711 E 6th Street, Long Beach, CA, 90802

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$2,000,000
43 Days On Site

711 E 6th Street
Long Beach, CA 90802

For Sale|Residential Income|Active Under Contract
0
Beds
12
Total Baths
4,820
SqFt
$415
/SqFt
1923
Built
County:
Los Angeles
Listed by Taylor Avakian of Lyon Stahl Investment Real Estate, Inc. taylor@lyonstahl.com
Call Now: 951-203-4426
Is this the listing for you? We can help make it yours.
951-203-4426
711 E 6th Street711 E 6th Street711 E 6th Street711 E 6th Street
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711 E 6th St | 12-Unit Multifamily, Long Beach. 1953-built asset totaling 5,040 SF on an 8,064 SF lot in an established residential corridor near Long Beach's downtown core. The property features (12) studio units averaging 420 SF with zero parking obligationa structural advantage in this dense urban submarket. Ten units are currently occupied and every unit is at or below market, with in-place rents averaging $1,507.50/month against market rents of $1,525 and two units positioned at market ready to lease. Offered at $2,000,000 ($166,667/unit | $396.83/SF) with a 6.64% in-place cap rate, the real story is execution simplicitya 6.77% pro forma cap and immediate distribution capacity as two market-ready units lease with zero capex required.

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Listing Snapshot
Price 
$2,000,000
Days On Site 
43 Days
Bedrooms 
N/A
Inside Area (SqFt) 
4,820 sqft
Total Baths 
12
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1734 Acres
Year Built 
1923
MLS® Number 
26901557
Status 
Active Under Contract
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
a week agoListing updated with changes from the MLS®
a week agoStatus changed to Active Under Contract
a month agoListing first seen on site
General Features
Acres 
0.1734
Levels 
One
Parking 
None
Special Circumstances 
Standard
SqFt Total 
4820
Zoning 
LBPD30
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Community Features
MLS Area 
4 - Downtown Area, Alamitos Beach


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. The 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, the 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.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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