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2222 E. 6th Street

2222 E. 6th Street,Long Beach, CA 90814

9

Unit

$2,900,000

Price

Property Details

Price Per Unit

$322,222

Price per SF

$440

Current Cap Rate

5.35%

Market Cap Rate

6.30%

Current GRM

12.28

Market GRM

10.90

2222 E. 6th Street

2222 E. 6th Street,Long Beach, CA 90814

$2,900,000

Price

Property Details

Price per SF

$440

Price Per Unit

$322,222

Price per SF

$440

Current Cap Rate

5.35%

Market Cap Rate

6.30%

Unit

9

Current GRM

12.28

Market GRM

10.90

Description

2222 E. 6th Street is a 9-unit apartment asset built in 1987, located in Long Beach, California.

The property is comprised of (2) 2BD / 2BA + Loft units; (5) 2BD / 2BA units; (1) 1BD / 1BA + Loft unit; and (1) 1BD / 1BA unit. The secure subterranean garage provides 12 parking spaces.

All of the units have been fully remodeled with recessed lighting, new flooring, new kitchen countertops, cabinetry, and stainless steel appliance, new bathroom vanities, tiling, and modern fixtures and features throughout. All 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 12.28 GRM on Current Rents
  • All Units Fully Renovated
  • Attractive Mix of 1BD and 2BD Units
  • Unique 1980’s Construction with Subterranean Parking
  • Within Walking Distance to Vibrant Retro Row

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