711 E 6th St, Long Beach, CA 90802
711 E 6th St, Long Beach, CA 90802
711 E 6th St, Long Beach, CA 90802
711 E 6th St, Long Beach, CA 90802
711 E 6th St, Long Beach, CA 90802
711 E 6th St, Long Beach, CA 90802
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$ 2,000,000
Est. payment | /mo

12 Baths

4,820 SqFt


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$ 2,000,000
Est. payment | /mo
Save

12 Baths

4,820 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 4,820 sqft

Price per Sqft $414

MLS Listing ID 26901557

Year Built 1923

Lot Size 7,554 Sqft

Acres 0.1734

Property Sub-Type Multi-Family

Property Description

711 E 6th St | 12-Unit Multifamily, Long Beach. 1953-built asset totaling 5,040 SF on an 8,064 SF lot in an established residential corridor near Long Beach's downtown core. The property features (12) studio units averaging 420 SF with zero parking obligationa structural advantage in this dense urban submarket. Ten units are currently occupied and every unit is at or below market, with in-place rents averaging $1,507.50/month against market rents of $1,525 and two units positioned at market ready to lease. Offered at $2,000,000 ($166,667/unit | $396.83/SF) with a 6.64% in-place cap rate, the real story is execution simplicitya 6.77% pro forma cap and immediate distribution capacity as two market-ready units lease with zero capex required.

Location

State CA

County Los Angeles

Area Downtown Area, Alamitos Beach

Zoning LBPD30

Rooms

Other Rooms None

Interior

Heating None

Cooling None

Equipment None

Exterior

Parking Features None

Building

Level or Stories One

Others

Special Listing Condition Standard

TheMLS (CLAW)
Listed by Lyon Stahl Investment Real Estate, Inc.

Nearby Locations

GET MORE INFORMATION

Name

Name

Phone*

Phone

Message

Message
Armand Martin

+1(661) 221-5011

armand.martin@exprealty.com

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711 E 6th St