463 W 6th ST Active Save Request In-Person Tour Request Virtual Tour
Long Beach,CA 90802
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 4,001 sqft
Price per Sqft $389
Subdivision Downtown (Dt)
MLS Listing ID PW25164387
HOA Y/N No
Year Built 1923
Lot Size 2,535 Sqft
Acres 0.0582
Property Sub-Type Apartment
Property Description
463 W. 6th Street is a well-located, 8-unit apartment asset in the heart of Downtown Long Beach. Priced at a 6.38% cap rate and a 9.99 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 Walkable”—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
Area 4 - Downtown Area, Alamitos Beach
Zoning LBPD30
Interior
Laundry None
Exterior
Pool None
Community Features Sidewalks
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story 2
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Special Listing Condition Standard
Lease Land No
Confidential INFO
TERMS 1031 Exchange,Cash,Cash To New Loan
LIST AGRMT Exclusive Right To Sell
LIST SERVICE Full Service
SHOW CONTACT TYPE None
SHOW INSTRUCTIONS Drive by only. Do not disturb tenants.