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1805 E 6th St, Long Beach, CA 90802

$1,495,000

Description

This is a stunningly well kept 4 unit complex consisting of large comfortable units. The building has unique finishes not typically found on investment properties of this type. The owner has lived in the property for 20 years and maintained the building to emulate condition. Each unit has its own private patio to soak in the spectacular Southern Califonia weather year round. The building also has a shared courtyard in which tenants can gather to watch TV or just relax. With a state of the art security system and a gated entryway from the street, this is a safe and comfortable living space in a rapidly growing Long Beach real estate market.

Investment Highlights: 

● Great unit mix consisting of (3) 2bd/2ba, and a large 1bd/1b owners unit
● Prime location of Long Beach
● Already maintaining great current rents
● Private patio per each unit
● Private property entrance from the street

 

Property Downloads

Address

  • City: Long Beach
  • State/county: CA
  • Country: United States

Detail

Updated on April 10, 2019 at 3:39 pm

  • Price: $1,495,000
  • Property Size: 3,746 Sq Ft
  • Land Area: 3,678 Sq Ft
  • Year Built: 1964
  • Property Type: Multifamily
  • Property Status: Active
  • Numbers of Units: 4
  • NOI: $58,086
  • GRM: 18.59
  • CAP RATE: 3.89%
  • Price per Unit: $373,750
  • Market GRM: 15.01
  • Market CAP RATE: 4.97%

Contact info

Tyler Caldwell
Tyler Caldwell
(310) 880-6571(310) 872-4657
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