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3117 E 6th Street

Long Beach, CA 90814
  • $3,225,000
  • STATUS: Active
  • ON SITE: 134 Days
  • MLS #: DW24247496
UPDATED: 38 min ago
$3,225,000
  • 0
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1961
County:

School Ratings & Info

Listing Agent(s): Martin Marquez of eXp Realty of California Inc. (888-832-7179)


Description

Presenting a prime investment opportunity in the heart of Long Beach's vibrant Eastside neighborhood! This fully renovated 9-unit property, originally built in 1961 and beautifully updated in 2019, offers 6,706 sq ft of living space on a 6,534 sq ft lot. The complex features 2 one-bedroom/one-bath units and 7 two-bedroom/one-bath units, all meticulously renovated with modern wood-style flooring, quartz countertops, Shaker-style cabinetry, stainless steel appliances, and designer fixtures. Located just two blocks from the bustling Fourth Street/Retro Row, this property boasts excellent walkability and access to a diverse array of shops, restaurants, and entertainment. With a current NOI of $152,215 and a strong occupancy rate, this turnkey investment promises strong returns in a highly desirable location.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-04-25T14:37:34.047. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
www.theziagroup.com/homes/158684211
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3117 E 6th Street Long Beach, CA 90814

  • Price: $3,225,000
  • Status: Active
  • On Site: 134 Days
  • Updated: 38 min ago
  • MLS #: DW24247496
0
Beds
0
Baths
0
½ Baths
0.15
Acres
1961
Built
Neighborhood:
699 - Not Defined
County:
Los Angeles
Area:
699 - Not Defined
Property Description
Presenting a prime investment opportunity in the heart of Long Beach's vibrant Eastside neighborhood! This fully renovated 9-unit property, originally built in 1961 and beautifully updated in 2019, offers 6,706 sq ft of living space on a 6,534 sq ft lot. The complex features 2 one-bedroom/one-bath units and 7 two-bedroom/one-bath units, all meticulously renovated with modern wood-style flooring, quartz countertops, Shaker-style cabinetry, stainless steel appliances, and designer fixtures. Located just two blocks from the bustling Fourth Street/Retro Row, this property boasts excellent walkability and access to a diverse array of shops, restaurants, and entertainment. With a current NOI of $152,215 and a strong occupancy rate, this turnkey investment promises strong returns in a highly desirable location.
Exterior Features

Entry Level 1 Entry Location 1 Lot Features Paved Number Of Separate Electric Meters 9 Parking Total 5 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 1 Common Wall

Property Features

Additional Parcels YN No Cap Rate 4.72 Common Interest Community Apartment Community Features Sidewalks Electric Expense 0 Fuel Expense 7145 Garage YN Yes Gross Income 241140 Gross Scheduled Income 241140 Insurance Expense 2963 Land Lease YN No Laundry Features Common Area Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to Existing LoanCash to New Loan1031 Exchange Maintenance Expense 23539 Net Operating Income 152215 New Construction YN No New Taxes Expense 41595 Number Of Separate Gas Meters 9 Number Of Separate Water Meters 9 Number Of Units Leased 9 Operating Expense 88925 Property Sub Type Apartment Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Cable TV Total Actual Rent 20517 Trash Expense 0 Vacancy Allowance 0 Vacancy Allowance Rate 0 Water Sewer Expense 0 Water Source Public Zoning LBR2N



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-04-25T14:37:34.047. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
 
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The Zia Group | eXp Realty
10 E Yanonali St #11
Santa Barbara CA, 93101
Listing Agent(s): Martin Marquez of eXp Realty of California Inc. (888-832-7179)