1056 E 6th St - Apartments FOR SALE


Long Beach, CA 90802- Downtown Long Beach
$2,450,000 USD
424-777-3606
1056 E 6th St, Long Beach, CA for Sale
$2,450,000 USD
Apartments - FOR SALE
1/31
null | 5.21% Cap Rate

1056 E 6th St
Long Beach, CA 90802
Downtown Long Beach


HIGHLIGHTS

  • Ample Rent Upside & 4 Garages with ADU conversion potential
  • Minuites to the Beach and Downtown Walkers Paradise
  • Historically Stable Income

OVERVIEW

Discover an exceptional investment opportunity in the heart of Long Beach’s vibrant East Village/Alamitos Beach corridor. Situated just minutes from the beach, Downtown Long Beach, major transit lines, and local dining and retail, 1056 E. 6th St. offers the perfect blend of convenience and desirability for tenants. The property consists of eight (8) well-maintained 1-bedroom/1-bath units and one (1) 2-bedroom/1-bath unit. This practical and efficient layout appeals to the strong local demand for smaller rental units, supporting consistent occupancy and dependable renter interest. Includes four secure, private garages, offering valuable on-site parking—an attractive amenity in this neighborhood. The garages also provide an opportunity for additional rental income or enhanced tenant convenience. Property Highlights ·Prime Location: Centrally located near the coast, Downtown LB, Retro Row, and major employment hubs—highly attractive to renters seeking urban living with neighborhood charm. ·Historically Strong Occupancy: The property has maintained a high occupancy rate, reflecting its stable tenant base and consistent renter demand in this sought-after area. ·Reliable Income Stream: With historically strong income performance, this asset offers dependable cash flow and long-term financial stability for investors. ·Ample Rent Upside: Current rents are approximately 15% below market, offering investors a clear value-add opportunity to capture significant rental upside over time. ·On-Site Laundry Room: Additional tenant convenience and supplemental revenue potential through the property’s dedicated laundry facility. 1056 E. 6th St. is a proven income-producing asset located in one of Long Beach’s most desirable rental submarkets. Ideal for investors seeking stability, long-term performance, and a well-located multifamily property with enduring renter appeal.

FOR SALE DETAILS

PRICE

$2,450,000 USD

PRICE/SF

$440 USD /SF

# OF UNITS

9

PRICE/UNIT

$272,222

CAP RATE

5.21%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,652 SF

ZONING

R3S, Long Beach

APN/PARCEL ID

7266-007-005

ASK ABOUT THIS PROPERTY

Chris EtoOcean Palisades Realty, Inc.More Info
424-777-3606

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Chris EtoOcean Palisades Realty, Inc.More Info
424-777-3606

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.