Nav
Nav
Nav
Nav
Nav
Nav
Nav
Nav
Nav
Nav
Nav
Nav

2200 E. 6th Street

2200 E. 6th Street,Long Beach, CA 90814

8

Unit

$2,650,000

Price

Property Details

Price Per Unit

$331,250

Price per SF

$370

Current Cap Rate

5.55%

Market Cap Rate

5.78%

Current GRM

11.95

Market GRM

11.61

2200 E. 6th Street

2200 E. 6th Street,Long Beach, CA 90814

$2,650,000

Price

Property Details

Price per SF

$370

Price Per Unit

$331,250

Price per SF

$370

Current Cap Rate

5.55%

Market Cap Rate

5.78%

Unit

8

Current GRM

11.95

Market GRM

11.61

Description

2200 E. 6th Street is an 8-unit apartment asset located in Long Beach, California. The property is offered at 11.95 GRM and 5.55% cap rate on current rents.
The property is comprised of (6) 2BD / 1BA units; (1) 3BD / 2BA unit: and (1) 3BD / 3BA + Office unit. Four (4) garages offer the potential for ADU conversion.
All 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.
With an excellent Walk Score of 95, the property is located in walking distance to vibrant Retro Row with attractive shopping, dining and nightlife amenities.

Highlights

  • Priced at 11.95 GRM on Current Rents
  • All Units Fully Renovated with In-Unit Washer/Dryer
  • Attractive Mix of 2BD and 3BD Units
  • Four (4) Garages Offer Potential for ADU Conversion
  • Within Walking Distance to Vibrant Retro Row

Map

Request More Info





    Terms of Use & Privacy Policy