463 W 6th St - Apartments FOR SALE


Long Beach, CA 90802- Downtown Long Beach
$1,650,000 USD
310-463-2916
463 W 6th St, Long Beach, CA for Sale
$1,650,000 USD
Apartments - FOR SALE
1/9
null | 6.03% Cap Rate

463 W 6th St
Long Beach, CA 90802
Downtown Long Beach


HIGHLIGHTS

  • 6% Cap Rate / 10.49 GRM on Current Rents
  • Desirable 1920's with Upgraded Electrical
  • Prime Downtown Long Beach Location - 89 Walk Score
  • Convenient 710 Freeway Access

OVERVIEW

463 W. 6th Street is a well-located, 8-unit apartment asset in the heart of Downtown Long Beach. Priced at a 6% cap rate and a 10.49 GRM based on current rents, the property offers strong in-place income with additional upside potential. The well-maintained building features new exterior paint and a refreshed entry awning. The unit mix includes (2) 1-bed/1-bath units and (6) studio units, all of which offer hardwood flooring and upgraded kitchens and bathrooms. Additional highlights include upgraded electrical systems and desirable 1920s architectural detailing. Ideally situated in Downtown Long Beach, the property boasts a Walk Score of 89—“Very Walkable”—with most daily errands easily accomplished on foot. The property also offers convenient access to the 710 Freeway, providing seamless connectivity throughout Long Beach and the greater Los Angeles area.

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$412 USD /SF

# OF UNITS

8

PRICE/UNIT

$206,250

CAP RATE

6.03%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1923

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,531 SF

ZONING

LBPD30

APN/PARCEL ID

7272-023-022

ASK ABOUT THIS PROPERTY

Robert SteppStepp Commercial - KWPEMore Info
310-463-2916

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Robert SteppStepp Commercial - KWPEMore Info
310-463-2916

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