 90802
Multifamily Property For Sale
·
11 Units
Investment Highlights
- Prime Location, just outside of the Booming Downtown Long Beach
- Remodels include new hardwood flooring, new cabinets, brand new stainless steel appliances
- Currently operating at a 4.51% Cap and 14.15 GRM, nearly 30% upside to be made in rental income
- (3) Units have been Meticulously Remodeled
- Great unit Mix of (1) 3-Bd/2-Ba House, (1) 2-Bd/2-Ba, (7) 1-Bd/1-Ba, & (2) Studios; Opportunity to add 1Bed + 1Bath ADU
- All Tenants paying on Time
Property Facts
| No. Units | 11 | Building Size | 8,136 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1923 |
| Building Class | C | Parking Ratio | 0.25/1,000 SF |
| Lot Size | 0.17 AC | ||
| Zoning | PD30, Long Beach | ||
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 8,136 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1923 |
| Parking Ratio | 0.25/1,000 SF |
| Zoning | PD30, Long Beach |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 3 | - | - |
| 1+1 | 6 | - | - |
| 2+2 | 1 | - | - |
| 3+2 | 1 | - | - |
Property Taxes
| Parcel Number | 7274-018-038 | Improvements Assessment | $965,699 |
| Land Assessment | $1,793,441 | Total Assessment | $2,759,140 |
Property Taxes
Parcel Number
7274-018-038
Land Assessment
$1,793,441
Improvements Assessment
$965,699
Total Assessment
$2,759,140
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