$1,560,000
463 W 6th
Details
APN 7272023022
Property Type Multifamily
Sub Type Apartment Building
Units 8
Cap Rate 6.40%
Buildings 1
Acreage 0.058
Zoning Assessor
Multifamily | 6.40% CAP | 8 Units
Marketing description
8-unit apartment building located in Downtown Long Beach. The property features a unit mix of (6) studios and (2) 1-bed/1-bath units, all with upgraded interiors. The building has been well maintained and has upgraded electrical panels. There is also a well sized basement with potential to be converted into a common area laundry room. Located on a corner lot with good visibility and access to local amenities, employment centers, and the 710 Freeway. Downtown Long Beach continues to see new development, supporting rental demand. Opportunity for stable cash flow with additional upside through rental increases.
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