845 E 6th St - Apartments FOR SALE


Long Beach, CA 90802- Downtown Long Beach
$5,203,327 USD
310-463-2916
845 E 6th St, Long Beach, CA for Sale
$5,203,327 USD
Apartments - FOR SALE
1/13
null | 7.32% Cap Rate

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


HIGHLIGHTS

  • All Units Fully Renovated w/ In-Unit Washer/Dryers
  • Excellent Mix of 2BD, 1BD and Studio Units
  • Brand New Electrical and Plumbing Systems
  • Low Utilities Expenses - Solar Panels
  • Secured Access Building in East Village Arts District - 93 Walk Score / 91 Bike Score

OVERVIEW

845 E. 6th Street is a 24-unit apartment asset in East Village Arts District in Downtown Long Beach. The property is offered at 9.34 GRM and 7.32% cap rate on current rents. The property is comprised of (8) 2BD / 2BA units, (8) 1BD / 1BA units, and (8) studios. All of the units have been fully remodeled with recessed lighting, new flooring, new kitchen countertops, cabinetry, and stainless steel appliance, new bathroom vanities, tiling, and modern fixtures and features throughout. Remodeled units also offer in-unit washers and dryers. Building improvements include brand new electrical and plumbing systems and solar panels on the property contribute to low utilities expenses. The property is location in the vibrant East Village Arts District and boasts a Walk Score of 93 and a Bike Score of 91 with excellent accessiblity to a plethora of dining, shopping and lifestyle amenities.

FOR SALE DETAILS

PRICE

$5,203,327 USD

PRICE/SF

$459 USD /SF

# OF UNITS

24

PRICE/UNIT

$216,805

CAP RATE

7.32%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

9.34 GRM | 7.32% Cap Rate

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1924

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

PD30, Long Beach

APN/PARCEL ID

7274-019-026

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.