710 East 6th Street is an 8-unit multifamily investment opportunity located in the East Village Arts District neighborhood in Long Beach, CA. 710 East 6th Street offers a mix of one and three-bedroom floor plans, featuring vinyl and tile flooring, quartz countertops, stainless steel appliances, bathroom vanities, and more. Additionally,… Read More the property features ample garage and surface parking, private patios or balconies (select units), an on-site laundry facility, and operates solely using electricity. Situated in a fantastic Downtown Long Beach location within the East Village Arts District, 710 East 6th Street is surrounded by an abundance of retail, dining, and entertainment options, as well as employers. Additionally, residents enjoy the properties close proximity to an abundance of everyday needs at El Super Markets and Vons. Furthermore, 710 East 6th Street benefits from its location, providing easy access to a wide variety of local amenities including, The Pike Outlets, Long Beach Convention & Entertainment Center, Alamitos Beach, Retro Row, and more. In summary, 710 East 6th Street’s fantastic location offers residents a wide variety of activities, employment, transportation, and retail amenities, all of which will attract a diverse renter pool. With substantial upside and strong rental metrics, 710 East 6th Street represents an attractive opportunity for a new owner to achieve significant growth. Read Less
Property listed by Marcus & Millichap RE Invest, Tyler Leeson [email protected]
Listing Snapshot
Days Online
53
Last Updated
Property Type
Apartment
Lot Size
0.17 Acres
Year Built
1964
MLS Number
OC25040707
Additional Details
Building
Built in 1964, Building area total: 7,942, Levels: Two, 2 stories, 1 building, Common walls: NoCommonWalls
Community
Curbs, Gutters, Sidewalks
Expenses
Electric expense: $1,800, Fuel expense: $1,800, Insurance expense: $6,800, Maintenance expense: $5,600, New taxes expense: $27,037, Operating expense: $63,072, Trash expense: $1,800, Water sewer expense: $1,800, Other expense: $7,368
Garage
4 spaces
Heating
Radiant
Income
Gross income: $186,780, Net operating income: $118,277
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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