2506 E 6th St - Multi-Family FOR SALE


Long Beach, CA 90814- Eastside Long Beach
$1,785,000 USD
310-982-7055
2506 E 6th St, Long Beach, CA for Sale
$1,785,000 USD
Multi-Family - FOR SALE
1/28
null | 5.6% Cap Rate

2506 E 6th St
Long Beach, CA 90814
Eastside Long Beach


HIGHLIGHTS

  • Huge Units, Two Car Garages for each Unit

OVERVIEW

Absolutely enormous 1988 triplex with three huge homes on one lot in the heart of Rose Park South. Comprised of nearly 6000 rentable square feet, this rare unique property features a 3267 square foot 5 bed, 4 bath front house perfect for an owner-occupant including an attached 2 car direct access garage with laundry, huge primary suite with jacuzzi bathroom, dual vanity, vaulted ceilings, balcony, fireplace and a private back patio. Two separate townhome style rear units each with 3 beds, 2 baths, primary suites, fireplaces, laundry, balconies, and a 2 car garage for each unit. All three units have been renovated in the last few years with new vinyl flooring, cabinets, lighting, bathrooms, paint, and more. Priced to sell at under $300/sq ft in one of the best areas of the city. Move right in or maximize investment square footage. 11.6X GRM on in-place rents with an upside to 11.2X GRM. 5.6% cap rate on actuals and 5.9% cap rate on market rents. Located on a quiet street in Rose Park South, one of the best historic neighborhoods in the city. 2 blocks from Retro Row, the trendiest strip of boutiques and restaurants on 4th st. Only 6 blocks to Alamitos Beach and a short walk to Carrol Park, Bixby Park, the Long Beach Museum of Art, and so much more.

FOR SALE DETAILS

PRICE

$1,785,000 USD

PRICE/SF

$299 USD /SF

# OF UNITS

3

PRICE/UNIT

$595,000

CAP RATE

5.6%

% LEASED

66%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2506 E 6th St

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1988

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,512 SF

ZONING

LBR3S

APN/PARCEL ID

7263-021-023

ASK ABOUT THIS PROPERTY

Anthony WalkerBuckingham InvestmentsMore Info
310-982-7055

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Anthony WalkerBuckingham InvestmentsMore Info
310-982-7055

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