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    463 W 6th Street

    Long Beach, CA 90802
    • $1,900,000
    • STATUS: Active
    • ON SITE: 36 days
    • ID#: PW20191359
    UPDATED: 42 min ago
    $1,900,000
    • 0
      BEDS
    • 0.06
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,001
      SQFT
    • $475
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1923
    County:

    School Ratings & Info

    Description

    We are pleased to offer 463 W. 6th Street, an 8-unit apartment building located in the heart of Downtown Long Beach. Situated on a corner lot, offering excellent curb appeal and exposure, the 6th Street Apartments have been fully renovated inside and out that to today's model home standards. Each unit features a new kitchen, bathroom, flooring, etc., while still offering historic charm and character. Offering an impressive walk, bike, and transit scores, tenants will be able to commute to easily for all of their daily errands. Furthermore, Downtown Long Beach is amidst a development boom, only growing the appeal of the city. With little to no capital needed to be infused into the property, the 6th Street Apartments offers a new investor immediate and impressive cash-flow with as little 35% down payment, making this an exceptional investment opportunity for any type of investor. *Located in the Core of Downtown Long Beach *Fully Renovated Interiors with High-End Finishes *Charming Historic Character w/Excellent Curb Appeal *Easy Maintenance Building *89 Walk Score, 77 Transit Score & 88 Bike Score *Immediate Cash-Flow with as Little as 35% Down Payment

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-20T23:31:00.64. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.

    www.therealestategirl.com/homes/110001262
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    463 W 6th Street Long Beach, CA 90802

    • Price: $1,900,000
    • Status: Active
    • Updated: 42 min ago
    • ID#: PW20191359
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.06
    Acres
    4,001
    SQFT
    $475
    $/SQFT
    1923
    Built
    Neighborhood:
    Downtown (Dt)
    County:
    Los Angeles
    Area:
    4 - Downtown Area, Alamitos Beach
    Property Description
    We are pleased to offer 463 W. 6th Street, an 8-unit apartment building located in the heart of Downtown Long Beach. Situated on a corner lot, offering excellent curb appeal and exposure, the 6th Street Apartments have been fully renovated inside and out that to today's model home standards. Each unit features a new kitchen, bathroom, flooring, etc., while still offering historic charm and character. Offering an impressive walk, bike, and transit scores, tenants will be able to commute to easily for all of their daily errands. Furthermore, Downtown Long Beach is amidst a development boom, only growing the appeal of the city. With little to no capital needed to be infused into the property, the 6th Street Apartments offers a new investor immediate and impressive cash-flow with as little 35% down payment, making this an exceptional investment opportunity for any type of investor. *Located in the Core of Downtown Long Beach *Fully Renovated Interiors with High-End Finishes *Charming Historic Character w/Excellent Curb Appeal *Easy Maintenance Building *89 Walk Score, 77 Transit Score & 88 Bike Score *Immediate Cash-Flow with as Little as 35% Down Payment
    Exterior Features

    Garage Spaces 0.00 Lot Features 6-10 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 0.00 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features None Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 5.20 Community Features SidewalksStorm DrainsStreet Lights Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 0.00 Gross Income 0.00 Gross Multiplier 13.93 Gross Operating Income 132346.00 Gross Scheduled Income 136440.00 Insurance Expense 1500.00 Land Lease YN No Laundry YN No Maintenance Expense 5000.00 Net Operating Income 99203.00 New Construction YN No New Taxes Expense 22989.00 Number Of Separate Electric Meters 8 Number Of Separate Gas Meters 8 Number Of Separate Water Meters 1 Operating Expense 33144.00 Operating Expense Percent 24.30 Other Expense 2000.00 Other Expense Description Utility Professional Management Expense 0.00 Rent Control YN Yes Senior Community YN No Sewer None Special Listing Conditions Standard Subdivision Name Other Downtown (Dt) Total Expenses 33144.00 Trash Expense 0.00 Vacancy Allowance 4093 Vacancy Allowance Rate 3.00 Water Sewer Expense 0.00 Water Source None Year Built Source Assessor Zoning Lbpd30

    Listing provided courtesy of Doug Rodermund of Morgan Skenderian


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-20T23:31:00.64. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.

     
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