463 W 6th Street, Long Beach, CA 90802

$1,900,000
4,001
SqFt
List Price
$1,900,000
Status
ACTIVE
MLS#
PW20191359
Year Built
1923
Living Sq. Ft
4,001
Lot Size
2,533
Acres
0.0581
Lot Location
6-10 Units/Acre
Days on Market
8
Property Type
Multifamily
Stories
Two Level
Builders Tract Code
Downtown (DT)
Neighborhood
Downtown (Dt)

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

Additional Information

Lot Description
Sidewalks, Storm Drains, Street Lights
Pool Description
None
Attached Structure
Detached
Number Of Units Total
8
Gross Scheduled Income
$136,440
Operating Expense
33144
Unit One Total Units
6
Unit One Baths
1
Unit One Actual Rent
1395.00
Unit One Total Rent
8370.00
Unit One Pro Forma
1425
Unit One Furnished
Unfurnished
Unit Two Total Units
2
Unit Two Beds
1
Unit Two Baths
1
Unit Two Actual Rent
1500.00
Unit Two Total Rent
3000.00
Unit Two Pro Forma
1525
Unit Two Furnished
Unfurnished

Mortgage Calculator

Amount of Loan
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Calculator source: Real Geeks

Listing courtesy of Doug Rodermund from Morgan Skenderian

Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.