463 W 6th, Long Beach, CA 90802
- $1,499,000
- List Price
- $1,499,000
- Price Change
- ▼ $61,000 1781043041
- Status
- ACTIVE
- MLS#
- PW26080272
- Year Built
- 1923
- Lot Size
- 2,534
- Acres
- 0.06
- Lot Location
- 6-10 Units/Acre
- Days on Market
- 105
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Stories
- Two Levels
- Neighborhood
- Downtown (Dt)
Property Description
8-unit apartment building located in Downtown Long Beach. The property features a unit mix of (6) studios and (2) 1-bed/1-bath units, all with upgraded interiors. The building has been well maintained and has upgraded electrical panels. There is also a well sized basement with potential to be converted into a common area laundry room. Located on a corner lot with good visibility and access to local amenities, employment centers, and the 710 Freeway. Downtown Long Beach continues to see new development, supporting rental demand. Opportunity for stable cash flow with additional upside through rental increases.
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Additional Information
- Pool Description
- None
- Heat
- Floor Furnace, Wall Furnace
- Cooling Description
- None
- View
- None
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 8
- Gross Scheduled Income
- $155,520
- Operating Expense
- 48034
Listing courtesy of Listing Agent: Cody Charnell (cody@sageregroup.com) from Listing Office: Sage Real Estate Group, Inc..
Mortgage Calculator
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