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Listed by Robert Stepp • Keller Williams Realty Downey
$1,650,000
Est. payment /mo
4,001 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 4,001 sqft
Price per Sqft $412
MLS Listing ID CRPW25164387
HOA Y/N No
Year Built 1923
Lot Size 2,534 Sqft
Property Sub-Type Other
Source Datashare California Regional
Property Description
463 W. 6th Street is a well-located, 8-unit apartment asset in the heart of Downtown Long Beach. Priced at a 6.00% cap rate and a 10.49 GRM based on current rents, the property offers strong in-place income with additional upside potential. The well-maintained building features new exterior paint and a refreshed entry awning. The unit mix includes (2) 1-bed/1-bath units and (6) studio units, all of which offer hardwood flooring and upgraded kitchens and bathrooms. Additional highlights include upgraded electrical systems and desirable 1920s architectural detailing. Ideally situated in Downtown Long Beach, the property boasts a Walk Score of 89—“Very Walkableâ€â€”with most daily errands easily accomplished on foot. The property also offers convenient access to the 710 Freeway, providing seamless connectivity throughout Long Beach and the greater Los Angeles area.
Location
State CA
County Los Angeles
Interior
Fireplace No
Laundry No Hookups
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