3117 E 6th ST Long Beach, CA 90814
Active
$3,225,000
1%
9 Units
16 Beds
9 Baths
6,000 Area(sq.ft.)
6,501 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 1 | 1 | No | $ 1,945 | n/a | $ 2,050 |
| Unit 2 | 1 | 2 | 1 | No | $ 2,400 | n/a | $ 2,650 |
| Unit 3 | 1 | 2 | 1 | No | $ 2,300 | n/a | $ 2,650 |
| Unit 4 | 1 | 1 | 1 | No | $ 1,695 | n/a | $ 2,050 |
| Unit 5 | 1 | 2 | 1 | No | $ 2,300 | n/a | $ 2,650 |
| Unit 6 | 1 | 2 | 1 | No | $ 2,245 | n/a | $ 2,650 |
| Unit 7 | 1 | 2 | 1 | No | $ 2,300 | n/a | $ 2,650 |
| Unit 8 | 1 | 2 | 1 | No | $ 2,367 | n/a | $ 2,650 |
| Unit 9 | 1 | 2 | 1 | No | $ 2,150 | n/a | $ 2,650 |
| 9 | 9 | 16 | 9 | $ 19,702 | $ 0 | $ 22,650 |
| MLS #: | DW24247496MR |
| Days On Market: | 3 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 538 |
| Price per unit: | $ 358,333 |
| Year Built: | 1961 |
Property Details
Presenting a prime investment opportunity in the heart of Long Beach's vibrant Eastside neighborhood! This fully renovated 9-unit property, originally built in 1961 and beautifully updated in 2019, offers 6,706 sq ft of living space on a 6,534 sq ft lot. The complex features 2 one-bedroom/one-bath units and 7 two-bedroom/one-bath units, all meticulously renovated with modern wood-style flooring, quartz countertops, Shaker-style cabinetry, stainless steel appliances, and designer fixtures. Located just two blocks from the bustling Fourth Street/Retro Row, this property boasts excellent walkability and access to a diverse array of shops, restaurants, and entertainment. With a current NOI of $152,215 and a strong occupancy rate, this turnkey investment promises strong returns in a highly desirable location.Interested in this Listing?
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Income Details
| Rent Control: | False |
| Gross Operating Income: | $ 241,140 |
| Total Annual Expense: | $ 106,932 |
| Net Operating Income: | $ 152,215 |
| Cap Rate: | 4.72% |
| Gross Rent Multiplier: | 13.37 |
| Actual Gross Rent: | $ 20,517 |
Structure
| Community Features: | Sidewalks |
| Sewer: | Public Sewer |
| Water: | Public |
Land & Parking
| Zoning: | LBR2N |
| Land Lease Type: | Fee |
Interior
| Laundry: | Community |
| Laundry Equipment: | Own |
| Laundry Income: | 780.00 |
Exterior
| Pool: | No |
Detailed Map
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