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2103 E. 6th Street

2103 E. 6th Street,Long Beach, CA 90814

5

Unit

$1,850,000

Price

Property Details

Price Per Unit

$370,000

Price per SF

$420

Current Cap Rate

5.25%

Market Cap Rate

5.73%

Current GRM

12.43

Market GRM

11.67

2103 E. 6th Street

2103 E. 6th Street,Long Beach, CA 90814

$1,850,000

Price

Property Details

Price per SF

$420

Price Per Unit

$370,000

Price per SF

$420

Current Cap Rate

5.25%

Market Cap Rate

5.73%

Unit

5

Current GRM

12.43

Market GRM

11.67

Description

2103 E. 6th Street is a 5-unit apartment asset built in 1980, located in Long Beach, California.

The property is comprised of (1) 3BD / 2BA unit; (1) 2BD / 1BA + Loft unit: (2) 2BD / 2BA units; and (1) 1BD / 1BA unit. Gated parking provides four (4) parking spaces.

Four (4) of the units have been fully remodeled with recessed lighting, new flooring, new kitchen countertops, cabinetry, and stainless steel appliance, new bathrooms, and modern fixtures and features throughout. Renovated units offer in-unit washers and dryers.

The property is located in walking distance to vibrant Retro Row with attractive shopping, dining and nightlife amenities.

Highlights

  • Priced at 12.43 GRM on Current Rents
  • Sizable Units, Four (4) Units Fully Renovated
  • Attractive Mix of 1BD, 2BD and 3BD Units
  • Unique 1980’s Construction with Gated Parking
  • Within Walking Distance to Vibrant Retro Row

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