N/A
Bedrooms
$1,900,000
FOR SALE711 E 6th Street
Long Beach, CA
MLS# 26901557
4,820 Sq Ft0bd • 12ba
70 days on marketNalren refreshed
Listing Agent
Taylor Avakian
Listing Agent
Lyon Stahl Investment Real Estate, Inc.
DRE #: 02060040
(310) 425-9838Brokerage: Lyon Stahl Investment Real Estate, Inc.
Freddie Gershinson
Co-Listing Agent
Lyon Stahl Investment Real Estate, Inc.
DRE #: 02254744
Brokerage: Lyon Stahl Investment Real Estate, Inc.
Property Details
12
Bathrooms
4,820 sqft
Square Feet
1923
Year Built
7,554 sqft
Lot Size
$394
Price/Sq Ft
N/A
Garage Spaces
N/A
HOA
N/A
Property Type
Description
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 obligation, a structural advantage in this dense urban submarket. Ten units are currently occupied and every unit is at or below market, with rents averaging $1,507.50/month against market rents of $1,525 and two units positioned at market ready to lease. Offered at $1,900,000 ($158,333/unit | $376.98/SF) with a 7.06% current cap rate, the real story is execution simplicity: a 7.20% pro forma cap as below-market units turn to $1,525, with two market-ready vacancies leasing at zero capex.
Facts & Features
Building
- Year Built
- 1923
- Living Area
- 4,820 sqft
- Building Area Total
- 4,820
- Levels
- One
- Stories Total
- 0
Utilities
- Heating
- None
- Cooling
- None
Parking
- Parking Features
- None
- Parking Total
- 0
Community / HOA
- HOA
- No
Natural Hazard Information
Earthquake data is shown from a real public source (USGS)
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CRMLS
MLS# 26901557
Listed:
Nalren refreshed:
Last updated
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Listed by: Lyon Stahl Investment Real Estate, Inc.
Equal Housing Opportunity
Advertising Broker: Nalren Corp (CA DRE #02423715)
Licensed in the state of California
Nalren Corp (CA DRE #02423715) is the Advertising Broker for this IDX display. We are not the listing broker for this property. The listing broker/agent information is shown above. Contact the listing agent for inquiries.