1060 E 6th St - Apartments FOR SALE


Long Beach, CA 90802- Downtown Long Beach
$950,000 USD
310-494-6368
1060 E 6th St, Long Beach, CA for Sale
$950,000 USD
Apartments - FOR SALE
1/27
null | 5% Cap Rate

1060 E 6th St
Long Beach, CA 90802
Downtown Long Beach


HIGHLIGHTS

  • Well maintained 4-plex built in 1904 ; Unit mix of (3) Studios and (1) 2BD/1BA unit
  • Situated in the prime location of North Alamitos Beach ; No local rent control
  • Upgrades include vinyl flooring and new water heaters ; Units 1 & 4 have a shared private patio
  • Close proximity to retail, dining, and entertainment ; Owner collects RUBS from tenants to offset utilities ;
  • 5 minute drive to the Long Beach Waterfront ; Strong in place rents with low overhead
  • New laminate floors, granite countertops, and new light fixtures.

OVERVIEW

The Glaser Group is pleased to present 1060 E 6th St, a well-maintained fourplex located in the North Alamitos Beach neighborhood of Long Beach. This charming property features a desirable unit mix of (3) studio apartments and (1) two-bedroom, one-bath unit. Recent upgrades include new vinyl flooring, granite countertops, updated light fixtures, and new water heaters. The property benefits from no local rent control, allowing for strong rental growth potential. The current owner also collects RUBS (Ratio Utility Billing System) to efficiently offset utility costs. This low-priced four-unit property offers a rare, low barrier to entry for investors looking to break into the Long Beach multifamily market. With strong in-place rents, minimal overhead, and no local rent control restrictions, this property presents an excellent opportunity for both new and seasoned investors to generate steady cash flow and long-term appreciation. The property is ideally situated just a 5-minute drive to the Long Beach Waterfront, providing easy access to beaches, parks, and oceanfront attractions. Residents can enjoy the convenience of nearby shopping, dining, and entertainment options, including Retro Row (4th Street), Pine Avenue, The Pike Outlets, and the East Village Arts District. The property is also in close proximity to major developments and mixed-use projects, further enhancing its long-term investment appeal.

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$614 USD /SF

# OF UNITS

4

PRICE/UNIT

$237,500

CAP RATE

5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1904

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,712 SF

ZONING

LBR3S

APN/PARCEL ID

7266-007-001

ASK ABOUT THIS PROPERTY

Jake GlaserLyon Stahl Investment Real EstateMore Info
310-494-6368

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Jake GlaserLyon Stahl Investment Real EstateMore Info
310-494-6368

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.