
1060 E 6th St
Multifamily | 4 Units | $222,500/unit
Marketing description
The Glaser Group is pleased to present 1060 E 6th St, a well-maintained fourplex located in the North Alamitos Beach neighborhood of Long Beach. This charming property features a desirable unit mix of (3) studio apartments and (1) two-bedroom, one-bath unit. Recent upgrades include new vinyl flooring, granite/quartz countertops, updated light fixtures, and a new water heater. Units 3 and 4, consisting of (1) studio and (1) two-bedroom, one-bath unit, are currently vacant, with the two-bedroom unit newly remodeled. The property benefits from no local rent control, allowing for strong rental growth potential. The current owner also collects RUBS (Ratio Utility Billing System) to efficiently offset utility costs.
This low-priced four-unit property offers a rare, low barrier to entry for investors looking to break into the Long Beach multifamily market. With strong in-place rents, minimal overhead, and no local rent control restrictions, this property presents an excellent opportunity for both new and seasoned investors to generate steady cash flow and long-term appreciation.
The property is ideally situated just a 5-minute drive to the Long Beach Waterfront, providing easy access to beaches, parks, and oceanfront attractions. Residents can enjoy the convenience of nearby shopping, dining, and entertainment options, including Retro Row (4th Street), Pine Avenue, The Pike Outlets, and the East Village Arts District. The property is also in close proximity to major developments and mixed-use projects, further enhancing its long-term investment appeal.
Investment highlights
Well maintained 4-plex built in 1904
Unit mix of (3) Studios and (1) 2BD/1BA unit
Situated in the prime location of North Alamitos Beach
No local rent control
Units 3 & 4: (2BR/1BA) remodeled and vacant; (1) studio and (1) 2BR/1BA
Units 1 & 4 have a shared private patio
Close proximity to retail, dining, and entertainment
Owner collects RUBS from tenants to offset utilities
5 minute drive to the Long Beach Waterfront
Strong in place rents with low overhead
New laminate floors, granite/quartz countertops, and new light fixtures, and a new water heater
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