Long Beach, CA 90814 3117 E 6th Street
$3,225,000
15 more
Presented By: Martin Marquez with eXp Realty of California Inc.; 562-888-0488
Beds • 16
Baths • 9
SQFT • 6,000
Garage • 5
Year Built • 1961
Home Details
Presenting a prime investment opportunity in the heart of Long Beach's vibrant Eastside neighborhood! This fully renovated 9-unit property, originally built in 1961 and beautifully updated in 2019, offers 6,706 sq ft of living space on a 6,534 sq ft lot. The complex features 2 one-bedroom/one-bath units and 7 two-bedroom/one-bath units, all meticulously renovated with modern wood-style flooring, quartz countertops, Shaker-style cabinetry, stainless steel appliances, and designer fixtures. Located just two blocks from the bustling Fourth Street/Retro Row, this property boasts excellent walkability and access to a diverse array of shops, restaurants, and entertainment. With a current NOI of $152,215 and a strong occupancy rate, this turnkey investment promises strong returns in a highly desirable location.
Presented By: Martin Marquez with eXp Realty of California Inc.; 562-888-0488
Interior Features for 3117 E 6th Street
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsOneCommonWall
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Total Stories1
Other Rooms
Entry Level1
General for 3117 E 6th Street
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate4.72
Carport Y/NNo
CityLong Beach
Community FeaturesSidewalks
CountyLos Angeles
Directionson 6th st
Electric Expense0.0
Electric On Property Y/NNo
Entry Location1
Fuel Expense7145.0
Garage Spaces5.0
Garage Y/NYes
Gross Income241140.0
HOANo
Home Warranty Y/NNo
Insurance Expense2963.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashToExistingLoan, CashToNewLoan, Exchange1031
Lot Size Square Feet6501.0
Lot Size UnitsSquareFeet
MLS Area699 - Not Defined
MaintenanceExpense23539.0
MobileHomeRemainsYNNo
Net Operating Income152215.0
New ConstructionNo
Number Of Units Total9
Number of Units Leased9
Operating Expense88925.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot21
Taxes$41,595
Tenant PaysCableTv
Total Actual Rent20517.0
Trash Expense0.0
Water Sewer Expense0.0
Waterfront Y/NNo
Year Built1961
Year Built SourceAssessor
ZoningLBR2N
Exterior for 3117 E 6th Street
Building Area Total6000.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesPaved
Lot Size Acres0.1492
Lot Size Area6501.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters9
Number of Separate Gas Meters9
Number of Separate Water Meters9
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking5.0
Water SourcePublic
Additional Details
Price History
Alexandra Eston
Sales Associate
Price
$3,225,000
MLS#DW24247496
List Date
12/11/2024
Property Type
Multi-Family
Phone
(562) 537-4182
